VND0 takeover or bankruptcy?

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Báo Đầu Tư English 1 week(s) ago

The method of acquiring weak banks at VND0 is officially adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan (NPL) settlement, composed by the State Bank of Vietnam (SBV). However, buying at the price of VND0 or boldly letting poorly performing commercial banks go bankrupt remains a dilemma.

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Novaland backs out of Sacombank restructuring project

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

Novaland Group (NVL) on Wednesday said it would not participate in the restructuring of Saigon Commercial Joint Stock Bank (Sacombank) as planned previously, Thoi bao Kinh te Viet Nam (Vietnam Economic Times) has reported.

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Banks increase dong interest rate to lure depositors

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Báo Đầu Tư English 4 month(s) ago

A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.

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Government will not save ‘zombie’ banks

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Báo Đầu Tư English 6 month(s) ago

The Government will consider the possibility of letting poor performing commercial banks go bankrupt, instead of saving them as it did in the past, Deputy Prime Minister Vương Đình Huệ has said.

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DIV officially launches new IT system

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Báo Đầu Tư English 6 month(s) ago

Deposit Insurance of Viet Nam (DIV) has officially operated a new information and communication system for its business process related to deposit insurance.

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Doubts over 5% average lending interest rate target

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Báo Đầu Tư English 8 month(s) ago 1 related news

Doubts over 5% average lending interest rate target

Banking experts have expressed a great deal of scepticism at the government's target to cut the average lending interest rate to some 5 per cent.

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SBV reassures people of Maritime Bank's operations

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Báo Đầu Tư English 8 month(s) ago

SBV reassures people of Maritime Bank's operations

The State Bank of Viet Nam (SBV) confirmed on August 15 that it has the full capacity to support and maintain the normal operation of credit institutions, ensuring the interests of consumers.

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Review finds economy resilient to challenges

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VietStock FI English 9 month(s) ago

The National Bank of Cambodia released its annual report yesterday, citing strong growth in 2015 despite challenging economic circumstances caused by a Chinese economic slowdown, increased regional competitiveness and the appreciation of the US dollar.

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Lending rules should be changed gradually: banks

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Báo Dân Trí English 12 month(s) ago

Lending rules should be changed gradually: banks

Although amendments to Circular 36 are needed, they should be implemented gradually to avoid policy risks and difficulties to commercial banks, online news portal Bizlive quoted bank officials as saying.

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Lending rules should be changed gradually: banks

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Báo Đầu Tư English 12 month(s) ago

Lending rules should be changed gradually: banks

Although amendments to Circular 36 are needed, they should be implemented gradually to avoid policy risks and difficulties to commercial banks, online news portal Bizlive quoted bank officials as saying.

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Banks ask SBV to delay stricter rules

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Báo Đầu Tư English 12 month(s) ago

Banks ask SBV to delay stricter rules

Commercial banks are recommending that the State Bank of Viet Nam (SBV) delay tightening of lending rules, as it could face difficulties once it takes effect on January 1, 2017.

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Vietnamese, banks had $7.3 billion in dollar savings overseas: report

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Báo Thanh Niên English 13 month(s) ago

Vietnamese, banks had $7.3 billion in dollar savings overseas: report

A new report that found a surge of dollar savings moving overseas has cast doubt on the central bank's forex policy, showing recent interest rate cuts aiming to drive depositors toward the local currency may have backfired.

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Various violations found at the state-owned Deposit Insurance of Vietnam

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Báo Dân Trí English 13 month(s) ago

Various violations found at the state-owned Deposit Insurance of Vietnam

The Government Inspectorate has just revealed various violations at the Deposit Insurance of Vietnam (DIV), from financial planning to cost management and use of finances from 2011 to 2013.

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Regulations slow liberalisation plans

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Báo Đầu Tư English 14 month(s) ago

Regulations slow liberalisation plans

Interest rate liberalisation is an important part of financial reform, promoting safer and more efficient financial markets. It has three components: the introduction of market-driven, competitive deposit rates; the establishment of a legal structure that allows banks to default; and a deposit insurance scheme.

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Vietnam weighs ceiling rate future

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Báo Đầu Tư English 14 month(s) ago

Vietnam weighs ceiling rate future

Vietnam’s monetary policies resemble China’s in many respects. Two prime examples are the control of capital flows and market interest rates, including the application of ceiling deposit interest rates.

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