banks continue to hedge bets when it comes to profits

Banks continue to hedge bets when it comes to profits

Banks are not optimistic on projecting their year-plan profits as the current economic situation remains uncertain for the finance industry.
imf floats a key monetary framework

IMF floats a key monetary framework

Vietnam's economy is facing challenges that are being scrutinised by International Monetary Fund (IMF), which has urged the State Bank to simplify it monetary policy and rely more on market-based instruments.
tienphongbank in better health

TienPhongBank in better health

TienPhongBank is in better financial health following a restructuring process.
scb to improve financial heath

SCB to improve financial heath

Saigon Commercial Bank, one year after the merge, now has better liquidity and improved payment ability, statement from State Bank released last week.
banks struggle to make capital work

Banks struggle to make capital work

Banks are continuing to sit on a pile cash with few firms ready to talk business.
credit remains a sticky question for banks

Credit remains a sticky question for banks

The State Bank might consider dividing banking system credit groups this year, but the growth cap might be unnecessary given soft credit growth.
credit yet to spike northwards

Credit yet to spike northwards

Although banks are continuing to reduce lending rates and offer more preferential credit packages, the sluggish loan market continues to hobble the banking system.
forex flurry turns calm

Forex flurry turns calm

The State Bank last week stepped in to calm a fluctuating foreign exchange market by reducing the selling price of USD on the interbank market.
bidv looks to eastern europe

BIDV looks to Eastern Europe

Two prominent banks, Vietnam’s BIDV and Eastern Europe’s IIB, have signed comprehensive cooperative agreement in many business activities, especially credit and syndicated loan.
banking system mired in trouble

Banking system mired in trouble

Bad loans and other losses from banking activities produced a dramatic decline in performance for Vietnam’s banking system.
rumour sparks heated post tet forex confusion

Rumour sparks heated post Tet forex confusion

After the Tet holiday, a fluctuating foreign exchange rate has raised business community concerns.
gold prices bounce despite state bank control

Gold prices bounce despite State Bank control

The price of gold in Vietnam, long coveted here as a hedge against economic uncertainty, remains substantially higher than the international price, even though the State Bank now exerts control on the trading of gold bars.
stronger hand set to control npls

Stronger hand set to control NPLs

The State Bank last week released a new circular stipulating stricter requirements on the classification of non-performing loans.
bidv loan hits super highway

BIDV loan hits super highway

BIDV on signed an agreement with the Ministry of Transport to widen the nation’s main arterial route.
debt market is ready to come into vogue

Debt market is ready to come into vogue

The debt market might become more active, helping resolving the non-performing loan problem following a government resolution designed to ease difficulties for businesses.