Gov’t announces solutions for socio-economic development in 2013

Gov’t announces solutions for socio-economic development in 2013 2

The Government has just issued its first resolution in 2013 defining major solutions to realize the socio-economic development and budget estimate plan for 2013.
Interest rates adjusted down

Interest rates adjusted down

The State Bank late last week cut down its base and benchmark interest rates, allowing commercial banks to further slash lending rates this week.
Nation needs to remain vigilant

Nation needs to remain vigilant

On the eve of this week’s Consultative Group (CG) meeting for Vietnam, Sanjay Kalra, Vietnam resident representative of the International Monetary Fund (IMF), talked to VIR’s Thanh Tung about what Vietnam’s government should do to chart a better course through the economic turbulence.
Retail banking at the crossroads

Retail banking at the crossroads

Dr. Andreas Stoffers, a German retail banker with considerable experience in Vietnam’s banking sector, analyses the challenges and prospects for undertaking retail banking in Vietnam.
Running to tackle NPLs head on

Running to tackle NPLs head on

The State Bank’s measures to deal with non-performing loans have shown initial positive results, State Bank Governor Nguyen Van Binh told the National Assembly last week.
Controlling credit still a priority

Controlling credit still a priority

Tran Van Tan, head of credit office at the State Bank’s Credit Department, talks with VIR’s Trinh Trang about the banking system’s credit growth in 2013 amid the troubling high volume of non-performing loans.
Gold prices cool but still remain rather hot

Gold prices cool but still remain rather hot

Vietnam’s gold prices are now trending downward after some banks have gradually completed adjusting their gold positions under new State Bank regulations.
Banks being brought to account

Banks being brought to account

Banking restructuring is again under the spotlight.
NPL settlement shows little progress

NPL settlement shows little progress

Banks are working to address the problem of non-performing loans, while also awaiting measures from the government and State Bank to resolve the crisis.
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.
Banks’ sticky hands reach for greenbacks

Banks’ sticky hands reach for greenbacks

Banks are becoming net purchasers of foreign currencies, creating a good base for the forex market despite exporters’ increased demand for foreign currencies at the year-end.
Letting credit take root

Letting credit take root

Banks are mulling tapping agriculture and rural areas’ potential to bolster credit growth.
Vietnam needs to address fundamental problems

Vietnam needs to address fundamental problems

For an economy whose growth largely depends on investment capital like Vietnam, inflation pressures lurk. World Bank country director Victoria Kwakwa tells VIR’s Linh Dung economic inefficiencies must be resolved for a long-term sustained growth.
State Bank ensures system’s safety after banker’s arrest

State Bank ensures system’s safety after banker’s arrest

The State Bank today assuring the safety of the country’s banking system after police arrested a founder of Asia Commercial Bank (ACB) the day before.
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