the lost land of the muong

The lost land of the Muong

Leaving Ngoi Village, a beautiful and pristine village on the banks of Hoa Binh Lake, we were eager to discover Lung Van.
four banks ink deal to finance vinh tan 4 thermoelectric plant

Four banks ink deal to finance Vĩnh Tân 4 thermoelectric plant

Four commercial banks inked a deal here on Thursday to provide VND5.4 trillion (US$23.75 million) in credit for the expanded Vinh Tan 4 thermoelectric project.
banks given higher credit limits

Banks given higher credit limits

The State Bank of Viet Nam (SBV) has approved the extension of credit growth limits for many commercial banks to support the country’s economic growth.
tax on income from bank savings proposed

Tax on income from bank savings proposed

The latest proposal to tax an individual’s income from the interest accrued from the savings deposited in banks has become a bone of contention between the parties concerned.
five banks to pilot 247 tax payment scheme shortly

Five banks to pilot 24/7 tax payment scheme shortly

Five commercial banks have been selected to pilot a 24/7 e-tax payment scheme from November this year.
sbv issues new regulations

SBV issues new regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Viet Nam (SBV), require credit institutions and commercial banks in Viet Nam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.
banks cool but vn index hits new peak

Banks cool but VN-Index hits new peak

Bank stocks cooled down on Wednesday but the benchmark VN-Index still hit a new 10-year peak at 802.78 points, equivalent to an increase of 0.36 per cent over the previous session.
chinese banks halt transactions for north koreans

Chinese banks halt transactions for North Koreans

BEIJING: Branches of China's biggest banks have suspended financial transactions for North Koreans, employees told AFP, suggesting that Beijing has pursued stronger measures against its nuclear-armed ally than previously thought.
bankscapital adequacy in danger of plunging

Banks’capital adequacy in danger of plunging

State Bank of Việt Nam statistics show that the average capital adequacy ratio (CAR) of the banking sector has been consistently falling since the beginning of this year. 
fintech revolution changes playing field

Fintech revolution changes playing field

Vietnam is a potential market for the financial technology (fintech) industry as it seems that the close cooperation between fintech enterprises and banks will accelerate the growth of financial services in Vietnam, thereby bringing significant benefits to clients.
casino business commercial banks allowed to provide services

Casino business: Commercial banks allowed to provide services

Commercial banks will be allowed to trade and provide foreign exchange services related to the casino business from next month.
sbv focus on bank cross ownership

SBV focus on bank cross-ownership

Cross-ownership in Vietnamese banks will be controlled with stringent new regulations.
new collateral rules good for vn banks moodys

New collateral rules good for VN banks: Moody’s

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note on Monday.
sbv puts forward new regulation to do away with weak banks

SBV puts forward new regulation to do away with weak banks

If approved, the new regulation will force weak credit institutions to be acquired by stronger competitors assigned by the State Bank of Vietnam (SBV), and letting those who fail to recover to face bankruptcy.
ifrs 9 is not on radar for local banks

IFRS 9 is not on radar for local banks

The introduction of International Financial Reporting Standards (IFRS) 9, effective from January 1, 2018, marks one of the most significant accounting changes that banks are facing today.