vn shares continue to rally this morning

VN shares continue to rally this morning

Vietnamese shares rose slightly this morning as the financial sector with banks, brokers and insurers pushed the market higher.
sbv reduces control of 3 banks

SBV reduces control of 3 banks

The State Bank of Viet Nam (SBV) is reducing special control on three banks that it acquired with zero dong thanks to the banks' improving liquidity and business performance.
new credit regulations tough on vietnamese banks

New credit regulations tough on Vietnamese banks

A key measure of a bank’s strength is its capital adequacy ratio. Over the last two years, the Basel Committee on Banking Supervision (BCBS), the international standard in the field of banking regulation, has been working towards a revised approach to the denominator of the capital ratio – a bank’s Risk Weighted Assets (RWAs).
important documents regulating bank guarantee

Important documents regulating bank guarantee

On 25 June 2015, the State Bank of Vietnam issued Circular No. 07/2015/TT-NHNN on bank guarantee which is considered as one of the most important documents regulating bank guarantee applied to domestic credit organizations, branches of foreign banks for foreign customers. The Circular is to replace the previous one, namely Circular No. 28/2012/TT-NHNN on 03 October 2012 issued by the State Bank of Vietnam on bank guarantee.
dollar rates cut as us rates remain unchanged

Dollar rates cut as US rates remain unchanged

The dollar–dong exchange rates eased this morning at domestic commercial banks, following a decision by the United States Federal Reserve (Fed) to keep its interest rates steady.
changes reported in banks charter capital

Changes reported in banks' charter capital

The total charter capital of the country's 12 smallest commercial banks by the end of the second quarter was worth only VND37.694 trillion (US$1.675 billion).
changes reported in banks charter capital

Changes reported in banks' charter capital

The total charter capital of the country's 12 smallest commercial banks by the end of the second quarter was worth only VND37.694 trillion (US$1.675 billion).
vinachem signs deal for salt mine project

Vinachem signs deal for salt mine project

Three Vietnamese banks have signed a US$417 million agreement for the Viet Nam Chemical Group that is developing a salt mine project in Laos.
banks cut non performing loans

Banks cut non-performing loans

The banking industry will meet the State Bank of Viet Nam's target to reduce non-performing loans (NPLs) to 3 per cent or less by the end of this month.
foreigners can buy sell houses only through banks central bank

Foreigners can buy, sell houses only through banks: central bank

Foreigners buying or selling houses in Viet Nam are required to carry out the transactions through banks in Viet Nam and not in cash, the central bank has decreed.
vn index rises for second day led by banks

VN-Index rises for second day, led by banks

The rise of banks continued to prop up the market this morning, but low liquidity continued to worry investors.
banks face tough balancing act

Banks face tough balancing act

Credit this year has grown robustly and might surpass the 15-17 per cent annual target, however, commercial banks will find it difficult to balance lending and deposit sources, according to experts.
asean banks to accelerate branch presence in viet nam

ASEAN banks to accelerate branch presence in Viet Nam

The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments.
five more banks to guarantee property investors

Five more banks to guarantee property investors

The State Bank of Viet Nam named five more banks on August 27 that qualify for guaranteeing property investors, following issuance of regulations on the realty trading law.
central bank assurance calms forex market

Central bank assurance calms forex market

After hovering at the ceiling rate set by the State Bank of Viet Nam for three days, the dollar pulled back a little on Thursday after the central bank promised no more devaluation is in the offing, with almost all banks reducing their selling rate by VND25-35.