sbv determined to enact bad debt decree

SBV determined to enact bad debt decree

The State Bank of Vietnam has confirmed it will not delay the implementation of Circular 02/2013/TT-NHNN on the classification of debts slated to take effect on June 1, though banks have warned the move might create a domino-chain collapse of the banking system.
intrigue surrounds agribanks sale of ajc

Intrigue surrounds Agribank’s sale of AJC

Agribank’s attempt to divest from Agribank Gold Corporation has attracted interest and controversy as the latter seeks to resist the deal and confusion remains over Agribank’s motives.
banking discussions focus on bad debts foreign ownership

Banking discussions focus on bad debts, foreign ownership

Industry experts are considering how to ensure stability with sustainability of the banking sector.
sbv efforts may stop dollar lending ahead of schedule

SBV efforts may stop dollar lending ahead of schedule

The government’s anti-dolarisation plan will stop financial institutions from lending in foreign currencies by 2020. Dollar lending specifically may end even earlier following moves by the central bank.
npl bargain hunt starts

NPL bargain hunt starts

Vietnam’s non-performing loans (NPL) seem to be magnetic to foreign financial groups.
experts foresee increasing bank mas

Experts foresee increasing bank M&As

Experts are adamant that banking sector restructuring via mergers and acquisitions will be increasingly popular in the coming time.
bank rate review

Bank rate review

As bank credit is showing signs of falling, many banks are trying to lure depositors with higher than regulated interest rates.
vamc embraces first bad debt evaluation

VAMC embraces first bad debt evaluation

State-owned Vietnam Asset Management Company (VAMC), launched in late July to clean up banks’ bad debts, is considering buying up the first non-performing loans (NPLs) from four banks burdened by high bad debt rates and which are obliged to sell NPLs to VAMC.
experts shine light on bank rate controversy

Experts shine light on bank rate controversy

Banks’ lending rates are unlikely to fall and the government needs to keep a tight hold on the ceiling deposit interest rate say Vietnamese economic experts.
seeking the right pathway for physical gold trade

Seeking the right pathway for physical gold trade

Economic experts are mulling over measures to bring gold bullion market into shape.
foreign eyes look for local banking opportunities

Foreign eyes look for local banking opportunities

Foreign investors are looking for room to grow in the banking sector.
market gets its head around banks move

Market gets its head around banks’ move

The dust is settling as banks get ready to close their gold positions.
fx waves cause ripples

FX waves cause ripples

Experts are getting their heads around recent exchange rate volatility.
landmark vote on how officials measure up

Landmark vote on how officials measure up

National Assembly deputies today cast confidence votes on the performance of 47 top officials. Ho Chi Minh City deputy and Vietnam Bar Federation deputy chairman Truong Trong Nghia provides VIR with some sharp insight.
lending rates remain stubborn

Lending rates remain stubborn

Joint stock banks’ lending rates have yet to be relaxed a week after the State Bank’s base interest rate cut.