Two more foreign banks to open branches in Vietnam

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VOV News English 12 hour(s) ago

Two more foreign banks to open branches in Vietnam

(VOV) -E.SUN Commercial Bank, Ltd of Taiwan and BNP Paribas bank of France have been granted permission to establish branch banks in Vietnam, Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV) recently revealed.

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National carrier gets loan for new planes

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VietnamPlus English 12 hour(s) ago

Vietcombank will grant a credit loan of 160 million USD to the national carrier Vietnam Airlines (VA) to buy aircraft next year.

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Short-term foreign lending extended

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VietNam News English 21 hour(s) ago

The State Bank of Viet Nam (SBV) will extend short-term foreign currency lending to exporters and petrol importers by one year, in a move to support these businesses, said SBV Governor Nguyen Thi Hong.

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Low inflation leaves room for interest rate cuts

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VietNam News English 21 hour(s) ago

Inflation is expected to dip lower next year, which could give the central bank room to cutback loan interest rates, according to the Ministry of Planning and Investment.

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Credit organisations continue to offer foreign currency loans

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VietnamPlus English 2 day(s) ago

The State Bank of Vietnam continues allowing credit organisations to decide on their hard currency loans to exporters and petroleum dealers throughout 2015, as part of its support measures to achieve the 2015 economic growth of 6.2 percent set by the National Assembly.

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Overseas remittances set to hit $12 billion in Vietnam in 2014

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Báo Thanh Niên English 3 day(s) ago

Overseas remittances set to hit $12 billion in Vietnam in 2014

Overseas remittances are expected to hit $12 billion this year, or 8 percent of the Vietnam's GDP, according to the Central Institute for Economic Management (CIEM).

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SBV orders tighter measures for bad debt management

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VietNam News English 2 day(s) ago 1 duplicate news 1 related news

The State Bank of Viet Nam (SBV) this week required its branches nationwide to adopt stricter, more comprehensive measures to accelerate progress in restructuring debt and resolving non-performing loans (NPLs).

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Malaysian growth forecast is down to 4.7 percent: WB

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VietnamPlus English 2 day(s) ago

Malaysia is expected to grow 4.7 percent in 2015, down 0.2 percent from an earlier estimate, according to the World Bank.

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Vietnam’s five-year bond yield at August high on supply pressure

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Báo Thanh Niên English 3 day(s) ago

Vietnam’s five-year bond yield at August high on supply pressure

Vietnamese sovereign bonds fell, pushing the five-year yield to a four-month high, on signs the government will have to offer higher rates to meet its 2014 sale target.

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ADB raises economic growth forecast in 2014 – 2015 for Vietnam

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Báo Tuổi Trẻ English 3 day(s) ago

ADB raises economic growth forecast in 2014 – 2015 for Vietnam

Vietnam’s economic growth prospect is expected to be at 5.6 percent and 5.8 percent in 2014 and 2015, respectively, according to Asian Development Bank (ADB).

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Will lending in foreign currencies be stopped sooner than expected?

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VietnamNet English 3 day(s) ago

Will lending in foreign currencies be stopped sooner than expected?

VietNamNet Bridge – Businesses are “reading between the lines” and assuming that they will not be able to borrow money in foreign currencies from early 2015.

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VAMC has bought bad debts worth $4.76 billion

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Báo Đầu Tư English 3 day(s) ago 1 related news

VAMC has bought bad debts worth $4.76 billion

The Viet Nam Asset Management Company (VAMC) has bought more than VND100 trillion (US$4.76 billion) in bad debts so far.

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SBV to persist with exchange rate policy

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VietNam News English 3 day(s) ago 1 duplicate news 1 related news

The State Bank of Viet Nam (SBV) is expected to continue its current exchange rate stabilisation policy next year following the hefty benefits it derived from the strategy this year.

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Teenagers with assets can open bank accounts on their own

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VietNam News English 3 day(s) ago

Individuals aged between 15 and 18, who own separate assets, will be allowed to independently open and operate bank accounts without seeking approval from their parents or guardians.

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USD-VND forex rate hike not a concern despite soaring price: insiders

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Báo Tuổi Trẻ English 4 day(s) ago

USD-VND forex rate hike not a concern despite soaring price: insiders

Local bank officials, manufacturers and traders told Tuoi Tre they are not worried about the US dollar-Vietnam foreign exchange (forex) rate increase, as, according to them, the supply of the greenback is still ample.

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