hdbank to raise charter capital

HDBank to raise charter capital

HDBank is preparing to issue 145 million stocks to raise its chartered capital.
hsbc opens doors

HSBC opens doors

HSBC Bank (Vietnam) Ltd., has opened its fourth branch in Danang City, a week after opening its third branch in Can Tho.
frozen loans to be thawed

Frozen loans to be thawed

Last week’s eagerly awaited adjustment of banking safety ratios is expected to create more room for local banks to provide loans.
devaluation is seen as benign

Devaluation is seen as benign

Vietnam faces no short-term, sharp risks from its currency’s recent devaluation.

LTE a bridge too far for Vietnam

Vietnam may not grant licences for any new 4G netwok within the next two years while it waits for the technology to mature.
safety ratios a big mountain to climb

Safety ratios a big mountain to climb

Local banks will take at least three months to meet new safety requirement ratios. Circular 13/2010/TT-NHNN issued in May on credit institutions’ safety ratios replaces Decision 457/2005/QD-NHNN and will take effect from October 1.
banks in a tight race to clear big chartered capital hurdle

Banks in a tight race to clear big chartered capital hurdle

Locally incorporated foreign banks are racing to raise chartered capital to meet a pressing deadline.
loosened monetary policy bankrolls credits

Loosened monetary policy bankrolls credits

The State Bank has started loosening its monetary policy through pumping capital into commercial banks to muscle-up export and rural area credits.
bad loan fears see local banks start to get cold feet

Bad loan fears see local banks start to get cold feet

As domestic debtors struggle to repay their loans at maturity, local banks have begun freezing new loans due to large-scale non-performing loan risks.
foreign powerhouses poised for local ma

Foreign powerhouses poised for local M&A

Foreign institutions are hunting merger and acquisition opportunities in Vietnamese securities companies and banks.
heat taken out of dollar trades

Heat taken out of dollar trades

Greenback speculation on the black market has cooled following the State Bank’s strong messages to the public and large-scale selling to local commercial banks.
finland takes a massive stride closer to vietnam

Finland takes a massive stride closer to Vietnam

The first state by a Finnish president, which wrapped up last week, is set to provide economic windfalls for both sides after a series of cooperation agreements were signed.
expanded forex trading band fires up the dong

Expanded forex trading band fires up the dong

The Vietnamese dong is appreciating against the US dollar after the State Bank expanded the forex trading band last week. The central bank expanded the band by +0.25 per cent to +0.75 per cent from December 24, a year after conducting similar increases.
state salaries excite banks

State salaries excite banks

Banks are in a hectic race to attract new customers following a move to pay state workers’ salaries directly into bank accounts. Prime Minister Nguyen Tan Dung wants to fight corruption, reduce cash payments and improve system efficiency with Directive 20/2007/CT-TTg issued on August 24.

Foreign currency reserves at record high

Vietnam has seen record increases in foreign currency reserves in the first half of 2007, due to rising indirect investment in the stock market and a stabilised domestic exchange rate.