Vietnam’s largest fraud trial begins

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Báo Đầu Tư English 5 day(s) ago

Vietnam’s largest fraud trial begins

The trial of Vietnam Construction Bank’s former chairman Pham Cong Danh and 35 co-defendants kicked off last Tuesday, with a preliminary hearing on allegations of fraud that cost bank creditors over VND9.1 trillion ($417 million) over three years.

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VN delays $3b int’l bond plan

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Báo Đầu Tư English 7 day(s) ago 1 duplicate news

VN delays $3b int’l bond plan

Việt Nam has postponed a US$3-billion international bond issuance plan due to unfavourable conditions in the global finance and monetary market, the finance ministry said.

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Success in bond capital mobilisation

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Báo Đầu Tư English 2 week(s) ago

Success in bond capital mobilisation

Despite a good result with capital mobilisation through government bonds during the first half of this year, there are unexpected factors that will affect this market over the rest of 2016. Do Ngoc Quynh, general secretary of the Vietnam Bond Market Association discussed with VIR’s Huu Dao.

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Vietnam on track to revamp corporate bond market

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Báo Thanh Niên English 3 week(s) ago

Vietnam has been "actively" applying a variety of measures to overhaul its underdeveloped corporate bond market, news website Thoi Bao Tai Chinh has reported, citing the state stock regulator.

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Vietnam may stop guaranteeing SOEs' loans as public debt rises

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Báo Thanh Niên English 3 week(s) ago

Vietnam may stop guaranteeing SOEs' loans as public debt rises

In an attempt to keep public debt in control, the Vietnamese government may stop guaranteeing state-owned enterprises' loans.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 1 month(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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VAMC special bond terms to be extended

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Báo Đầu Tư English 1 month(s) ago

VAMC special bond terms to be extended

Terms for special bonds issued by the Viet Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Viet Nam newly-issued regulation.

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Banks try to cut loan rates but seek Gov't help

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Báo Đầu Tư English 1 month(s) ago

Banks try to cut loan rates but seek Gov't help

Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

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Call to raise deposit rates on US dollar

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Báo Dân Trí English 1 month(s) ago

Call to raise deposit rates on US dollar

Several experts have suggested raising the US dollar deposit rates, which are currently pegged at zero percent, in order to attract domestic savers.

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VAMC to use cash to buy NPLs

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Báo Đầu Tư English 1 month(s) ago

VAMC to use cash to buy NPLs

The Viet Nam Asset Management Company (VAMC) this year will use cash, departing from the usual practice of using only special bonds, to buy non-performing loans (NPLs), officials said.

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Solid liquidity, falling rates boost demand for Vietnam bonds

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Báo Thanh Niên English 2 month(s) ago

Vietnam's three-year government bond prices hit a 13-month high on Monday as falling interest rates and solid liquidity encouraged buyers, mostly domestic banks, to invest in the bond market.

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Bond issuances put pressure on bank interest rates

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Báo Đầu Tư English 2 month(s) ago

Bond issuances put pressure on bank interest rates

Bank mobilisation and lending rates are predicted to rise. Nguyen Ngoc Hoa, a member of National Assembly’s Economic Committee and also deputy director of Ho Chi Minh City Department of Industry and Trade, sheds light on its impact on business performance as well as the inflation situation.

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Solid liquidity, falling rates boost demand for Vietnam bonds

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Báo Tuổi Trẻ English 2 month(s) ago

Solid liquidity, falling rates boost demand for Vietnam bonds

Vietnam's three-year government bond prices hit a 13-month high on Monday as falling interest rates and solid liquidity encouraged buyers, mostly domestic banks, to invest in the bond market.

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Despite risky business, corporations still issue bonds

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SaiGon GP English 2 month(s) ago

Despite risky business, corporations still issue bonds

While the recent violation of Hoàng Anh Gia Lai Group, which issued its bonds on a lower collateral basis, told a story of how risky corporate bond issuances could hurt the market, it did not stop other corporations from issuing their bonds in the country.

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Fitch affirms VN at “BB-” outlook stable

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Báo điện tử CP English 2 month(s) ago

Fitch affirms VN at “BB-” outlook stable

VGP - Fitch Ratings affirmed Viet Nam's Long-Term Foreign-and Local-Currency IDRs at ‘BB-'with a Stable Outlook. The issue ratings on Viet Nam's senior unsecured Foreign- and Local-Currency bonds are also affirmed at 'BB-'. The Country Ceiling is affirmed at 'BB-' and the Short-Term Foreign-Currency IDR at 'B'.

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