banks only cut rates for selected borrowers

Banks only cut rates for selected borrowers

Commercial banks this week have begun to cut lending interest rates on existing loans to 15 per cent as ordered by the State Bank of Vietnam, but their regulation implementations are quite different.
sbv to ease banking system crisis

SBV to ease banking system crisis

An official from the State Bank of Vietnam said that they will not need VND100 trillion ($4.8 billion) to deal with the bad debts at local banks.
govt selects sjc brand for gold bullion

Gov’t selects SJC brand for gold bullion

Le Minh Hung, deputy governor of State Bank of Vietnam, yesterday replied to questions at a press conference regarding concerns as to which gold brand will be selected as a state brand, with many consumers still holding gold bullion of different brand names.
sbv disapproves atm service fees

SBV disapproves ATM service fees

The State Bank of Vietnam (SBV) has asked commercial banks to refrain from charging customers for ATM transactions within their respective bank’s ATM network and from adjusting the fees for ATM transations outside their network.
hard times low margins weigh on bank profits

Hard times, low margins weigh on bank profits

Total net profits in the banking industry last year increased by 15.1 per cent over 2010, a rate lower than that of the preceding several years, the State Bank of Vietnam announced on Wednesday.
lower interest rates boost real estate market

Lower interest rates boost real estate market

Since the State Bank of Vietnam started to lower the interest rate early this year, many banks have also lowered their lending rates, fueling the real estate market.
sbv approves habubank and shb merger

SBV approves Habubank and SHB merger

The State Bank of Vietnam (SBV) on June 15 approved in principle a plan to merge the Hanoi Building Commercial Joint Stock Bank (Habubank, or HBB) and the Saigon-Hanoi Commercial Joint Stock Bank (SHB).
state bank lowers cap on interest rate by 2 per cent

State Bank lowers cap on interest rate by 2 per cent

Governor of State Bank of Vietnam Nguyen Van Binh said Thursday that cap on interest rate would be lowered to 9 per cent from the current 11 per cent next week.
sbv paves way for more use of plastic money

SBV paves way for more use of plastic money

The State Bank of Vietnam (SBV) will complete all related legal frameworks for the use of plastic money-credit and debit cards, as well as other forms of electronic payment in 2012.
state bank prepares regulations on bank restructuring

State Bank prepares regulations on bank restructuring

State Bank of Vietnam Governor Nguyen Van Binh will announce this month new rules governing the restructuring of the banking sector.
vnd to be stable more rate cuts expected says jpmorgan

VND to be stable; more rate cuts expected, says JPMorgan

The USD/VND exchange rate will be stable this year and the State Bank of Vietnam (SBV) will likely cut policy rates by another 2-3 per cent in the next quarter on expected Q3 inflation of 5 per cent and full-year figure at 6-8 per cent, said JPMorgan Chase.
interest rates likely to drop to 9 per cent sbv

Interest rates likely to drop to 9 per cent: SBV

bad debt plagues financial sector

Bad debt plagues financial sector

While the State Bank of Vietnam (SBV) has claimed the country’s ratio of bad debts increased to 3.6 per cent by the middle of April, other studies claim the figure could be three to four times higher.
vietnam to cut rates in two weeks hsbc

Vietnam to cut rates in two weeks: HSBC

deposit interest rates may fall to 9 per cent by year end

Deposit interest rates may fall to 9 per cent by year-end

Deposit interest rates offered by commercial banks are likely to come down to between 9 and 10 per cent per annum by the end of this year, said Nguyen Van Binh, governor of the State Bank of Vietnam.