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Search Results: 837 results for keyword "State Bank of Vietnam".
Abundant liquidity key driver in OMO development
27-07-2015 08:48
During the second quarter of 2015, the State Bank of Vietnam (SBV) withdrew large amounts of funds by issuing bills. At the same time, banks had little demand for borrowing from the SBV, demonstrated by the limited value of reverse repo transactions. Ample banking liquidity, limited issuance in the primary bond market in line with large foreign capital inflows were likely the most important drivers.
Citi seeks approval to set up a subsidiary in Vietnam
08-07-2015 15:18
Citi is expected to receive an in-principle official Letter of Acceptance from State Bank of Vietnam Governor Nguyen Van Binh for the bank’s plans to set up a local subsidiary in Vietnam at a signing ceremony at the US Chamber of Commerce, Washington D.C. on July 8.
Inward remittances show rosy prospects
12-06-2015 18:49
Nguyen Hoang Minh, deputy director of the Ho Chi Minh City branch of the State Bank of Vietnam, shares with VIR’s Thuy Vinh the city’s inward remittance picture during January-May and its growth perspective in 2015.
SBV suspends GP Bank's leaders
27-05-2015 09:18
The State Bank of Vietnam (SBV) announced on May 26 that it recently suspended the rights and obligations of the representatives of Global Petroleum Joint Stock Commercial Bank (GP Bank).
Merging PG Bank with VietinBank will create Vietnam’s 2nd largest lender by assets
16-04-2015 09:21
The Vietnam Joint Stock Commercial Bank for Industry and Trade, better known as VietinBank, on Tuesday got the approval from its shareholders for a merger with Petrolimex Group Bank (PG Bank) in accordance with the overall plan of the State Bank of Vietnam (SBV) unveiled early this year.
US dollar keeps appreciating despite Vietnam cbank’s stabilizing bid
08-04-2015 09:10
The U.S. dollar has kept appreciating against the local currency, the Vietnamese dong, following a trend that started last month despite a recent announcement about a consistent foreign exchange rate policy from the State Bank of Vietnam (SBV).
MHB to merge with BIDV
06-04-2015 16:00
Mekong Housing Bank (MHB) and the Bank for Investment and Development of Vietnam (BIDV) are going to merge soon, according to the guidance of the governor of the State Bank of Vietnam (SBV).
VID Public to become foreign-owned
04-04-2015 09:10
The State Bank of Vietnam (SBV) has in principle given the greenlight to Public Bank Berhad (PBB) to turn VID Public, its joint venture in Vietnam co-owned with the Bank for Investment and Development of Vietnam Joint Stock Companay (BIDV), into a 100 per cent Malaysian-owned bank after acquiring BIDV’s stake.
Two unlisted Vietnamese banks get approval for merger
25-03-2015 17:06
The State Bank of Vietnam (SBV) has given the green light to a merger between two unlisted joint-stock commercial banks, Maritime Bank and Mekong Development Bank, according to a joint statement released by the two on Monday.
Vietnam cbank mulls acquiring GP.Bank, Ocean Bank following construction bank buyout
06-03-2015 14:19
The State Bank of Vietnam (SBV) is considering taking over other loss-making local financial institutions including the unlisted GP.Bank and Ocean Bank, according to Deputy Governor Nguyen Phuoc Thanh.
Sacombank to open subsidiary in Laos
04-03-2015 11:00
The State Bank of Vietnam (SBV) Governor has authorised Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to convert its branch in Laos into a separate, 100 per cent owned bank named Lao-Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank Lao).
Local authorities check on HSBC’s secret Swiss accounts
13-02-2015 13:54
Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.
HCMC banks ensure liquidity for Tet
13-02-2015 10:44
Deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh shares insights with VIR’s Thuy Vinh about the liquidity situation of city-based banks in the period preceding the Lunar New Year as well as the area’s bolstered demand for credit.
70pct inward remittances channeled into production: cbank
09-02-2015 09:30
Vietnam received about US$12 billion worth of inward remittances last year, most of which has been invested in production and business activities, according to the State Bank of Vietnam at a recent conference in Ho Chi Minh City.
Vietnam cbank floats $2.3bn for new credit package to stir realty market
07-02-2015 09:50
The State Bank of Vietnam (SBV) has submitted to the government a plan to set aside VND50 trillion (US$2.3 billion) to support the commercial condo segment by enabling local banks to offer local homebuyers long-term lending at preferential rates, Deputy Minister of Construction Nguyen Tran Nam has told Tuoi Tre (Youth) newspaper.
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