finance banks talk development

Finance banks talk development

Speaking to a room full of representatives of financial institutions from across the Asia and Pacific region, Deputy Prime Minister Vu Van Ninh stressed how infrastructure development was one of Viet Nam's three strategic breakthroughs in socio-economic development.
soaring bank provision anticipated for bad debt control

Soaring bank provision anticipated for bad debt control

Loan-loss provisions of local banks are expected to mount up in the upcoming months to reach the goal of driving the banking sector’s bad debt rate to below 3 per cent by the end of year. 
ge expertise technology strengthens vietnams electricity backbone

GE expertise, technology strengthens Vietnam’s electricity backbone

GE’s Digital Energy, part of US-based energy giant General Electric, today announced it successfully upgraded and energised 14 of the 18 series capacitor banks at the Da Nang–Ha Tinh, Phu Lam–Pleiku and, most recently, the Nho Quan–Ha Tinh transmission lines. 
lending rates unable to decrease

Lending rates unable to decrease

It proves a challenging task for banks to further relax lending rates amid the slowing growth in bank deposits and the central bank’s recent adjustment of the exchange rate.
three vietnamese banks among worlds largest companies

Three Vietnamese banks among world's largest companies

Three Vietnamese banks have made their way into this year's Global 2000, a list of the world's largest and most powerful companies selected by US business magazine Forbes.
greenback rates touch ceiling prices in most banks

Greenback rates touch ceiling prices in most banks

The greenback rates in most of the local commercial banks on May 6 touched the ceiling price of VND21,673 per dollar set by the central bank in January.
higher bank stakes for foreigners mulled

Higher bank stakes for foreigners mulled

The Government asked the State Bank of Viet Nam (SBV) and other government agencies to come up with changes to current regulations to promote foreign ownership in Vietnamese commercial banks, said Nguyen Van Nen, Chief of the Government Office at a meeting last Saturday.
ha noi banks achieve half years credit target

Ha Noi banks achieve half year's credit target

Ha Noi-based banks have achieved half the year's credit growth target of 13-15 per cent within the first four months of 2015.
foreign banks begin third wave of investment in vietnam

Foreign banks begin third wave of investment in Vietnam

Foreign banks, especially those from Asia, have been strengthening their investment in Vietnam in recent years.
bank finance firm mergers to pick up speed

Bank, finance firm mergers to pick up speed

The Asia Commercial Bank (ACB) will be the latest bank to join the wave of mergers among commercial banks and finance companies that is expected to become a major trend this year.
us dollar prices keep soaring in local market

US dollar prices keep soaring in local market

Greenback rates kept soaring at domestic commercial banks on April 3, and the gap to the ceiling price set by the State Bank of Viet Nam (SBV) narrowed.
banks to speed up sales of non performing loans

Banks to speed up sales of non-performing loans

Banks plan to speed up the sale of non-performing loans (NPLs) to the Viet Nam Asset Management Company (VAMC) to meet the central bank's deadlines, Voice of Viet Nam reported.
vib receives leading sme trade bank award

VIB receives ‘Leading SME Trade Bank’ award

The Asian Development Bank (ADB) today announced to award the ‘Leading SME Trade Bank” prize to Vietnam International Bank, one of Vietnam’s leading commercial joint stock banks. 
two unlisted vietnamese banks get approval for merger

Two unlisted Vietnamese banks get approval for merger

The State Bank of Vietnam (SBV) has given the green light to a merger between two unlisted joint-stock commercial banks, Maritime Bank and Mekong Development Bank, according to a joint statement released by the two on Monday.
state audit eyes four banks and five securities firms

State Audit eyes four banks and five securities firms

The State Audit Office of Vietnam (SAV) has states its plans to audit four banks and five securities companies this year during a press conference on the State Audit Plan 2015, held on March 20.