overseas remittances likely to hit us 11 billion

Overseas remittances likely to hit US$11 billion

Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion.
disney explores own history in magical filmmaking tale

Disney explores own history in magical filmmaking tale

Disney delves into its own history in "Saving Mr. Banks", a movie about the difficult birth of the classic film "Mary Poppins", wrenched from a tale by a reluctant British author.
brand manager shake ups critical to reforming bad banks

Brand, manager shake ups critical to reforming bad banks

Vietnam is seeing an increasing trend of banks changing their brand identity and/or managers to bolster efficiency.
allowed listing of banks looks to be a complex but opportunity charged challenge

Allowed listing of banks looks to be a complex but opportunity-charged challenge

Efforts are underway to ensure the healthy performance of banks.
banks scrambling to rectify bad debts

Banks scrambling to rectify bad debts

After offloading part of their bad debts to the state-owned Vietnam Asset Management Company, banks are scaling up efforts to keep bad debts at manageable levels.
coffee firm leaves banks with bags of bitter debt

Coffee firm leaves banks with bags of bitter debt

Banks are being questioned over the quality of the credit checks after it was revealed that the Truong Ngan Company owed debts to seven different banks while using the same collateral.
nghi son still faces hardship

Nghi Son still faces hardship

Despite having completed their financial arrangements with banks, investors in the $9 billion Nghi Son oil refinery and petrochemical complex in the central province of Thanh Hoa have been tied up in legal paperwork, delaying implementation of the giant project.
foreign partners ditch local banks

Foreign partners ditch local banks

While most banks are scaling up efforts to attract foreign strategic partners to bolster their strength, the market has also seen several foreign entities break up with their local partners.
thermal power project warms up

Thermal power project warms up

npls rein in bank profitability

NPLs rein in bank profitability

Many commercial banks might not hit their annual profit targets for the second year running due to low credit growth and the prevailing high levels of non-performing loans.
banks stand fast on quality of credit

Banks stand fast on quality of credit

Banks are holding firm on their decision not to lend to unreliable creditors despite modest credit growth and the year coming to a close.
sbv pushes on with bank restructuring

SBV pushes on with bank restructuring

The Governor of the State Bank of Vietnam, Nguyen Van Binh, has reported to the NA on the restructuring process for weak banks in Vietnam.
credit promotion proves hard

Credit promotion proves hard

Banks are finding it difficult to achieve credit growth targets this year despite strenuous efforts to meet their goals.
bank blips stunt credit growth

Bank blips stunt credit growth

Experts have forecast lower-than-expected credit growth for 2013 amid mixed results reported by the nation's commercial banks.
city receives flood of remittances

City receives flood of remittances

Inward remittances via HCM City banks topped US$3.7 billion in the first 10 months of the year, and are expected to reach $4.8 billion this year, according to the State Bank of Viet Nam's HCM City branch.