more banks to list on stock exchanges

More banks to list on stock exchanges

Last year, the domestic stock market did not promise much and many banks decided to defer their plans to list on the bourses.
small change in short supply ahead of tet

Small change in short supply ahead of Tet

The demand for low denomination banknotes has increased sharply ahead of Tet (lunar New Year), causing a headache for both banks and the public, but playing into the hands of black market traders.
deposit rates trigger dollarisation fears

Deposit rates trigger dollarisation fears

Local banks are hiking mobilising interest rates for dollar deposits as demand for dollar-denominated credit keeps rising, a trend which has given rise to fears of dollarisation.

Joint stock banks lower profit targets

Local banks are downscaling profit targets for 2011 as monetary policies aimed at curbing inflation take their toll.
banks limit gold deposit terms to curb dollarisation of economy

Banks limit gold deposit terms to curb dollarisation of economy

A number of commercial banks have continued to limit deposit terms and lower interest rates for gold deposits, in a bid to restrict these types of deposits pursuant to instructions issued by the central bank.
us banks show recovery in 2010

US banks show recovery in 2010

Business bounced back at the major US banks in 2010, with most showing improved earnings, but some of the largest firms faced lingering symptoms of the crisis and faced new curbs on lucrative business.
banks set realistic targets for 2011

Banks set realistic targets for 2011

Domestic commercial banks with increased chartered capital have presented cautious outlooks regarding profit targets in 2011.
three banks raise charter capital

Three banks raise charter capital

The State Bank of Vietnam has approved the plans of three banks to raise their charter capital.
banks hesitate over joining stock exchange

Banks hesitate over joining stock exchange

Many local state-owned banks are taking a cautious approach regarding plans to join Vietnam’s stock market in 2011.
higher interest rates on us dollar deposits

Higher interest rates on US dollar deposits

The annual deposit interest rate on US dollars had touched 6.25 per cent at the end of last week, the highest in recent months.
early birds catch worm in bank capital law changes

Early birds catch worm in bank capital law changes

Over 20 banks in Vietnam are still operating with a chartered capital lower than the required limit of VND3 trillion which is set out by Decree 141/2006/ND-CP.
banks hike interest rates on us dollars

Banks hike interest rates on US dollars

Some smaller commercial banks in the past week have raised the interest rates they offer on US dollar deposits by 0.9 to 1.3 percentage points to as high as 6.1 per cent per year.

Foreign competitors pose new threat to local banks

Competition in the banking industry is likely to become increasingly fierce this year as foreign credit institutions have received full rights to operate on the domestic market pursuant to WTO commitments.
us banks close embassy accounts

US banks close embassy accounts

A top US State Department official on Thursday sought to ease diplomatic anger among UN states about the closure of embassy accounts by US banks.
cautious approach for foreign banks

Cautious approach for foreign banks

Foreign banks will be taking a cautious approach regarding business expansion plans in Vietnam according to industry insiders.