Credit institutions asked to tighten loans in “overheating” sectors: SBV

Credit institutions asked to tighten loans in “overheating” sectors: SBV

The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
Firms advised to use derivative tools to minimise forex risks

Firms advised to use derivative tools to minimise forex risks

Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
Gov’t urged to help local banks lure foreign capital

Gov’t urged to help local banks lure foreign capital

The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
Gov’t aims to encourage MA in banking sector

Gov’t aims to encourage MA in banking sector

The Government plans not to license any more wholly foreign-owned banks in Viet Nam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.
Foreign banks gear up to expand networks in Vietnam

Foreign banks gear up to expand networks in Vietnam

In the last two years, Vietnam saw many foreign finance institutions leaving Vietnam or scaling down their investment.
Excess loans to be permitted beginning May 1

Excess loans to be permitted beginning May 1

Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
ANZ’s true value as market leader

ANZ’s true value as market leader

While Vietnam’s domestic banking sector faces a challenging time, ANZ Vietnam is seeking to use its stature as a foreign bank with a rich history to strengthen its leading position in Vietnam’s market. Tareq Muhmood, chief executive officer of ANZ Vietnam, shares his views with VIR’s Ngoc Linh.
Property’s foreign SOS

Property’s foreign SOS

Debate over a proposal to allow foreign credit institutions in Vietnam to back real estate mortgages is intensifying.
Taking aim at banks’ credit growth

Taking aim at banks’ credit growth

Industry insiders are attacking foreign banks’ credit growth in 2012.
Credit limit reshuffled

Credit limit reshuffled

The State Bank is to offer foreign bankers a much needed carrot next year when it recalibrates lending limits to torpedo a one-size-fits-all policy.
Foreign banks continue flying high

Foreign banks continue flying high

HSBC Vietnam is on the money.
Banks in a tight race to clear big chartered capital hurdle

Banks in a tight race to clear big chartered capital hurdle

Locally incorporated foreign banks are racing to raise chartered capital to meet a pressing deadline.
Foreign banks banking on reforms

Foreign banks banking on reforms

In December each year, the central bank hosts an end-of-year meeting with the foreign banking community in Vietnam. However, despite the upbeat meeting some foreign banks and credit institutions will look back on 2003 with mixed feelings. Thuy Dung reports.
Foreign banks get fairer deal

Foreign banks get fairer deal

Foreign banks can now mobilise capital in dong to a limit of 50 per cent of their registered capital.Deputy governor Tran Minh Tuan last week signed Decision No.1084 to allow the new limit after many requests from foreign banks.