SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 3 day(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Banks foresee good profit in 2017

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Báo Dân Trí English 2 week(s) ago 2 related news

Compared to 2016, banks are looking at brighter prospects in 2017 as many indexes look like they are on a trend of improvement.

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Banks foresee good profit in 2017

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

Compared to 2016, banks are looking at brighter prospects in 2017 as many indexes look like they are on a trend of improvement.

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Conference hones in on banking IT safety

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Báo Đầu Tư English 2 week(s) ago

The deputy governor of the State Bank of Viet Nam (SBV), Nguyen Kim Anh, noted at a conference on information security in the banking sector on Wednesday that the Vietnamese banking system has always prioritised investment in resources for IT infrastructure security.

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Small business affected by new lending circular

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Báo Dân Trí English 3 week(s) ago

A circular issued by the State Bank of Vietnam (SBV), which comes into effect on March 15, may affect small-sized enterprises as they will have to borrow from credit institutions at higher interest rates.

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SBV announces compulsory M&A for weak banks

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

The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer.

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Banking assets rise by 16% in 2016

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Báo Dân Trí English 3 week(s) ago

The total assets of the Vietnamese banking industry reached VND8.5 quadrillion (USD360 billion) by the end of 2016, according to statistics provided by the State Bank of Vietnam (SBV).

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SBV removes father and son board members at Sacombank

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

The State Bank of Viet Nam yesterday terminated Tram Be’s and Tram Khai Hoa’s membership in the management board at Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank).

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Bank restructuring and settling bad debts: We need to be more critical

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

The State Bank of Vietnam (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.

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Law to boost bank restructuring and settle bad debts: We need to be more critical

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

The State Bank of Vietnam’s (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.

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Sumitomo Mitsui expands leasing business with BIDV

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Báo Đầu Tư English 1 month(s) ago

Japan’s Sumitomo Mitsui Trust Bank and Vietnam’s BIDV will now join hand to expand a joint venture leasing business in the Southeast Asia country, according to Sumitomo Mitsui Trust Holdings’ latest press release.

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Decree on functions, tasks, rights of State Bank of Viet Nam

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Báo điện tử CP English 1 month(s) ago

VGP – The Government has issued Decree No. 16/2017/NĐ-CP defining functions, tasks, rights and organizations of the State Bank of Viet Nam (SBV).

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VN, Cambodia state banks foster partnership

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Báo điện tử CP English 1 month(s) ago

VGP - Governor of the State Bank of Viet Nam (SBV) Le Minh Hung and Governor of the National Bank of Cambodia (NBC) Chea Chanto have agreed to step up the two banks’ win-win cooperation.

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Prudential Finance receives certificate of merit from central bank’s governor

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Báo Tuổi Trẻ English 1 month(s) ago

Prudential Vietnam Finance Company Ltd. (Prudential Finance) has just been presented with “The State Bank of Vietnam Governor’s Award” for its outstanding contributions to the banking industry in 2014 and 2015.

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Vietnam targets 18% credit growth for this year

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Báo Dân Trí English 1 month(s) ago

The State Bank of Vietnam (SBV) has set a credit growth target of 18 % for this year and pledged to continue measures to keep credit growth adequate for economic growth.

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