11-01-2011 10:00
Full national treatment of local currency deposits in foreign bank branches in Vietnam from this year will not cause fiercer competition between local banks.
10-01-2011 23:11
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.
09-01-2011 16:45
Despite the government giving banks breathing space to lift chartered capital, the walls are slowly closing in.
04-01-2011 12:17
Despite their short time in Vietnam, foreign banks have enjoyed phenomenal growth and competed fiercely with local counterparts.
03-01-2011 09:02
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.
29-12-2010 19:00
The State Bank of Vietnam has approved a $500,000 project with measures to prevent counterfeit money from circulating in banks and state treasuries.
26-12-2010 21:32
The first foreign bank branches have made their moves to increase chartered capital to cope with the State Bank’s lending restrictions.
26-12-2010 13:52
The government has extended the deadline for commercial banks by one year to fulfill their chartered capital raising obligations.
25-12-2010 10:20
Scores of local banks have found it hard to achieve 2010 profit targets despite modest ambitions.
24-12-2010 17:00
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.
23-12-2010 09:23
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.
22-12-2010 14:27
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.
22-12-2010 11:46
Vietnamese banks are expanding their business into foreign markets with the neighbouring countries of Laos and Cambodia as prime destinations.
21-12-2010 17:00
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.
21-12-2010 09:05
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.