state bank exec discusses credit rating system development

State Bank exec discusses credit rating system development

Deputy General director of the State Bank of Vietnam’s Credit Information Centre Nguyen Huu Duong reaffirms the need to implement an effective internal credit rating system to help banks boost lending.
kpmg co organises a seminar on base ii implementation with the state bank

KPMG co-organises a seminar on Base II implementation with the State Bank

KPMP Limited and the State Bank of Vietnam today co-organised the seminar “Basel II Implementation: Experience from commercial banks and view from the Central bank” at Melia Hanoi Hotel.
role reversal as african technology expands in europe

Role reversal as African technology expands in Europe

Africans have long used technology developed abroad, but now a Kenyan cash transfer network which bypasses banks is being adopted in Europe.
unsecured loans still stopped up despite sbv instruction

Unsecured loans still stopped up despite SBV instruction

Getting unsecured loans from banks has proven a headache for firms, despite the State Bank of Vietnam’s recent order that banks develop a corporate credit rating system to make it easier for them to access bank capital.
sbv limits non vnd term deposits to local citizens

SBV limits non-VND term deposits to local citizens

In an effort to tighten management on foreign currency, on August 1 the State Bank of Vietnam issued Circular 16/2014/TT-NHNN regarding the use of current accounts in foreign currency by residents and non-residents at permitted banks and the use of VND current accounts by non-residents and foreign individual residents.
bank profits down on narrow rate margins

Bank profits down on narrow rate margins

Despite complaining about low lending rates, banks have performed strongly in the first six months of this year.
credit rating system needed to spur lending

Credit rating system needed to spur lending

State Bank of Vietnam Deputy Governor Nguyen Phuoc Thanh recently stressed the need for local credit institutions to develop a corporate credit rating system to boost credit growth, but banks need to do better at mitigating their risk to control bad debts.
citi vietnam named best corporateinstitutional internet bank for the third year

Citi Vietnam named Best Corporate/Institutional Internet Bank for the third year

Citi Vietnam has been recognised as “Best Corporate/Institutional Internet Bank in Vietnam by Global Finance magazine’s 2014 World’s Best Internet Banks competition, for the third consecutive year.
crimes at major banks prompt call for oversight

Crimes at major banks prompt call for oversight

Hanoi - The Prime Minister Nguyen Tan Dung told the State Bank of Viet Nam to increase supervision at credit institutions to ensure a safe and sound monetary system.
11 vietnam banks cited among worlds top 1000

11 Vietnam banks cited among world’s top 1,000

The prestigious financial magazine, The Banker, has listed eleven Vietnam banks in its recently published Top World Banks ranking for 2014, affirming the country as a leading financial centre in Southeast Asia.
vietnamese banks struggle to raise capital

Vietnamese banks struggle to raise capital

Vietnam’s small and big banks alike have been trying to raise their registered capital to increase their financial capacity and/or avoid being merged and acquired, but many have failed.
gold loans fall as prices dip

Gold loans fall as prices dip

Hanoi - Gold loans at 10 commercial banks in HCM City stood at 157,317 taels by the end of June, representing an 11 per cent decrease over last June.
banking experts advocate ma drive

Banking experts advocate M&A drive

Cross ownership and excessive ownership has put banks into deep hardship and M&A seems to be the only way out.
commercial banks offer e tax service

Commercial banks offer e-tax service

Hanoi - By the end of this year, account holders at five commercial banks in 18 cities and provinces across Viet Nam will be able to pay their taxes online.
major banks post strong h1 results

Major banks post strong H1 results

Three major Vietnamese joint stock banks have posted or are expected to post strong business results for the first half of 2014.