Bangkok Bank targets 18 percent growth in Vietnam: report

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Báo Thanh Niên English 1 month(s) ago

Bangkok Bank, Thailand’s largest lender by assets, has more than tripled its registered capital in Vietnam as it targets an ambitious loan growth of 18 percent this year.

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Vietnam's consumer loans see 5-year high growth, top $15 billion

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Báo Thanh Niên English 1 month(s) ago

Driven by a "significant" change in Vietnamese borrowing behavior and high demand for housing loans, loans in Vietnam's consumer finance market rose 44.1 percent to US$15.12 billion in 2015, according to new data.

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Circular tightens offshore borrowings

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Báo Đầu Tư English 2 month(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Official goes to high places with a borrowed diploma

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Báo Dân Trí English 2 month(s) ago

Official goes to high places with a borrowed diploma

Fake certificates are not rare in Vietnam, in fact, the forgery market is so rampant that one official with a borrowed diploma to ascend the career ladder claimed that he thought it was no big deal.

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Who will lose out when Vietnam's government increases borrowing?

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Báo Thanh Niên English 2 month(s) ago

Who will lose out when Vietnam's government increases borrowing?

Financing has always been one of the biggest issues for businesses in Vietnam, but economists now warn that it can be even much harder for the private sector to secure bank loans in the months ahead because of a major cash-thirsty competitor: the government.

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Fisheries firm execs arrested for fraud loans worth millions

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Báo Thanh Niên English 3 month(s) ago

Fisheries firm execs arrested for fraud loans worth millions

The Ministry of Public Security has arrested the director of a fisheries company in Can Tho city and his accountant for fraudulently borrowing millions of dollars from banks and cooking their company’s books to conceal their wrongdoing.

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HAGL attempts to offset home losses by foreign expansion

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Báo Đầu Tư English 3 month(s) ago

HAGL attempts to offset home losses by foreign expansion

Hoang Anh Gia Lai Group (HAGL) continues to expand to foreign markets in the context of its troubling business results at home.

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Vietnam to change ODA allotment rule for better money use

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam to change ODA allotment rule for better money use

The Vietnamese government is changing the way official development assistance (ODA) loans it borrows from global sponsors are distributed to local-level administrations in the hope of ensuring the money is spent more effectively.

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Students borrow high-rate loans from illegal lenders

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VietnamNet English 4 month(s) ago

Students borrow high-rate loans from illegal lenders

VietNamNet Bridge – Students borrowing money with high interest rates from illegal lenders who provide easy loan procedures may face complicated consequences.

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Interbank market rates remain high

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Báo Đầu Tư English 5 month(s) ago

Interbank market rates remain high

Interbank market rates rose steeply from November to December 2015. They reached a two-year peak at five per cent per annum, and remained high till the end of the year at rates that were the same as the borrowing cost of reverse repos via open market operations.

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Banks adjust up short-term deposit rates ahead of Tet

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VOV News English 6 month(s) ago

Banks adjust up short-term deposit rates ahead of Tet

A number of banks are joining a race to hike interest rates for short-term deposits in Vietnam dong by 20 to 80 basis points, coupled with promotion programs, to mobilize more capital for higher lending demand ahead of the Lunar New Year holiday (Tet).

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Students can borrow VND1.25 mil per month for studies

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SaiGon GP English 6 month(s) ago

Starting on January 9, 2016, students are eligible for borrowing VND 1.25 million (US$56.4) per month per student as per the Prime Minister’s decision.

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Lending in foreign currency regulations

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Báo Đầu Tư English 6 month(s) ago

Lending in foreign currency regulations

The State Bank of Vietnam (SBV) has issued Circular No. 24/2015/TT-NHNN on providing foreign currency loans by credit institutions and foreign bank branches to residents. The Circular applies to credit institutions and foreign bank branches allowed to conduct foreign-exchange activities and lending in foreign currency ("Lender"), and residents borrowing from Lenders ("Borrower").

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HCM City faces shortage of $2b for infrastructure

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VietnamNet English 6 month(s) ago 2 related news

HCM City faces shortage of $2b for infrastructure

HCM City faces a deficit of around VND42 trillion (US$2 billion) in infrastructure funding over the next five years, the head of a State financial firm has said.

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HCM City court sentences nine in Agribank financial loss case

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Báo Dân Trí English 6 month(s) ago 1 duplicate news

HCM City court sentences nine in Agribank financial loss case

The Ho Chi Minh City People’s Court on December 21 handed down sentences to nine defendants related to a financial loss case at a branch of the State-owned Bank for Agriculture and Rural Development (Agribank).

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