State powerhouses toasting a profitable 2012 to report profit for 2012
January 22, 2013 | 10:20
Giant state-owned commercial banks including BIDV, VietinBank and VietcomBank all reported slight increase in profit for 2012.
Nation facing up to a steep banking curve
December 04, 2012 | 10:20
Vietnam last week hosted the East Asia Conference for Financial Stability for the first time. On the sidelines of the conference, the National Financial Supervisory Commission chairman Vu Viet Ngoan shared his viewpoint about Vietnam’s financial system compared to those of the wider world.
The bulls set to trample the bears
October 29, 2012 | 15:31
Dao The Vinh is very busy these days. His company, Golden Gate, is currently operating 39 Japanese restaurants of three food styles in Vietnam, and he expects the total to be 44 by the end of this year.
Banks’ NPLs still an elephant in the room
October 23, 2012 | 09:02
The banking system’s accumulation of bad debt and the transparency of inspection results of credit institutions have become a hot topic of discussion. Truong Ngoc Anh, chief of the Secretariat of the Banking Supervisory Agency, shares his views with VIR’s Nguyen Trang.
Foreign banks eye up NPL impasse
October 23, 2012 | 08:37
In discussions with some foreign partners, I see they are very interested in Vietnam as it has hidden attractiveness.
Bank restructuring a work in progress
May 28, 2012 | 09:20
Some banks that have huge losses, large bad debts, poor liquidity and cannot meet the State Bank’s restructuring criteria should let go.
Moving on track to keep banks in good health
December 12, 2011 | 09:51
Inflation has to be stable, even in a range of 8-9 per cent, so people can live with it, and this has to be achieved.
Luxembourg offers path to success
November 15, 2011 | 17:15
Luxembourg, a gateway to the European market with 500 million plus consumers, has a high performing, world class financial sector with its investment fund industry ranked second in the world and its private banking sector seventh.
Restructuring of banks is an urgent task for Vietnam
November 14, 2011 | 06:30
Vietnam’s banking sector is being squeezed by a perfect storm of hostile market conditions. Dr. Andreas Stoffers, board member of German Business Association Vietnam (GBA) writes that the industry must undertake urgent restructuring if it is to keep its head above troubled waters.
S&P downgrade rocks local banking industry
November 14, 2011 | 05:37
Standard & Poor’s downgrade of Vietnam’s banking industry last week has received sideways glances from leading economists in the country.
State Bank to focus on security, liquidity
October 20, 2011 | 15:39
The State Bank of Vietnam will continue to closely monitor the monetary market and the banking sector to discover violations and help banks deal with liquidity-related problems, the bank said.
Bright signs amid a dark picture
September 12, 2011 | 08:00
National Financial Supervisory Committee vice chairman Dr. Le Xuan Nghia is upbeat about the government’s monetary policy to curb inflation and stabilise exchange rates.
State Bank chief has full plate
August 29, 2011 | 10:00
Reducing Vietnam’s lending interest rate, stabilising the VND/USD exchange rate and consolidating the bulky system of credit institutions are all high on newly-elected State Bank Governor Nguyen Van Binh’s agenda.
Official: Vietnam urged to restructure its banking system
August 02, 2011 | 08:42
Vietnam is in desperate need to restructure its banking system in order to heighten its financial security, an official has urged.
Market set for flood of greenback
June 06, 2011 | 09:30
The supply of dollars on the local market is set for a sharp increase as the government makes a bid to further stabilise the forex market.
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