SBV suspends Ocean Bank's chairman

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VietNam News English 13 hour(s) ago

The State Bank of Viet Nam (SBV) has suspended Chairman of the Ocean Commercial Joint Stock Bank's Board of Directors Ha Van Tham for serious violations of Viet Nam's laws.

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Vietnam public debts continue to rise

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Báo Thanh Niên English 5 day(s) ago

Vietnam public debts continue to rise

Servicing of Vietnam’s public debts, including those borrowed to pay older loans, is estimated to account for 26.2 percent of the government’s revenues this year, higher than the 25 percent cap that is in place, Prime Minister Nguyen Tan Dung said.

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Credit institutions to help regional farmers

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

Domestic and international banking experts are discussing ways to provide funds and boost sustainable agricultural production at a regional forum on agricultural financing in Hanoi that run from October 22 to 25.

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Credit institutions to help regional farmers

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VietnamPlus English 1 day(s) ago 1 related news

Domestic and international banking experts are discussing ways to provide funds and boost sustainable agricultural production at a regional forum on agricultural financing in Hanoi that run from October 22 to 25.

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Tra sector asks for more support

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VietNam News English 2 day(s) ago

The Viet Nam Tra Fish Association has asked the Government to continue its export credit assistance policy and loosen up lending regulations to help the tra fish industry overcome difficulties.

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Credit institutions to help regional farmers

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VietNam News English 2 day(s) ago

Credit institutions to help regional farmers

Viet Nam News talks with Secretary General of the Asia-Pacific Rural and Agricultural Credit Association Chamnong Siriwongyotha about how the association helps regional farmers

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New circular guides registration of foreign loans

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Báo Đầu Tư English 3 day(s) ago

New circular guides registration of foreign loans

The State Bank of Viet Nam (SBV) issued Circular 25/2014/TT-NHNN on 15 September 2014 containing guidelines for registering foreign loans that are not guaranteed by the Government (hereinafter referred to as foreign loans) as well as changes made to them. The Circular applies to residents that are enterprises, co-operatives, co-operative alliances and credit institutions other than State owned commercial banks, and foreign bank branches established and operating in Viet Nam as borrowers ("Borrower"), and organisations and individuals involved in the...

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Efforts underway to lower bad debt to 3 percent

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VietnamPlus English 3 day(s) ago

Efforts underway to lower bad debt to 3 percent

The Vietnamese Government is striving to reduce the proportion of bad debts to approximately 3 percent, according to the government report on socio-economic development 2014/2015, which was presented at the ongoing eighth session of the 13th National Assembly.

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San Chay people’s dance recognised as national intangible cultural heritage

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Báo Đầu Tư English 4 day(s) ago

San Chay people’s dance recognised as national intangible cultural heritage

Tac Xinh dance of the San Chay ethnic minority people in Phu Luong district, the northern province of Thai Nguyen has been declared a national intangible cultural heritage.

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Firms seek unsecured bank loans

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VietNam News English 4 day(s) ago 2 duplicate news

Firms seek unsecured bank loans

Businesses have asked banks to give more unsecured loans based on business credit rating in a move to unclog the credit sources.

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Thailand ranks 6th in global unequal wealth distribution list

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VietnamPlus English 5 day(s) ago

Thailand ranks 6th in global unequal wealth distribution list

Thailand ranked 6th among the most unequal countries in the world in terms of wealth distribution, a new survey revealed.

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Exports to grow by 15.9% this year: HSBC

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VOV News English 5 day(s) ago 1 duplicate news

Exports to grow by 15.9% this year: HSBC

(VOV) - Vietnam is quietly fixing itself. After years of credit-intensive growth, with most capital channelled into the inefficient state-owned sector, the country is taking a breather and focusing on a more sustainable growth strategy – exports.

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Citi new electronic supplier finance platform launched

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Báo Đầu Tư English 5 day(s) ago

Citi new electronic supplier finance platform launched

Citi Vietnam has unveiled Citi ® Supplier Finance – a global pioneering supply chain finance initiative targeting top-tier multinational corporations and their preferred suppliers.

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Foreigner suspected in $4,700 credit card fraud

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Báo Thanh Niên English 5 day(s) ago

Foreigner suspected in $4,700 credit card fraud

Ho Chi Minh City police are tracking down a foreigner who allegedly used a fake credit card to buy two laptops and a tablet worth more than VND100 million (US$4,712) at a local shop.

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Additional loans of 94 million USD for agricultural development

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VietnamPlus English 5 day(s) ago

The governor of the State Bank has approved nearly 2 trillion VND (94 million USD) in loans to 19 agricultural project under a pilot preferential credit programme tailored for agricultural development.

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