Local authorities check on HSBC’s secret Swiss accounts

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Báo Dân Trí English 1 week(s) ago

Local authorities check on HSBC’s secret Swiss accounts

Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.

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In-depth monetary market management

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VietnamPlus English 1 week(s) ago 1 related news

The word "belief" has cropped up often during the recent months when one talks about the monetary market and the management policies by the State Bank of Vietnam (SBV). The central bank has adopted a series of measures, as well as made explicit moves to stabilise the market, but a number of people still worry if the policies have been able to lay the foundation for market stability in the future. The Vietnam News Agency spoke to the Deputy Governor...

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Local authorities check on HSBC’s secret Swiss accounts

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Báo Đầu Tư English 2 week(s) ago

Local authorities check on HSBC’s secret Swiss accounts

Deputy Governor Nguyen Thi Hong of the State Bank of Vietnam (SBV) said yesterday that SBV will initiate a formal investigation into the 26 HSBC Holdings Plc.’s Swiss unit accounts that are registered under the names of Vietnamese citizens and suspected of tax evasion.

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SBV appoints new deputy governor

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VietNam News English 2 week(s) ago

The State Bank of Viet Nam (SBV) now has a new deputy governor.

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PM ratifies Deputy Ministers, Vice Chairman

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Báo điện tử CP English 2 week(s) ago 1 related news

VGP – The PM has agreed with the appointment of some leaders of the Ministry of Information and Communications (MIC) and the State Bank of Viet Nam (SBV) and the election of officials for the central province of Quang Tri.

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No limit to foreign-ownership in weak banks: SBV

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VietnamNet English 3 week(s) ago

No limit to foreign-ownership in weak banks: SBV

VietNamNet Bridge – The government of Vietnam is considering raising the ceiling on foreign ownership in weak banks which are undergoing restructuring, Deputy Governor of the State Bank Nguyen Phuoc Thanh said.

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Vietnam’s state-run lender to operate loss-making bank acquired by cbank

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Báo Tuổi Trẻ English 3 week(s) ago

Vietnam’s state-run lender to operate loss-making bank acquired by cbank

Vietcombank, the fourth biggest bank of Vietnam by assets with VND530.22 trillion (US$24.9 million), has been asked by the State Bank of Vietnam (SBV) to manage and operate loss-making Vietnam Construction Joint Stock Commercial Bank (VNCB) after the SBV took over it.

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Foreign investors being wooed to invest in Vietnam banks

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Báo Dân Trí English 1 month(s) ago

Foreign investors being wooed to invest in Vietnam banks

Vietnam wants foreign investors to buy stakes in local financial institutions to support measures this year to restructure the local banking system, with mergers on the cards and more flexible ownership limits to encourage participation, a senior banking official said.

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HCM City targets 13 percent credit growth rate in 2015

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VietnamPlus English 1 month(s) ago

The State Bank of Vietnam’s Ho Chi Minh City branch has set targets of 13 percent credit growth rate, 12 percent deposit growth rate, under 3 percent bad debt ratio and better-than-last year business results in 2015, said the branch director To Duy Lam.

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VN, Italy share banking strategies

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

Visiting Vietnamese finance and banking officials and representatives from the Association of Banking in Italy (ABI) discussed policies to stabilize the monetary market in Rome late last week.

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Vietnam, Italy share banking experience

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VietnamPlus English 1 month(s) ago 2 duplicate news 1 related news

Vietnam, Italy share banking experience

Policies to stabilise the monetary market and finance small- and medium-sized enterprises (SMEs) topped the agenda of discussions between visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9.

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SBV to get rid of old banknotes

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VietNam News English 1 month(s) ago

To improve the quality of banknotes and reduce pressure on storage vaults, the State Bank of Viet Nam will expedite the elimination of substandard banknotes out of circulation in 2015.

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Vietcombank provides Vietnam Airlines $160 million

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Báo Đầu Tư English 2 month(s) ago

Vietcombank provides Vietnam Airlines $160 million

The Bank of Foreign Trade of Vietnam (Vietcombank) and Vietnam Airlines signed a credit agreement worth $160 million on December 18 to help the national flag carrier prepay for 8 Boeing BB787-9 aircraft and 10 A350-XWB aircraft.

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Vietnam plans faster lending in 2015 to spur growth

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Báo Thanh Niên English 2 month(s) ago 1 duplicate news

Vietnam plans faster lending in 2015 to spur growth

Vietnam expects lending to pick up next year, rising by up to 15 percent to accommodate a quicker economic expansion after inflation in 2014 was pegged at its lowest level in 13 years, central bankers said on Tuesday.

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New circular targets safer growth for banks: SBV

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

New circular targets safer growth for banks: SBV

State Bank of Viet Nam Deputy Governor Nguyen Thi Hong has affirmed the need for Circular 36, saying the regulations would help the Vietnamese banking sector develop more safely.

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