State Audit reveals wrongdoings in the banking system

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Báo Dân Trí English 2 day(s) ago 1 duplicate news

State Audit reveals wrongdoings in the banking system

A report from the State Audit of Vietnam has disclosed various wrongdoings of the banking system last year, including interest rates in the interbank market that were higher than those of the black market.

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Asia Commercial Bank faces great difficulties

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Báo Dân Trí English 2 week(s) ago

Asia Commercial Bank faces great difficulties

More than 200 staff of the Asia Commercial Bank (ACB), one of the most well-known banks in Vietnam, have been laid off over the past 3 months due to financial difficulties.

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SBV net injects VND354 bln via OMO

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Hanoi Times English 1 month(s) ago

The Hanoitimes- The State Bank of Viet Nam (SBV) net injected VND354 billion via open market operation (OMO) o­n March 25. In details, the SBV pumped VND1 trillion via OMO and withdrew VND646 billion.

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Banks cut deposit rates as liquidity improves

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Báo Dân Trí English 2 month(s) ago 1 duplicate news 1 related news

Banks cut deposit rates as liquidity improves

Many Vietnamese banks in HCM City have lowered deposit interest rates since early March as deposits continue to rise.

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Forex flurry turns calm

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Báo Đầu Tư English 2 month(s) ago

Forex flurry turns calm

The State Bank last week stepped in to calm a fluctuating foreign exchange market by reducing the selling price of USD on the interbank market.

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Banks begin merger process

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VietNam News English 4 month(s) ago 4 related news

Eximbank (EIB) and Sacombank (STB) late yesterday signed a five-year co-operation agreement which will pave a way for a likely merger between two of the biggest commercial banks in Viet Nam.

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Banks court customers as capital tightens up

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Báo Đầu Tư English 8 month(s) ago

Banks court customers as capital tightens up

The limit in interbank activities and the stagnation of capital in non-performing loans is prompting banks to seek more deposits.

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Finance body warns on inflation, interest

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VietNam News English 8 month(s) ago

The National Financial Supervisory Committee proposed more attention be paid to the monetary market, warning in a recent report to the Government that the economy had seen alarming signs when it came to interest rates and inflation.

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Interbank short-term interest rates take a tumble

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VietNam News English 8 month(s) ago 1 related news

Interest rates in the interbank market fell significantly in the week from September 10-14 over the preceding week, according to the State Bank of Viet Nam.

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Market sees new clean bill of health

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Báo Đầu Tư English 8 month(s) ago

Market sees new clean bill of health

The bond and Treasury-bill markets are showing vital signs of life, after the market suffered heart attack spasms following the arrests of high-profile bankers.

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Banks set new peak for long-term deposit rates

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Báo Đầu Tư English 9 month(s) ago 1 related news

Banks set new peak for long-term deposit rates

Some banks have increased the deposit interest rates for savings of a term above 12 months to 13 per cent a year from the 12 per cent peak they offered last June.

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Banks set new peak for long-term deposit rates

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

Some banks have increased the deposit interest rates for savings of a term above 12 months to 13 percent a year from the 12 percent peak they offered last June.

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Central bank governor: ‘I would have withdrawn my money too’

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Báo Thanh Niên English 9 month(s) ago

The State Bank of Vietnam Governor Nguyen Van Binh said the recent panic at Asia Commercial Bank (ACB) has been contained.

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Dong/dollar exchange rate stabilization doesn’t benefit businesses

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Hanoi Times English 9 month(s) ago

The Hanoitimes - Analysts’ prediction about the dong/dollar exchange rate stabilization has come true. However, businesses do not want to see the exchange rate stay put.

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Global interbank payments up 13%

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Hanoi Times English 9 month(s) ago

The Hanoitimes - International payments from Vietnam via SWIFT had increased by 13 per cent a year, it was announced yesterday during the annual seminar o­n the Society for World-wide Interbank Financial Telecommunication.

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