State banks told to buy back state-owned institutions’ bank stakes

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VietnamNet English 16 hour(s) ago

State banks told to buy back state-owned institutions’ bank stakes

VietNamNet Bridge – The Prime Minister’s Decision No 51 issued on September 15 requires the State Bank of Vietnam (SBV), or state-owned commercial banks appointed by SBV, to buy back capital contributed by state-owned institutions to credit institutions, if the capital is equivalent to 5 percent or higher of the credit institutions’ chartered capital.

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DPM receives JP Morgan Chief Executive

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Báo điện tử CP English 1 day(s) ago 5 related news

DPM receives JP Morgan Chief Executive

VGP – Viet Nam welcomes the world's leading financial services firms like JP Morgan to invest in infrastructure development and join in the restructuring process of Vietnamese credit institutions, said Deputy PM Vu Van Ninh.

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Licenses of two foreign banks revoked

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VietnamNet English 22 hour(s) ago

Licenses of two foreign banks revoked

VietNamNet Bridge – The central bank has withdrawn the licenses of two foreign banks, Laos-Vietnam Joint Venture Bank and Credit Agricole Bank, according to a State Bank of Vietnam’s (SBV) report to the National Assembly Standing Committee.

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State Governor talks about NPLs

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Báo điện tử CP English 2 day(s) ago 3 related news

State Governor talks about NPLs

VGP – State Governor of Viet Nam Nguyen Van Binh on Monday clarified a number of issues relevant to the efficiency of the Viet Nam Asset Management Company as well as the settlement of non-performing loans (NPLs) at the Q&A session of the National Assembly Standing Committee.

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Khmer pagoda, a must-visit destination of Bac Lieu

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Báo Thanh Niên English 23 hour(s) ago

Photo credit: Vietnam News Agency

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Decree regulates credit rating firm operations

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VietNam News English 1 day(s) ago

The Decree 88/2014/ND-CP, issued last week to regulate the operations of credit rating firms, does not allow the use of State capital to establish credit rating firms.

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Vietnam loan growth surges, central bank governor says year target of 12-14 pct reachable

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Báo Thanh Niên English 2 day(s) ago

Vietnam loan growth surges, central bank governor says year target of 12-14 pct reachable

Credit for property and high-tech industries prompted a surge in lending by Vietnam's banks during September, making the country's annual target of 12-14 percent "absolutely reachable", according to the central bank governor.

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Economic restructuring remains difficult

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VietnamNet English 2 day(s) ago

Economic restructuring remains difficult

VietNamNet Bridge – The bi-annual Autumn Economic Forum 2014 held in the northern province of Ninh Binh last Saturday was seeking fresh ways to speed up Viet Nam's economic restructuring process.

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Vietnam recognizes 116-year-old Mo Nong as oldest living man

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Báo Thanh Niên English 2 day(s) ago 1 related news

Vietnam recognizes 116-year-old Mo Nong as oldest living man

The Vietnam Book of Records (Vietkings) recognized 116-year-old Y’N Dong of the Mo Nong ethnic minority community in Dak Nong Province as the oldest living man in Vietnam. Photo credit: Vietkings

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France helps cope with climate change

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Báo điện tử CP English 2 day(s) ago 3 related news

VGP – The Ministry of Finance and the French Agency for Development on Tuesday signed a credit agreement under which France will provide a €20 million loan for Viet Nam to cope with climate change.

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France helps Vietnam cope with climate change

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VOV News English 2 day(s) ago 1 related news

France helps Vietnam cope with climate change

(VOV) - The French Agency for Development (AFD) on September 30 signed a credit agreement in Hanoi providing EUR20 million in preferential loans in support of a continuing programme to develop a long-term governmental climate change adaptation strategy for Vietnam.

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Businesses faces capital problems

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VietnamPlus English 2 day(s) ago

The Vietnamese economy is facing three major challenges, namely low credit growth, slow pace of non-performing loan settlement, and sluggish business and production, the Government news portal quoted former Deputy Minister of Planning and Investment Cao Viet Sinh as saying.

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SBV circular regulates consumer lending

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VietnamPlus English 2 day(s) ago 1 related news

The State Bank of Vietnam (SBV) recently released a draft circular on consumer lending following the setting up by commercial banks of subsidiary finance companies for the purpose.

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Constituents hail monetary policies, but more need to be done

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VietnamPlus English 2 day(s) ago

Monetary policies have produced good results so far, but there is still room for improvement, constituents concluded after the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh responded to questions during the 31st session of the National Assembly Standing Committee in Hanoi on September 29.

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ANZ bids SSI farewell

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Báo Đầu Tư English 3 day(s) ago

ANZ bids SSI farewell

Saigon Securities Inc. (SSI) has announced that ANZ plans to sell the bank’s entire stake in the local brokerage after seven years as strategic shareholder.

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