Short-term deposit rates forecast to reduce in 2017

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Báo Đầu Tư English 2 hour(s) ago

The market research company Market Intello forecast that the average interest rate this year would reduce by 0.5 percentage points compared with 2016.

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Bank security lacking: SBV

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Báo Đầu Tư English 6 day(s) ago

In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Việt Nam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.

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Banking VN 2017 to be held

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

VGP - The 2017 Banking Viet Nam Conference and Expo will be held from May 18 - 19 in Ho Chi Minh City.

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Vietnamese lenders shut down night-time ATM services for better security

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Báo Tuổi Trẻ English 2 week(s) ago

Several banks in Vietnam have decided to stop providing their ATM services at night-time in order to prevent criminals from stealing money from their customers’ accounts.

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Secret weapons in exchange rate operations

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Báo Đầu Tư English 2 week(s) ago

The secret and most important weapons for the State Bank of Vietnam (SBV) to operate the exchange rate are the foreign currency trading volumes and the daily average exchange rate.

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ATM services must be ensured during holiday: State Bank

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Báo Đầu Tư English 3 week(s) ago

State Bank of Viet Nam (SBV) has urged commercial banks and card issuers to ensure smooth operation of automatic telling machines (ATMs) during the forthcoming Reunification Day (April 30th) and International Labour Day (May 1st).

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Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 1 month(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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State Bank works to maintain stable interest rates

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Báo Đầu Tư English 1 month(s) ago

The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.

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Handbook helps banks weigh projects

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Báo Đầu Tư English 1 month(s) ago

The State Bank of Viet Nam has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.

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SBV to stop acquiring weak banks at zero Dong

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

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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Vietnam lucrative for foreign banks

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

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.

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Vietnam lucrative for foreign banks

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

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.

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Banking system’s bad debt controlled under 3%

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Báo điện tử CP English 1 month(s) ago

VGP – The proportion of bad debt of the banking system has been maintained under 3% and tended to decrease, according to the State Bank of Viet Nam (SBV).

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VND0 takeover or bankruptcy?

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Báo Đầu Tư English 1 month(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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