Banking restructuring earns initial results: Govn’t

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Báo Tuổi Trẻ English 4 hour(s) ago

Banking restructuring earns initial results: Govn’t

The national banking restructuring scheme has born initial fruits, said a newly released report from the Government

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Bad debts falling in Vietnam's ailing banks, gov't says

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Báo Thanh Niên English 2 day(s) ago

Bad debts falling in Vietnam's ailing banks, gov't says

The ratio of non-performing loans held by Vietnam's troubled banks eased slightly in the first quarter as they have become better at controlling bad debt, though the overall level of NPLs remained high, the government said on Monday.

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Codes to boost state tax coffers

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Báo Đầu Tư English 8 hour(s) ago

Codes to boost state tax coffers

Vietnam Tax Consultants’ Association chairwoman Nguyen Thi Cuc highlights the need for all citizens to receive tax codes to combat tax avoidance.

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Banks warned about risks of lending to large-scale enterprises

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Hanoi Times English 9 hour(s) ago 1 related news

The Hanoitimes - While banks often hunt for or prioritise large-scale businesses for lending, o­ne expert said they should be more careful to prevent possible risks.

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Bank scotches currency rumours

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VietnamNet English 9 hour(s) ago

Bank scotches currency rumours

VietNamNet Bridge – The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

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Lending rates remain stubborn

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Báo Đầu Tư English 9 hour(s) ago

Lending rates remain stubborn

Joint stock banks’ lending rates have yet to be relaxed a week after the State Bank’s base interest rate cut.

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Banks warned about risks of lending to large-scale enterprises

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Báo Dân Trí English 10 hour(s) ago 1 related news

Banks warned about risks of lending to large-scale enterprises

While banks often hunt for or prioritise large-scale businesses for lending, one expert said they should be more careful to prevent possible risks.

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VN's gold policy aims at market or price stabilization?

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VietnamNet English 12 hour(s) ago

VN's gold policy aims at market or price stabilization?

VietNamNet Bridge - The central bank’s inconsistent statements about the goals of the gold market management policy have made people feel dizzy.

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Vietnam says economy at great risk of macroeconomic instability

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Báo Thanh Niên English 2 day(s) ago

Vietnam still faces “great risk” of macroeconomic instability, a deputy premier said, as credit growth trails behind targets while banks work to reduce elevated bad debt that has hampered growth.

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Vietnam bond yield drops to lowest since 2007 on funding costs

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Báo Thanh Niên English 2 day(s) ago

Vietnam’s five-year bond yield fell to the lowest level since 2007 on speculation low funding costs are spurring demand for government securities. The dong dropped.

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VND30-tril. package not realty savior

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SaigonTimes English 22 hour(s) ago 1 related news

HCMC – The central bank has stressed that the VND30-trillion home loan package is not aimed to rescue the property market, but to help low and middle-income people buy homes and create market confidence.

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PVFC, Western Bank merger plan approved

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SaigonTimes English 23 hour(s) ago 2 related news

HCMC – Shareholders of PetroVietnam Finance Corporation (PVFC) at its annual general meeting last Saturday approved plans to transform the firm into a commercial joint stock bank and merge with Western Bank.

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PVFC agrees on plan to merge with Western Bank

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Báo Đầu Tư English 1 day(s) ago 2 related news

PVFC agrees on plan to merge with Western Bank

A majority of the shareholders of the PetroVietnam Finance Join Stock Corporation (PVFC) has agreed upon the plan to have their institution merged with Phuong Tay (Western Bank).

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VND9 trillion of soft loans for realty companies

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VietnamNet English 1 day(s) ago 1 related news

VND9 trillion of soft loans for realty companies

VietNamNet Bridge – The State Bank of Vietnam has issued a circular on providing low-interest loans to support the housing segment in line with Resolution 02/NQ-CP, under which as much as 30% or VND9 trillion of a credit line of VND30 trillion will be set aside for local property companies at an annual rate of 6%.

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Coffee to get preferential credit loans

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Báo Dân Trí English 1 day(s) ago 1 related news

Coffee to get preferential credit loans

The coffee industry would receive preferential credit loans of VND8-10 trillion (US$380.95-476.19 million) from now until 2016 to implement a programme to recultivate old coffee crops, said Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh.

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