Bad debt situation worsens, but more slowly: Cbank

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Báo Tuổi Trẻ English 7 month(s) ago 1 related news

Bad debt situation worsens, but more slowly: Cbank

Though the total bad debt of the local banking system has risen to 8.8-10 percent from 3.05 percent of total outstanding loans at the end of 2011, the growth has slowed since June, said the central bank.

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Banks hike exchange rate again

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SaigonTimes English 6 day(s) ago

Banks hike exchange rate again

HCMC – Local banks increased the dong-U.S. dollar exchange rate to over VND21,000 on Thursday afternoon, with Techcombank quoting the rate at the upper limit of VND21,036 per dollar.

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More banks cut deposit rates

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

More banks cut deposit rates

A series of commercial banks like MB, Techcombank, ACB, Sacombank, VIB lowered deposit rates for some terms.

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Banks pay modest dividends as profits shrink

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Báo Tuổi Trẻ English 3 week(s) ago

Banks pay modest dividends as profits shrink

With profits slumping due to bad debts and a huge amount of loan loss provisions, many banks have paid their shareholders modest dividends out of poor 2012 business results.

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Banks wait for nod to join commodity market

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SaigonTimes English 1 month(s) ago

HCMC – Some foreign banks said they are waiting for approval from the Government to provide financial brokerage services in the local commodity market.

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Hiring foreign managers now in fashion

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VietnamNet English 1 month(s) ago

Hiring foreign managers now in fashion

VietNamNet Bridge – The appointment of foreigners into the key posts at Vietnamese businesses has always been the “hot news” for the public. However, foreign CEOs do not always bring the things businesses expect.

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Prudential, Hong Leong Bank in partnership deal

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SaigonTimes English 2 month(s) ago

The cooperation allows customers of the bank to access Prudential products in the entire network in HCMC, Hanoi City and Binh Duong Province. The insurer earlier inked bancassurance deals with multiple other banks in Vietnam such as Techcombank, Maritime Bank, ABBank and Agribank - Photo: Phuong Thao

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Banks start charging ATM transaction fees

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VietNam News English 2 month(s) ago

Banks start charging ATM transaction fees

Commercial banks have started charging fees on ATM withdrawals without improving their services.

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Vàng giảm xuống dưới 45 triệu đồng/lượng

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Nhân dân English 3 month(s) ago

NDĐT – Giá các thương hiệu vàng SJC hôm nay đồng loạt giảm sâu, mất mốc 45 triệu đồng/lượng, trong khi giá vàng thế giới đang có hướng tăng nhẹ trở lại sau một thời gian khá dài giảm giá.

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Local gold price fall after Lunar New Year holidays

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SaiGon GP English 3 month(s) ago 2 related news

Local gold price fall after Lunar New Year holidays

Local gold price recorded an impressive fall at companies and banks in the first trading day early this week after the Lunar New Year holiday, while the US dollars on the free market surged to over VND21,000

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Breakfast @ Tuoitrenews – January 20

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Báo Tuổi Trẻ English 4 month(s) ago

Breakfast @ Tuoitrenews – January 20

Tuoitrenews briefs some of the leading stories published today on Vietnamese media:

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Military Bank leads in profitability

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VietNam News English 4 month(s) ago 1 duplicate news

In 2012, for the first time, Military Bank saw the highest profit of all commercial joint stock banks.

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VPBank lifts curtain on high mobilisation rate

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Báo Đầu Tư English 4 month(s) ago

VPBank lifts curtain on high mobilisation rate

VPBank has revealed high mobilisation and credit growth rates compared to its peers.

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Techcombank appoints new board members

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Báo Đầu Tư English 5 month(s) ago

Techcombank appoints new board members

Techcombank has successfully held a shareholders’ meeting to appoint two new members to the board of directors and one new member to the supervisory board.

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Senior managers of Ethanol Plant absconding, leave huge debts

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SaiGon GP English 5 month(s) ago

Senior managers of Ethanol Plant absconding, leave huge debts

Senior managers of the Dai Tan Ethanol Plant in Dai Loc District in the central province of Quang Nam are currently absconding, leaving behind huge bank debts and unpaid salaries of workers.

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