local treatment to not cause waves

Local treatment to not cause waves

Full national treatment of local currency deposits in foreign bank branches in Vietnam from this year will not cause fiercer competition between local banks.
banking in 2011

Banking in 2011

Vietnam Investment Review spoke with the head of Ho Chi Minh City Banking University’s Business Management Faculty, Dr. Le Tham Duong about the banking authorities’ targets to control credit growth in 2011 and what opportunities and challenges the banking sector faces in the year ahead.
small banks facing a rougher road ahead

Small banks facing a rougher road ahead

Despite the government giving banks breathing space to lift chartered capital, the walls are slowly closing in.
foreign banks in the money in vietnam

Foreign banks in the money in Vietnam

Despite their short time in Vietnam, foreign banks have enjoyed phenomenal growth and competed fiercely with local counterparts.
spain holds europes fate in its hands in 2011 analysts

Spain holds Europe's fate in its hands in 2011: analysts

For financial markets the doomsday scenario in 2011 starts with Spain buckling under its debt and unleashing a Europe-wide crisis that dwarfs anything seen so far in Greece or Ireland.
state bank steps up fight against counterfeit money

State Bank steps up fight against counterfeit money

The State Bank of Vietnam has approved a $500,000 project with measures to prevent counterfeit money from circulating in banks and state treasuries.
banks make their moves

Banks make their moves

The first foreign bank branches have made their moves to increase chartered capital to cope with the State Bank’s lending restrictions.
commercial banks given relaxing breath

Commercial banks given relaxing breath

The government has extended the deadline for commercial banks by one year to fulfill their chartered capital raising obligations.
banks fall short of profit targets

Banks fall short of profit targets

Scores of local banks have found it hard to achieve 2010 profit targets despite modest ambitions.
foreign lenders rush to raise registered capital

Foreign lenders rush to raise registered capital

While local lenders gained a one-year extension for the deadline to raise their registered capital, foreign-owned banks are on a rush to increase the capital in accordance with the Law on Credit Institutions.

Wall Street edge higher as banks rally

Wall Street closed higher on Wednesday, pulled up by financial stocks after US economic growth estimates were revised upwards and data showed the beleaguered housing market was faring better.
exposure brings state owned banks under scrutiny

Exposure brings state-owned banks under scrutiny

The State Bank of Vietnam yesterday ordered five major state-owned commercial banks to make comprehensive reports on their business operations during 2008-10. The banks subject to the order are the Bank for Investment and Development of Vietnam (BIDV), Agribank, Mekong Housing Bank, Vietcombank, and Vietinbank.
vietnam venturing into laos and cambodia investments

Vietnam venturing into Laos and Cambodia investments

Vietnamese banks are expanding their business into foreign markets with the neighbouring countries of Laos and Cambodia as prime destinations.
raising chartered capital is key to sharpen competitiveness

Raising chartered capital is key to sharpen competitiveness

Ho Chi Minh City Banking University’s Business Management Faculty head Le Tham Duong told VIR that banks still needed to fulfill their chartered capital raising obligations to enhance competitiveness, despite the State Bank recently extended the deadline by one year.
vinashin pulling down banks

Vinashin pulling down banks

As foreign creditors wait to see how Vinashin will manage to return the first $60 million of its $600 million, credit rating agencies have expressed concerns over the banking market.