vib increased its charter capital and ready to be listed on upcom

VIB increased its charter capital and ready to be listed on UPCOM

Vietnam International Bank (VIB) announced to have completed all procedures of increasing its charter capital to VND5.6 trillion ($250.4 million) based on the 2016 charter capital increase plan approved by the State Securities Commission and the State Bank of Vietnam (SBV).
real estate market heats up thanks to remittance flow

Real estate market heats up thanks to remittance flow

One fifth of the kieu hoi (overseas remittance) volume in 2015 has gone into the real estate sector, according to the State Bank of Vietnam (SBV).
rok daegu bank to open branch in hcm city

RoK Daegu Bank to open branch in HCM City

Daegu Bank of the Republic of Korea (RoK) is preparing to open a branch in Ho Chi Minh City in the near future with support from the State Bank of Vietnam.
vietnam licenses unit of malaysian bank cimb

Vietnam licenses unit of Malaysian bank CIMB

The State Bank of Vietnam has granted a license for Malaysia’s second largest lender CIMB to open a unit here, which will be the seventh fully foreign-owned bank in the country.
wb helps vietnam enhance competitiveness and accelerate green growth

WB helps Vietnam enhance competitiveness and accelerate green growth

On July 25, the World Bank (WB) and the State Bank of Vietnam (SBV) signed US$371 million agreements to support with economic competitiveness, climate change response and green growth, and water supply and waste water treatment.
moodys praises vns tighter bank liquidity lending rules

Moody's praises VN's tighter bank liquidity, lending rules

Credit ratings agency Moody's has responded positively to the State Bank of Vietnam's Circular 06/2016/TT-NHNN on asset-liability management and real estate loans.
banks defend bailout of hoang anh gia lai

Banks defend bailout of Hoang Anh Gia Lai

The State Bank of Vietnam’s decision to help Hoang Anh Gia Lai Group overcome its enormous debts has sparked a controversy among market players.
central bank offers helping hand to debt laden hoang anh gia lai

Central Bank offers helping hand to debt-laden Hoang Anh Gia Lai

The State Bank of Vietnam (SBV) has just sent a document to the prime minister requesting permission to reschedule the debts of troubled conglomerate Hoang Anh Gia Lai (HAG).
vietnamese banks catching up with regional peers in service quality

Vietnamese banks catching up with regional peers in service quality

The country awards that Vietnamese banks received at the Asian Banker Summit award ceremony held on May 10 evening is confirmation of the effort they made to improve their products and services, according to deputy governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.
local banks queue up for bourse listing

Local banks queue up for bourse listing

Banks are rushing to get listed on the stock exchange this year, as ordered by the State Bank of Vietnam.
sbv welcomes foreign investors in banking sector

SBV welcomes foreign investors in banking sector

The State Bank of Vietnam (SBV) hopes to see more involvement by foreign investors in the restructuring of domestic banks.
timely financial aids on way to affected fish farmers

Timely financial aids on way to affected fish farmers

The State Bank of Vietnam has formally requested local credit institutions to provide financial support to fish farmers and aquaculture businesses in the central provinces affected by the mass fish deaths.
state bank works to keep bad debt below 3 pct

State bank works to keep bad debt below 3 pct

The State Bank of Vietnam (SBV) has requested that credit institutions and foreign bank branches intensify their credit quality and bad debt management and submit their bad debt handling plans for 2016 before April 28.
banks to see changes in high personnel

Banks to see changes in high personnel

As the process of restructuring the banking sector is coming to an end, with the number of banks expected to decrease to 15, according to the State Bank of Vietnam (SBV)’s plans, monetary institutions with bad business results and increasing bad debts to restructure are going to see a lot of changes in high personnel.
barriers block foreign investors being residents

Barriers block foreign investors being residents

Over the past few years, in an effort to provide foreign investors with better legal conditions to make investments in Vietnam, the State Bank of Vietnam (SBV) issued various new regulations on foreign exchange control. One such regulation of particular interest to foreign investors is Circular No.19/2014/TT-NHNN guiding foreign exchange control of foreign direct investment (FDI) activities in Vietnam (Circular 19), which took effect from September 25, 2014.