two foreign banks to open viet nam branches

Two foreign banks to open Viet Nam branches

State Bank of Viet Nam Governor Nguyen Van Binh has approved the opening of branches by two foreign banks in Viet Nam.
banks vie over consumer loans towards year end

Banks vie over consumer loans towards year-end

As 2014 comes to a close, domestic and foreign-owned banks in Vietnam are in a fierce competition for a slice of the personal loans market.
dollar rates soar in the market

Dollar rates soar in the market

The selling rate of the dollar at Technological and Commercial Joint Stock Bank (Techcombank) was VND21,430 on December 15, the highest among commercial banks.
breaking impasse in tackling bad debts

Breaking impasse in tackling bad debts

There is widespread belief that state-owned bad debt buyer Vietnam Asset Management Company (VAMC) needs to quicken the sale of bad debts it has bought from banks. Member of National Assembly Economic Committee Tran Du Lich shares his view on what obstructions VAMC has faced in its efforts to resolve bad debts.
eu may scrap bank reform plans

EU may scrap bank reform plans

A plan for tough rules for European Union banks to separate risky trading from core operations may be shelved if member states continue to show reluctance, according to a letter from the EU's new financial services commissioner, Jonathan Hill.
vietnamese banks it gurus get awards

Vietnamese banks, IT gurus get awards

On December 2 the Vietnam Outstanding Banking Awards and CSO/CIO Awards selected four outstanding banks and three commendable IT professionals in the banking sector.
new circular targets safer growth for banks sbv

New circular targets safer growth for banks: SBV

State Bank of Viet Nam Deputy Governor Nguyen Thi Hong has affirmed the need for Circular 36, saying the regulations would help the Vietnamese banking sector develop more safely.
measures to prop up real estate market

Measures to prop-up real estate market

Leading economists say it is essential to have a separate financial system that is not run by State-owned banks to insure lending is based on merit, reduce the risk of a banking liquidity crisis and to better manage the country’s foreign exchange position.
banks pushing preferential rates to boost year end credit growth

Banks pushing preferential rates to boost year-end credit growth

Banks are rolling out attractive credit packages to woo customers as capital demands are rocketing toward the holiday season.
city remittances hit 44b

City remittances hit $4.4b

Overseas Vietnamese's remittances via commercial banks and economic organisations in HCM City in the first 11 months of the year was estimated at US$4.4 billion, according to the HCM City branch of the State bank of Viet Nam (SBV).
bad debts set to surge as year draws to a close

Bad debts set to surge as year draws to a close

The year’s later months have proven a challenging time for banks, with bad debts rising sharply.
soaring dollar lending rescues credit growth

Soaring dollar lending rescues credit growth

A fast rise in dollar lending has bolstered banks credit growth and is expected to continue through year-end.
foreign banks support sovereign bond issue

Foreign banks support sovereign bond issue

HSBC, Standard Chartered and Deutsche Bank acted as the joint book runners and dealers for Vietnam’s most recent international bond issue this month.
vamc needs more power funding

VAMC needs more power, funding

The Viet Nam Asset Management Company (VAMC), set up to buy and sell bad debts from commercial banks, needs to be given greater autonomy as part of efforts to revive the property market, experts say.
bidv metlife link up for joint venture

BIDV, MetLife link up for joint venture

One of Vietnam’s largest banks, BIDV, and global life insurance provider, MetLife, partner together to re-energise the life insurance industry in Vietnam