Vietnam's central bank governor has urged banks to cut loan rates by 2-3 percentage points to below 13 percent to help struggling businesses and boost an economy growing at its slowest pace in 13 years, according to state media.
dimanche 31 mars 2013
mercredi 6 mars 2013
HCMC – Despite the collection of inside-network ATM (automated teller machine) transaction fees being applicable from last Friday, only 12 of 47 banks charge ATM card users, with 10 banks applying the maximum rate of VND1,000 for each transaction.
mardi 26 février 2013
The local financial market, including the stock market, has badly suffered from a rumor about the arrest of a top bank official, a repeat of what happened to the market in late August of last year.
vendredi 22 février 2013
Hanoi - Vietnam has approved a broad plan to boost its economy to 2020, focusing on restructuring public investment, banks and state-owned enterprises while controlling inflation and maintaining growth.
mercredi 6 février 2013
Last weekend Nguyen Van Tu, a worker at a furniture company in Hanoi’s Quang Minh Industrial Park, tried in vain to withdraw money from three ATMs. “Two were broken, the other was out of cash.”
Credit Suisse Group AG will accept a debt restructuring plan that Vietnam Shipbuilding Industry Group put to its creditors, helping to resolve negotiations surrounding a default that occurred more than two years ago, according to a person familiar with the matter.
dimanche 27 janvier 2013
Pham Thanh Tan, former CEO of Vietnam Bank for Agriculture and Rural Development (Agribank), the local largest state-owned bank has been arrested on vague charges of ‘wrongdoings’, an official has said.
mercredi 23 janvier 2013
The World Bank said it is open to a new loan that may provide support for a potential recapitalization of Vietnamese banks, which are struggling with rising levels of bad debt that have slowed credit growth.
vendredi 18 janvier 2013
Vietnam will continue the circulation of coins after a period of discontinuation, one official said.
mardi 8 janvier 2013
Commercial banks have been making fat profits from ATM services, but they have decided to collect fees from inner-network transactions as well.
vendredi 28 décembre 2012
La plus grande banque du Japon Mitsubishi UFJ a acheté 20% de la banque d'Etat vietnamienne Vietinbank, soit la plus importante opération dans le secteur bancaire en crise du pays communiste, ont annoncé jeudi les deux partenaires.
lundi 24 décembre 2012
Vietnam’s economy grew at the slowest pace in 13 years in 2012 as a fourth-quarter pickup failed to counter a slowdown in bank lending and domestic demand.
mardi 18 décembre 2012
As of next March, banks will be allowed to charge ATM users for on-us transactions, or those made on machines of the same bank that issued the ATM card, according to a draft decree from the State Bank of Vietnam.
samedi 8 décembre 2012
HCMC – More Vietnamese consumers are using cards to make payments when shopping, so enterprises should pay attention to this change in consumption habit to adopt better sales policies.
jeudi 29 novembre 2012
HA NOI — Prime Minister Nguyen Tan Dung strongly re-affirmed the Government's determination to pursue economic restructuring and financial reform at a conference on East Asia's financial stability yesterday in Ha Noi.
mardi 13 novembre 2012
HCMC – The State Bank of Vietnam (SBV) has unveiled a number of basic indicators of the banking sector, which show the health of the banking system had weakened by end-September, reflecting the decline of the economy.
vendredi 9 novembre 2012
Scale of debt in banking sector and bloated state firms lays bare pernicious influences of cronyism in Asian tiger economy
lundi 5 novembre 2012
Vietnam faces “high risks” that inflation will accelerate toward the end of the year as the government strives to spur lending and help businesses, according to a central bank official.
lundi 29 octobre 2012
The State Bank of Vietnam has approved the merger of two unlisted lenders, paving the way for the nation's third bank combination since the government started reforming the banking system in 2011, a state-run newspaper said on Monday.
lundi 8 octobre 2012
HANOI—The State Bank of Vietnam said the central government ordered it to take measures to clean up bad debt in the banking system, as authorities try to stave off downward pressure on the economy.
samedi 6 octobre 2012
How serious are the problems in Vietnam's banking sector? Problem is, no one really knows. Confidence in the banking sector has been shaky since August 20, when prominent banker Nguyen Duc Kien was arrested on corruption charges.
vendredi 5 octobre 2012
HA NOI — The board of the Export-Import Bank of the United States (Ex-Im Bank) said it had voted to authorise a US$118 million direct loan to the Vietnamese Government for the export of a Lockheed Martin Space Systems Company telecommunications satellite and additional goods and services.
vendredi 28 septembre 2012
Vietnam has started criminal proceedings against Tran Xuan Gia, former chairman of Asia Commercial Bank, and three other officials for alleged economic mismanagement, Lao Dong newspaper reported on its website today.
jeudi 20 septembre 2012
HANOI - Trois responsables de la première banque privée du Vietnam, récemment touchée par un scandale qui ébranle le système bancaire du pays communiste, ont démissionné, a-t-elle indiqué jeudi alors que l'enquête prend de l'ampleur.
mardi 18 septembre 2012
HANOI — Vietnamese police said Tuesday they were pursuing more serious charges against one of the country's top banking tycoons, whose arrest last month sent a shockwave through the nation's financial markets.
mardi 11 septembre 2012
Until a few years ago, Vietnam was one of the world's hottest emerging markets. Now it faces an urgent task: fix a beleaguered banking system or watch its economy continue to slip behind faster-growing neighbors.
Vietnam is not seeking loans from the International Monetary Fund (IMF) to deal with bad debt in its banking system, said Deputy Governor of the State Bank of Vietnam (SBV) Le Minh Hung.
samedi 8 septembre 2012
Vietnam risks becoming the biggest East Asian economy to seek an International Monetary Fund rescue loan since the region’s financial crisis more than a decade ago as it moves to support a faltering banking system.
vendredi 31 août 2012
After the arrest last week of the founder and chief executive of one of Vietnam’s biggest private banks sent shockwaves through the nation, rumours swirled earlier this week about which tycoons might be next.
vendredi 24 août 2012
HANOI — Vietnam arrested another top banker Thursday, state media said, widening a police probe into the communist country's banking sector which has rattled markets and triggered a run on deposits.
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