19-12-2010 20:20
“We believe there is sufficient growth and demand for financial services for all Vietnamese banks, whether local or foreign, to operate successfully and profitably”
19-12-2010 20:17
Vietnam’s market is attracting foreign banks to open wholly-owned, locally incorporated subsidiaries.
18-12-2010 18:00
State Bank Ho Chi Minh City branch director Ho Huu Hanh tells VIR that from December 15 it would take iron hand towards banks infringed upon the 14 per cent per year ceiling deposit rate requirement.
18-12-2010 08:00
Hoa Phat Group, Vietnam’s biggest listed steel producer, has signed a syndicated loan for VND1.5 trillion (some $75 million) with three Vietnamese banks to develop its steel complex, stage two, in northern Vietnam.
16-12-2010 13:10
Prime Minister Nguyen Tan Dung has accepted a proposal from the State Bank of Vietnam to extend the deadline for banks to raise their chartered capital to VND3 trillion ($150 million) by one year to December 31, 2011, said the bank on December 14.
15-12-2010 08:00
Most banks eased deposit interest rates to 15 per cent and below on Monday after a dozen of the major ones signed an agreement with the central bank late last week.
15-12-2010 08:00
The European Central Bank might ask member central banks to approve a capital increase this week, a European source close to the matter told AFP on Tuesday.
14-12-2010 15:00
Proposed reforms to the Basel Accord are expected to have a significant impact on banks in Asia-Pacific, according to a recent joint KPMG and Oracle survey of executives from financial institutions across the region.
13-12-2010 14:18
“Most banks are trying to meet their deposit growth rate and total asset targets”
12-12-2010 14:01
Fifteen large scale commercial banks are onboard with three switching companies Banknetvn, Smartlink and VNBC to offer card holders in Hanoi and Ho Chi Minh City with more points of acceptance (POS) from December 9.
12-12-2010 14:00
Australia unveiled tough changes to finance laws Sunday, banning unpopular mortgage fees and cracking down on price collusion between major banks in a bid to boost competition in the sector.
07-12-2010 16:37
A memorandum of understanding (MoU) for co-operation between the State Bank of Vietnam (SBV) and the central bank of Malaysia, Bank Negara Malaysia, was signed in Hanoi on December 4.
06-12-2010 21:54
Financial experts said many businesses would be willing to borrow money at the current rates as they need large sources of capital at the end of the year, which is expected to be a booming time of the local retail market.
06-12-2010 21:53
Banks are still reluctant to lend to businesses although interest rates have already climbed to 19 and 20 per cent, putting the latter in a tight spot.
05-12-2010 23:15
The central bank is set to ease strains on foreign and locally incorporated banks in Vietnam, offering clear legal procedures for lending activities.