Foreigners legible to make term deposits at local banks
July 15, 2019 | 21:37
Resident and non-resident foreigners in Viet Nam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Viet Nam has said.
Banks told to raise foreign currency reserves
August 30, 2011 | 11:16
The State Bank of Vietnam on August 29 raised the foreign currency compulsory reserves ratio for commercial banks by 1 percentage point to 8 per cent of total deposits in a move to limit the growing number of new loans being made in US dollars.
Voices grow to tweak controls
August 29, 2010 | 20:52
Local banks have flexed their muscles and demanded banking authorities relax strict safety controls.
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