HCMC remittance expected at US$5 billion

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SaiGon GP English 46 minute(s) ago

Oversea remittance to Ho Chi Minh City is expected to reach US$5 billion this year, US$1 billion higher than last year, said deputy director of the State Bank of Vietnam in HCMC Nguyen Hoang Minh.

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SBV forecasts credit growth of 12-14%

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VietNam News English 4 hour(s) ago 2 duplicate news

The country's total means of payment next year will increase roughly by 16 to 18 per cent against December, according to the State Bank of Viet Nam (SBV).

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HCM City banks face rising bad debt ratio

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Báo Đầu Tư English 24 hour(s) ago 1 related news

HCM City banks face rising bad debt ratio

HCM CITY - Potentially irrecoverable bank debts in HCM City now make up around 70 per cent of the total bad debts, according to the State Bank of Viet Nam's city branch.

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Domestic banks take home world standard awards

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Báo Đầu Tư English 1 day(s) ago

Domestic banks take home world standard awards

To businesses, winning prestigious global awards is a testament to their reputation, status, and quality of products and customer services. The accolades relevant to cash management and trade finance services are often some of the most sought-after by credit institutions. David Edwards, from the editorial team of The Corporate Treasurer (an industry leading publication owned by Haymarket Media) spoke with VIR’s Uyen Linh on the importance of these services to bank performance.

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Vietnam's banks continue to coddle troubled state-owned giants

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Báo Thanh Niên English 1 day(s) ago

Vietnam's banks continue to coddle troubled state-owned giants

Despite rhetoric and laws designed to change the way business is done in Vietnam, local banks continue to funnel cheap loans toward state-owned corporations.

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HCM City banks face rising bad debt ratio

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

Potentially irrecoverable bank debts in HCM City now make up around 70 per cent of the total bad debts, according to the State Bank of Viet Nam's city branch.

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Trade confidence hits 3-yr high

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VietnamNet English 1 day(s) ago

Trade confidence hits 3-yr high

VietNamNet Bridge – The HSBC Trade Confidence Index rose to 120 in the first half of 2014, the highest in three-and-a-half years, according to a report released by the bank on Wednesday.

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Tien Phong Bank funds VietJet expansion

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VietNam News English 1 day(s) ago

Tien Phong Bank is providing VietJet with US$21 million in credit to finance the expansion plans of Viet Nam's fastest growing airline.

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Indonesia’s foreign debts increase to 290.6 billion USD

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VietnamPlus English 2 day(s) ago 1 related news

Indonesia’s central bank (BI) has announced that the country’s foreign debts rose from 284.9 billion USD in June to 290.6 billion USD in July.

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Banks eye growth in mobile banking

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

Banks eye growth in mobile banking

Commercial banks are eyeing mobile banking as a potential way to harness growing demand for online transactions, industry experts say.

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Vietnam cbank moots $94k individual home loans for decent income public servants

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Báo Tuổi Trẻ English 4 day(s) ago

Vietnam cbank moots $94k individual home loans for decent income public servants

Vietnam’s central bank is studying the feasibility of offering a new home loan package that would allow public servants with a stable income to borrow up to VND2 billion (US$94,135) each at preferential interest rates to purchase condominiums or terraced houses.

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Vietnam's trade confidence index hits 3-year high

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VietnamPlus English 4 day(s) ago 2 related news

The short-term outlook for Vietnam looks positive with the HSBC Trade Confidence Index rising to 120 in the first half of 2014, the highest in three-and-a-half years, according to a report released by the HSBC bank on September 17.

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Trade confidence hits 3-yr high

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VietNam News English 4 day(s) ago 2 related news

Trade confidence hits 3-yr high

The HSBC Trade Confidence Index rose to 120 in the first half of 2014, the highest in three-and-a-half years, according to a report released by the bank on Wednesday.

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Standard Chartered Private Equity invests in F&B chain

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VietNam News English 4 day(s) ago

Standard Chartered Private Equity has acquired a significant minority stake in Golden Gate Trade & Services Joint Stock Company, the country's largest domestic developer and operator of Asian full service restaurants.

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Overdue debts touch $2.9 billion

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VietnamNet English 4 day(s) ago

Overdue debts touch $2.9 billion

VietNamNet Bridge – Overdue debts at credit institutions in Ha Noi reached VND61.3 trillion (US$2.9 billion), or 6.72 per cent of the total outstanding loans, by the end of August.

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