banks sell non performing loans to reduce bad debt

Banks sell non-performing loans to reduce bad debt

Commercial banks offloaded a large volume of non-performing loans (NPLs) to the Viet Nam Asset Management Company (VAMC) in 2015 to reduce the bad debt rate to below 3 per cent.
new branches risky for local banks

New branches risky for local banks

Many banks have recently opened numerous branches and transaction offices, causing concerns about safety for the banks and unhealthy competition within the banking system.
less risks wont harm property market sbv

Less risks won't harm property market: SBV

The amendments to Circular No 36 are meant to urge commercial banks to strengthen the risk management of lending activities, rather than tighten the credit sources for the real estate sector, said Pham Huyen Anh, Deputy Chief Inspector of the State Bank of Viet Nam
adb signs 100m deal with more vietnamese banks

ADB signs $100m deal with more Vietnamese banks

Asian Development Bank (ADB), Ho Chi Minh City Development Bank (HDBank), and Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB), signed mutually beneficial agreements on March 2.
vn stocks rise for second day

VN stocks rise for second day

Vietnameses shares extended gains on both local exchanges for a second day yesterday, led by financial firms such as banks and insurance companies.
banks suffered foreign exchange losses in 2015

Banks suffered foreign exchange losses in 2015

Many banks suffered losses in the foreign exchange market last year, according to their latest financial reports.
sbv asked to keep lending limits

SBV asked to keep lending limits

The HCM City Real Estate Association (HOREA) has proposed the State Bank of Viet Nam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions, including branches of foreign banks not be changed at the moment.
unravelling cross ownership in the vietnamese banking system

Unravelling cross ownership in the Vietnamese banking system

The issue of cross ownership has hindered Vietnam’s banking industry over the last ten years, causing damage to and threatening the stability of the local banking system. In spite of vigorous efforts by the State Bank of Vietnam (SBV) to deal with the issue and efforts by certain banks to reduce cross ownership to a level congruent with law, cross ownership continues to pose a serious threat to the Vietnamese banking system. Banking expert Nguyen Tri Hieu comments.
small borrowers fear interest rate hike

Small borrowers fear interest rate hike

Individuals as well as small and medium-sized enterprise are apprehensive loan interest rates could rise since banks have kept hiking deposit interest rate since the end of last year.
banks offering post tet holiday promotions to attract depositors

Banks offering post-Tet holiday promotions to attract depositors

Local commercial banks are offering diversified promotion programmes to attract depositors at first working days after Tet (Lunar New Year).
new lending rules to help banks moodys

New lending rules to help banks: Moody's

The State Bank of Viet Nam (SBV)'s recent proposals on tightening lending rules would benefit local banks, the rating agency Moody's said on Monday.
atms must be stocked for tet holiday state bank

ATMs must be stocked for Tet holiday: State bank

The State Bank of Viet Nam has told commercial banks to accord top priority to supplying cash at automatic telling machines (ATMs) during the Tet (Lunar New Year) holiday.
vietnam stocks down led by banks

Vietnam stocks down, led by banks

Vietnamese shares retreated yesterday from Friday gains on both local markets as fears that the Vietnamese dong may weaker hurt financial firms.
banks offer money transfer promos

Banks offer money transfer promos

Commercial banks have put on many promotional programmes for their money transfer services leading up to Tet (Lunar New Year) holiday.
us dollar rate cut to three month low at vnd22320 to vnd22390

US dollar rate cut to three-month low at VND22,320 to VND22,390

Commercial banks cut the exchange rate of the United States (US) dollar against the dong by VND30 to VND40, bringing it to its lowest level in the past three months.