Moody's: Vietnam's credit profile reflects robust growth

Moody's: Vietnam's credit profile reflects robust growth

Moody's said that the Vietnamese government’s B1 positive credit profile reflects the economy’s robust growth, supported by increasing competitiveness
Commercial banks boost retail banking segment by adjusting service fees

Commercial banks boost retail banking segment by adjusting service fees

Commercial banks have adjusted their service fees to individual customers since beginning of the year in order to focus on the retail segment.
Banking on a better future

Banking on a better future

One of the leading foreign bankers in Vietnam, Louis Taylor, chief executive officer of Standard Chartered Bank Vietnam, tells VIR’s Hanh Trang about his expectations for the country’s macroeconomy and its banking system in 2013.
State powerhouses toasting a profitable 2012  to report profit for 2012

State powerhouses toasting a profitable 2012 to report profit for 2012

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

Nation facing up to a steep banking curve

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

The bulls set to trample the bears

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

Banks’ NPLs still an elephant in the room

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

Foreign banks eye up NPL impasse

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

Bank restructuring a work in progress

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

Moving on track to keep banks in good health

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

Luxembourg offers path to success

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

Restructuring of banks is an urgent task for Vietnam

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

S&P downgrade rocks local banking industry

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

State Bank to focus on security, liquidity

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

Bright signs amid a dark picture

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.
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