sbv pushes on with bank restructuring

SBV pushes on with bank restructuring

The Governor of the State Bank of Vietnam, Nguyen Van Binh, has reported to the NA on the restructuring process for weak banks in Vietnam.
vietnam considers selling a bank to foreigners

Vietnam considers selling a bank to foreigners

Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam.
govt plans to fix all weak banks in 2013

Gov’t plans to fix all weak banks in 2013

The government has tasked the State Bank of Vietnam to take necessary measures to tighten discipline on the banking sector and fix all weak banks in 2013, according to the government’s newly-issued resolution.
banking restructuring is nothing to be feared

Banking restructuring is nothing to be feared

Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.
weak banks to miss credit growth allocation

Weak banks to miss credit growth allocation

According to an instruction issued by the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on Feb. 13, banks belonging to Group 4 (weak banks) will not be allocated any credit growth this year.
nfsc warned against quick fix

NFSC warned against quick fix

Vietnam’s National Financial Supervisory Commission claims the central bank should fight liquidity issues by pumping money into the banking system.