opinion divided on new inflation gauge

Opinion divided on new inflation gauge

There has been a mixed reaction to the proposed changes in the way the General Statistics Office calculates inflation, which will mean detaching the rate of inflation from the consumer price index.
state land no longer for let

State land no longer for let

Right beside the National Cinema Centre, the grilled beef (bo tung xeo) restaurant on Thai Ha street is a favourite destination for all food lovers in Hanoi, not only for its tasty morsels of prime beef and fresh beers, but also for its location and large open-plan eating area.
weak management hurts pcfs

‘Weak’ management hurts PCFs

The bankruptcy of a people’s credit fund (PCF) in Long An province has raised serious questions about the management and State control of these funds.
bank deposits take a hit as inflation bites

Bank deposits take a hit as inflation bites

Bank deposits are drying up with experts pointing a finger at the increase in compulsory reserve rates and a decision by large banks to cap deposit interest rates.
reality check for atm users

Reality check for ATM users

Pham Thi Huyen, a security guard from Thang Long Security Company, panicked one morning last week when she discovered her wallet, with a few hundred thousand dong, her ATM

Rural banks raise capital to compete

A number of rural joint-stock commercial banks have announced a dramatic increase to their chartered capital before the end of the year in order to expand their business in the face of the ever-increasing competition.

Capital ratio move hits banks

The State Bank is to introduce changes that will effect the capital adequacy ratio of commercial banks in an effort to bring national practices closer to international standards.

New bourse law opens door to JCSBs

Two joint-stock commercial banks announced they were ready to list on the stock exchange immediately after the State Bank issued listing regulations last week.
credit firms set to throw off shackles more room to move

Credit firms set to throw off shackles more room to move

Credit institutions operating in Vietnam will be given looser regulations on liquidity and capital management if a draft amendment on the credit activities security is approved by the State Bank.
agribank opens first bank treasury

Agribank opens first bank treasury

State-owned Agribank has opened the country’s first bank treasury centre to centralise the management of its capital and foreign currency services.

Cash in the hand? Less may be more

Cash payments by Vietnam’s businesses and organisations may soon be limited in order to develop the non-cash payment system, the State Bank said.

Limits on foreign JSCB stock raised

Foreign banks will be allowed to buy up to 30 per cent of shares in local joint stock commercial banks (JSCBs), according to new State Bank regulations.
big banks get capital without clearing debts

Big banks get capital without clearing debts

The government has decided to disburse the last tranche of its recapitalisation fund to the country’s three biggest banks, despite none of them cleaning up their books as agreed under banking reform. The finance ministry would this month distribute VND1.5 trillion ($96 million) among Vietcombank, Agribank and Vietincombank, an official said.
state bank keeps word on dong rates

State Bank keeps word on dong rates

Dong interest rates are unlikely to rise in the near future despite the high inflation in the first four months of this year, the State Bank and some of the nation’s top commercial banks have said.

Income tax hike looms for foreign contract workers

Foreign contractors conducting business in Vietnam or with income generated in Vietnam may pay higher taxes if a circular is approved by the government.