Staff at HDBank count out cash for a customer. Deposit interest rates fall to between 9 and 10 per cent by the end of the year. — VNA/VNS Photo Tran Viet Deposit interest rates offered by commercial banks are likely to come down to bet [ … ]
From April 2007, the banking industry of Vietnam has turned to a new phase when the nation joined fully WTO and more international financial institutions came to explore opportunities to bec [ … ]
Big Vietnamese commercial banks are going to issue international bonds in 2012.
The deadline for short term gold certificate issuance by credit institutions has been extended to November 25 instead of May 1 as previously scheduled. However, the latest decision by the St [ … ]
Moody's Investors Service placed the B2 deposit and issuer ratings of Saigon-Hanoi Commercial Joint Stock Bank (SHB) on review for a possible downgrade on May 18.
The State Bank of Vietnam (SBV) has asked 14 commercial banks to accelerate debt settlement processes.
Instead of pushing up lending, commercial banks have spent money to buy government bonds, accepting the low government bond interest rates.
Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.
Vietnamese fiscal and monetary policies will likely be more maneuverable in 2012, as the country’s macroeconomic situation is stabilizing, said an economist who is also a member of the Natio [ … ]
The Prime Minister has appointed another deputy governor to the State Bank of Vietnam (SBV) to accelerate restructuring in the banking sector.
While businesses moan about big losses and heaped debts, banks still make fat profit, thus allowing their bosses to pocket millions of dollars a year.
- Fiscal and monetary policies “on the same bed but have different dreams”
- VietinBank to sell more stakes by the end of the year
- Sacombank to issue bonds in Singapore
- Government at loss over gold price disparity
- Gold falls below VND41 million
- SBV urged to loosen the “valve of foreign currency credit”
- Vietnam's Sacombank plans $200 mln dollar bond
- Eximbank takes control of Sacombank board
- Commercial banks unpleased with ceiling lending interest rate
- Rate cut fails to lift bank lending