banks still attractive despite low deposit rates

Banks still attractive despite low deposit rates

The latest figures from the State Bank of Vietnam’s Monetary Policy Department show that as of April 22, total bank deposits had risen 3.09 per cent against the beginning of this year, with dong deposits rising 4.26 per cent but with US dollars down 3.98 per cent.
390 million invested in local infrastructure development

$390 million invested in local infrastructure development

The State Bank of Vietnam and the World Bank (WB) inked documents in Ha Noi on April 24 on a credit package of US$390 million for three projects to develop infrastructure, agriculture and livelihood in disadvantaged provinces and improve the social support system in Viet Nam.
the state bank of vietnam and deloitte vietnam jointly held fatca conference

The State Bank of Vietnam and Deloitte Vietnam jointly held FATCA conference

A conference for updates on the Foreign Account Tax Compliance Act (FATCA), jointly held by the State Bank of Vietnam (SBV) and Deloitte Vietnam and attracting representatives from more than 130 credit institutions and foreign banks’ branches, took place in Hanoi last Friday.
oda projects badly need reciprocal capital

ODA projects badly need reciprocal capital

At a recent meeting between the ministries of transport and finance as well as the State Bank of Vietnam and Government Office, seven urgent transport projects funded by official development assistance will see capital injections totalling VND2-2.5 trillion ($95-$119 million) in 2014’s first round of advancing reciprocal capital for projects, probably soon after April 30.
travelers banned from bringing gold in out of vietnam

Travelers banned from bringing gold in, out of Vietnam

The State Bank of Vietnam issued Circular 11 banning Vietnamese and foreigners from taking gold bars and raw gold in and out of the country.
high npl limits rate reductions support

High NPL limits rate reduction's support

The State Bank of Vietnam (SBV) yesterday announced to cut deposit rates and refinancing rate in order to spur the credit growth, but this action is likely to have little effect. Eugenia Fabon Victorino, economist of ANZ Banking in Asia Pacific, discusses with VIR’s Ngoc Linh.
vietnam interest rates continue to fall

Vietnam interest rates continue to fall

The State Bank of Vietnam (SBV) announced it would cut the refinancing rate from 7 per cent to 6.5 per cent, effective on March 18.
sbv plans to remove deposit rate cap

SBV plans to remove deposit rate cap

The State Bank of Vietnam (SBV) has revealed its plan to cut deposit interest rates and asked its asset managment arm to buy more bad debts from the local banking system.
nec awarded infrastructure project by state bank of vietnam

NEC awarded infrastructure project by State Bank of Vietnam

Today, NEC Asia Pacific, a leading infocomm technology provider, together with MITEC JSC, a Vietnam solutions provider, has been awarded the contract “Procurement of Servers, Middleware and Database for the State Bank of Vietnam” by the State Bank of Vietnam (SBV).
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.
nearly vnd759 billion disbursed in housing loans

Nearly VND759 billion disbursed in housing loans

The State Bank of Vietnam (SBV) on January 14 announced that the banking system had disbursed VND758.7 billion (US$35.626 million) of the VND30 trillion housing support package to 1,765 customers as of December 31, 2013.
commercial banks to find forex profit routes

Commercial banks to find forex profit routes

Despite commercial banks having faced difficulties in profiteering from forex trading activities in recent years due to the State Bank of Vietnam’s commitment to maintain a stable exchange rate, experts claim options are still available for investment in the market.
gso expert evaluates remittance success

GSO expert evaluates remittance success

In the latest forecast from the State Bank of Vietnam (SBV), remittances into the country are likely to hit $11 billion this year, rising healthily against $9.75 billion last year. This would bring total remittances for the last 20 years to $84 billion.
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.
adb funds infrastructure projects in vietnam

ADB funds infrastructure projects in Vietnam

The State Bank of Vietnam and the Asian Development Bank (ADB) on October 16 inked loan and non-refundable contracts valuing at 624 million USD for two infrastructure projects in the Mekong Delta and Central Highlands regions.