real estate firms issue bonds to raise capital

Real estate firms issue bonds to raise capital

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.
acb approved to increase capital by paying dividend by stock

ACB approved to increase capital by paying dividend by stock

Approved by the State Bank of Vietnam (SBV), Asia Commercial Joint Stock Bank (ACB) plans to issue more than 374 million shares to increase its charter capital by VND3.74 trillion ($162.6 million) to reach VND16.6 trillion ($721.74 million).
credit growth expanded 733 percent in h1

Credit growth expanded 7.33 percent in H1

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam  (SBV) Le Minh Hung said.
local cybercrime threats on the rise

Local cybercrime threats on the rise

Though the quick advancement of fintech has helped cashless payments increase in Vietnam, it has also created a fertile land for cyber-criminals to exploit. Luu Phuong reports.  
national australia bank limited stops working in vietnam

National Australia Bank Limited stops working in Vietnam

National Australia Bank Ltd.'s five-year presence in Vietnam comes to an end as the State Bank of Vietnam (SBV) decided to revoke the license of its representative office in the country.
reference exchange rate down 4 vnd on june 19

Reference exchange rate down 4 VND on June 19

The State Bank of Vietnam set the daily reference exchange rate at 23,070 VND per USD on June 19, down 4 VND from the previous day (June 18).
grab fined for vnd120 million

Grab fined for VND120 million

The State Bank of Vietnam (SBV) has issued a fine of VND120 million ($5,217) to Grab (Vietnam) Ltd. due to its failure to comply with regulations relating to administrative procedures on registering loans from overseas.
forum on development of vietnamese banks sector

Forum on development of Vietnamese banks sector

The banking forum “For Vietnamese banks further development” held by the State Bank of Vietnam and Saigon Times took place on Wednesday, May 8, 2019 in Hanoi, focusing on restructuring the banking system, monetary policies, and digital applications amidst the Fourth Industrial Revolution as well as discussing more effective approaches for the future advancement of Vietnamese banks.
horea offers proposals to help real estate firms access long term bank loans

HoREA offers proposals to help real estate firms access long-term bank loans

The HCM Real Estate Association (HoREA) has suggested the State Bank of Vietnam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
central bank asks for tightened control over real estate loans

Central bank asks for tightened control over real estate loans

The State Bank of Vietnam (SBV) has asked for the control over real estate loans by credit institutions to be enhanced, especially in areas showing signs of land price fever.
banks forecast further improvements

Banks forecast further improvements

A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Vietnam's March survey released late last week.
new regulations on use of foreign currencies in vietnam

New regulations on use of foreign currencies in Vietnam

The State Bank of Vietnam recently issued Circular No. 03/2019/TT-NHNN on amending and supplementing a number of articles of Circular No. 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign currencies across the Vietnamese territory.
remittances to hcm city reach 12 billion in q1

Remittances to HCM City reach $1.2 billion in Q1

Remittances to HCM City were estimated to reach US$1.2 billion in the first quarter of this year, according to Nguyen Hoang Minh, Deputy Director of the State Bank of Vietnam’s branch in the southern city.
central bank gives no permission to cryptocurrency platforms

Central bank gives no permission to cryptocurrency platforms

The State Bank of Vietnam has not granted permission to any virtual and crypto currency trading platforms in Vietnam.
corporate bonds give bank deposits a run for their money

Corporate bonds give bank deposits a run for their money

A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.