PVFC agrees on plan to merge with Western Bank

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Báo Tuổi Trẻ English 1 hour(s) ago

PVFC agrees on plan to merge with Western Bank

A majority of the shareholders of the PetroVietnam Finance Join Stock Corporation (PVFC) has agreed upon the plan to have their institution merged with Phuong Tay (Western Bank).

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Bad debt situation worsens, but more slowly: Cbank

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Báo Tuổi Trẻ English 6 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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Ha Tinh border guards’ task performances reviewed

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Báo QĐND English 1 day(s) ago

Ha Tinh border guards’ task performances reviewed

PANO – A working delegation of the Inspectorate of the Defence Ministry inspected the activities to check illegal import of poultry and poultry products, smuggling and commercial fraud at the Border Post of the Cau Treo International Border Gate and Border Flotilla 2, under the Ha Tinh province’s Border Guard Command.

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How much is VAMC’s bond?

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VietnamNet English 1 day(s) ago

How much is VAMC’s bond?

VietNamNet Bridge – The Vietnam Asset Management Company (VAMC), a powerful legal entity established to restructure the bad debts, would issue bonds to deal with the debts. What analysts are most interested in now is how much the bond and how high the interest rates will be.

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Lending over 4 months up 2.1%

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VietNam News English 3 day(s) ago 2 duplicate news

Lending over 4 months up 2.1%

The outstanding loans given by commercial banks have increased 2.11 per cent since December, according to the State Bank of Viet Nam (SBV).

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Vietnam’s banks to sell bad debt to asset management company

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Báo Thanh Niên English 5 day(s) ago

Vietnam’s banks to sell bad debt to asset management company

Vietnam will force banks to sell bad debt to a soon-to-be established asset management company, according to State Bank of Vietnam Chief Inspector Nguyen Huu Nghia, as the government steps up efforts to revive the economy.

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Mortgage loan for social housing touches 6%

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Báo điện tử CP English 5 day(s) ago 4 related news

Mortgage loan for social housing touches 6%

VGP – The State Bank of Viet Nam and the Ministry of Construction on May 15 issued Circular 11 announcing an annual interest rate of 6% for loans used to purchase social houses.

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Mortgage loan for social housing touches 6%

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Hanoi Times English 4 day(s) ago 1 related news

The Hanoitimes - The State Bank of Viet Nam and the Ministry of Construction o­n May 15 issued Circular 11 announcing an annual interest rate of 6% for loans used to purchase social houses.

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Cheap home loans for low income earners

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VietNam News English 4 day(s) ago 1 related news

Cheap home loans for low income earners

From next month, low-income earners and investors can access preferential home loans of 6 per cent.

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Asset management body to be set up in bid to tackle debt

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VietNam News English 4 day(s) ago

The Viet Nam Asset Management Company (VAMC) will be established later this month, said member of the National Financial and Monetary Policy Advisory Council Le Xuan Nghia.

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SBV: VND30 trillion for housing assistance loans

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Báo Đầu Tư English 4 day(s) ago 1 related news

SBV: VND30 trillion for housing assistance loans

The State Bank of Vietnam (SBV) has announced it is making VND30 trillion ($1.44 trillion) available to five commercial banks to offer soft loans to home buyers and property developers in an attempt to stimulate the property market and resolve bad debts.

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SBV: VND30 trillion for housing assistance loans

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Nhân dân English 5 day(s) ago 1 related news

SBV: VND30 trillion for housing assistance loans

Nhan Dan Online – The State Bank of Vietnam (SBV) has announced it is making VND30 trillion (US$1.44 trillion) available to five commercial banks to offer soft loans to home buyers and property developers in an attempt to stimulate the property market and resolve bad debts.

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VN looks to stronger commercial ties with Iran

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Báo điện tử CP English 5 day(s) ago 5 related news

VN looks to stronger commercial ties with Iran

VGP – Deputy PM Vu Van Ninh said that Viet Nam hopes to cement and deepen commercial ties with Iran while meeting with Iranian Industry, Mine and Trade Minister Mehdi Ghazanfari in Hanoi on May 15.

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Deposit interest rates go down, where the money goes to then?

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VietnamNet English 5 day(s) ago 3 related news

Deposit interest rates go down, where the money goes to then?

VietNamNet Bridge – Since commercial banks have lowered the interest rates, depositing has become less attractive in the eyes of investors. They may withdraw money from banks to put into production and business projects, or invest in securities as the stock index is on the rise.

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State Bank cuts interest rate

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Báo Đầu Tư English 5 day(s) ago 3 related news

State Bank cuts interest rate

The State Bank last week announced a 1 per cent cut on base interest rates to promote economic growth—the eighth reduction since the beginning of 2012.

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