SBV explains changes to personal loan limit

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Báo Đầu Tư English 1 day(s) ago

SBV explains changes to personal loan limit

A representative of the State Bank of Viet Nam has confirmed that individuals can borrow money from banks without any limit if they fulfil the banks' requirements.

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Economic highlights from July 20-25

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Báo điện tử CP English 1 day(s) ago

Economic highlights from July 20-25

VGP – The Consumer Price Index (CPI) going down to the lowest in seven months of 2015 in the past decade, the Viet Nam National Shipping Lines (Vinalines) releasing its first-half revenue report and petrol prices reduction are economic highlights of the week from July 20-25.

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Snail-pace progress puts equitisation target in doubt

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VOV News English 1 day(s) ago

Snail-pace progress puts equitisation target in doubt

Doubts are raising about the viability of state-owned enterprises equitisation plan this year.

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Abundant liquidity key driver in OMO development

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Báo Đầu Tư English 1 day(s) ago

Abundant liquidity key driver in OMO development

During the second quarter of 2015, the State Bank of Vietnam (SBV) withdrew large amounts of funds by issuing bills. At the same time, banks had little demand for borrowing from the SBV, demonstrated by the limited value of reverse repo transactions. Ample banking liquidity, limited issuance in the primary bond market in line with large foreign capital inflows were likely the most important drivers.

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Opportunities for foreign investment in banking sector

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VietnamNet English 4 day(s) ago

Opportunities for foreign investment in banking sector

VietNamNet Bridge – Viet Nam is continuing efforts to reform its banking system and invite foreign banks to join the domestic market via increased bank ownership.

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State Bank’s plan to “put a leash” on bad debts raises doubts

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VietnamNet English 4 day(s) ago

State Bank’s plan to “put a leash” on bad debts raises doubts

VietNamNet Bridge - The State Bank of Vietnam (SBV) has repeatedly urged commercial banks to take action to reduce the non-performing loan (NPL) ratio to below 3 percent by September 30. But it has proven to be an impossible mission.

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Bank guarantees bolster confidence, expert

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VietnamNet English 2 day(s) ago

Bank guarantees bolster confidence, expert

Mr. Marc Townsend, Managing Director of CBRE Vietnam, tells about the impact of new regulations requiring bank guarantees for property projects built in the future and also about the market's recent performance.

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Banks to disburse US$5.86 billion low interest loans in second half

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SaiGon GP English 3 day(s) ago

Banks to disburse US$5.86 billion low interest loans in second half

Nineteen commercial banks in Ho Chi Minh City will disburse VND127,333 billion (US$5.86 billion) of low interest loans to businesses in the second half this year under the Bank-Business Connectivity Program, said Mr. To Huy Lam, director of the State Bank of Vietnam in Ho Chi Minh City on July 24.

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Customer data on major Vietnamese websites vulnerable to hackers: report

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Báo Thanh Niên English 3 day(s) ago

A new cybersecurity report warned that customer data on Vietnam’s major websites can be stolen easily.

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Vietnam’s name-and-shame corporate tax list enjoys success

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Báo Thanh Niên English 4 day(s) ago

Vietnam has found an effective way to crack down on tax laggards as it struggles to fund infrastructure projects and curb rising debt: make the names of the offending businesses public to shame them into paying up.

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Warning for illegal MFIs

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VietStock FI English 4 day(s) ago

The governor of the National Bank of Cambodia hit out at unlicensed microfinance institutions or lenders, who he said were the reason why interest rates in the sector were high, despite interest rates falling among registered lenders.

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Phones and loans: the picture of the short-term loan market

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Báo Đầu Tư English 1 week(s) ago

Phones and loans: the picture of the short-term loan market

Some 70 per cent of Czech-backed consumer lender MTV Home Credit Vietnam’s loans have been used to purchase mobile phones.

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PetroVietnam withdrawing trillions of VND from non-core businesses

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Báo Dân Trí English 4 day(s) ago

PetroVietnam withdrawing trillions of VND from non-core businesses

State-owned Vietnam National Petroleum Group (PetroVietnam) will withdraw trillions of VND from non-core business, including more than VND5trn from two local banks.

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India eyes investments in Vietnam

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VietnamPlus English 5 day(s) ago

India eyes investments in Vietnam

The Indian Ministry of Commerce and Industry will push clearance for the structure to promote investments in Cambodia, Laos, Myanmar and Vietnam (CLMV), according to local newspaper.

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MSB, MDB to merge next month

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Báo Đầu Tư English 5 day(s) ago 1 related news

MSB, MDB to merge next month

The Maritime Bank (MSB) will merge with the Mekong Development Bank (MDB) next month.

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