Vietnam banks offer promotions as gold market tenses for God of Wealth Day

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Báo Tuổi Trẻ English 1 month(s) ago 1 related news

Banks in Vietnam return after the Lunar New Year festival with promotions to attract deposits while the local gold market builds up speed in anticipation of the God of Wealth Day.

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SBV pumps in capital to control interest rate heat

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Báo Dân Trí English 3 month(s) ago

The State Bank of Vietnam (SBV) has ceased issuing treasury bills and begun pumping capital totaling VND22 trillion ($966.46 million) into the market via open market operations (OMO) in the last three weeks.

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Banks increase dong interest rate to lure depositors

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Báo Đầu Tư English 3 month(s) ago

A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.

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Deposits rise in Đồng Nai’s banks

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Báo Đầu Tư English 3 month(s) ago

Credit organisations in Đồng Nai Province have mobilised VNĐ153 trillion (US$6.8 billion) in deposits from early this year till date, which is 23 per cent higher than at end-2015.

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Some banks cut deposit interest rates

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Báo Đầu Tư English 3 month(s) ago

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Viet Nam (SBV).

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BAC A BANK hit two prominent awards

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Báo Đầu Tư English 4 month(s) ago

Today, locally-owned BAC A BANK has reaped two high-profile windfalls, namely the “Bank with typical innovative products 2016” and the “Bank for the community” awards, within the Vietnam Outstanding Banking Awards 2016.

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Monetary policy supports economic growth

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Báo Đầu Tư English 4 month(s) ago

A flexible monetary policy supported stability in Viet Nam’s financial market and fostered economic growth this year, a National Financial Supervisory Commission (NFSC) official said in Ha Noi last week.

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Banks cut short-term deposit rates

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Báo Đầu Tư English 6 month(s) ago

Some major commercial banks lowered interest rates for deposits in dong with terms of less than a year, by 0.3-0.5 percentage points, on September 26.

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Banks raise deposit rates ahead of SBV rules

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Báo Dân Trí English 6 month(s) ago

Banks raise deposit rates ahead of SBV rules

Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Vietnam’s regulations that are due to take effect in 2017.

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Banks covering their assets

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VietStock FI English 7 month(s) ago

Banks covering their assets

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks.

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Eximbank administers sharp cut to 2016 profit target

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Báo Đầu Tư English 8 month(s) ago

Eximbank administers sharp cut to 2016 profit target

Vietnam Export Import Bank (Eximbank) is lowering its target for deposits, lending, assets, and pre-tax profit for the year 2016 deviating from the earlier plan.

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Vietnam banks see 2016 credit growth up 20.4 pct on yr: c.bank

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Báo Tuổi Trẻ English 9 month(s) ago 1 duplicate news

Vietnam banks see 2016 credit growth up 20.4 pct on yr: c.bank

Banks in Vietnam expect lending this year to surpass targets, growing 20.4 percent over 2015, fuelled by stronger credit demand and better business conditions, the central bank said on Wednesday.

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

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Báo Thanh Niên English 9 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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Call to raise deposit rates on US dollar

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Báo Dân Trí English 10 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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Vietnam's central bank adds $7 billion to forex reserves: report

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Báo Thanh Niên English 10 month(s) ago

Vietnam's central bank adds $7 billion to forex reserves: report

The State Bank of Vietnam has shored up its foreign exchange reserves by buying a large amount of dollars this year, according to a new report from major lender BIDV.

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