Moody's outlook remains stable for Vietnam banking system

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Báo Dân Trí English 21 hour(s) ago

Credit ratings agency Moody’s has indicated that the outlook for the banking system in Vietnam (B1 stable) is stable over the next 12-18 months, reflecting Moody's expectation that the country's macroeconomic stability and resilient economic growth will continue to support the banks' weak credit profiles.

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Nonghyup Bank opens branch in Hanoi

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Báo Đầu Tư English 2 day(s) ago

South Korea’s largest bank Nonghyup Bank has received an official license from the State Bank of Vietnam (SBV) to open a branch in Hanoi.

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Lending expands over 14% as of November 22

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Báo Đầu Tư English 3 day(s) ago

Lending of the banking sector as of November 22 had expanded by around 14 per cent against December last year, with đồng loans rising 15.3 per cent and foreign currency loans increasing 2.8 per cent, State Bank of Việt Nam Deputy Governor Đào Minh Tú reported.

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Vietnam expert warns of easy access Chinese loans

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Báo Tuổi Trẻ English 4 day(s) ago

It is easy to access Chinese infrastructure loans, but the real cost is actually high for borrowers, once all factors are carefully considered, an economic expert has warned.

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State Bank set limits on credit card compensation

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Báo Đầu Tư English 6 day(s) ago

Credit card service providers will have to compensate card owners for any probable loss not caused by the owners, starting November 28, 2016.

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Consumption loans jump in HCM City

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Báo Đầu Tư English 6 day(s) ago

Consumer credit in HCM City has grown by an average of 20 per cent per year during 2012-2015, according to the State Bank of Viet Nam.

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GDP hits 13-year low, but positive signs exist

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Báo Tuổi Trẻ English 51 month(s) ago

Recently-released macroeconomic indicators showed that slower-than-normal credit growth and inflation have taken their toll on the country’s gross domestic product (GDP) growth in 2012. Still, the country has become a net exporter for the first time after 20 years with $248 million.

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Petro Vietnam takes credit loans for power project

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Báo Đầu Tư English 1 week(s) ago

Vietnam National Oil and Gas Group (PetroVietnam) on November 23 signed a contract with the Export-Import Bank of Korea (Korea Eximbank) for funding the Song Hau 1 thermal power project.

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Apply a balanced scorecard to your investment

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Báo Đầu Tư English 1 week(s) ago

Applying the basic idea behind the balanced scorecard (BSC) to investments will help ensure a positive outcome.

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VN needs more cheap housing: VNREA

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Báo Đầu Tư English 1 week(s) ago

The local real estate market has recovered but the State should provide policies to develop small and cheap apartments due to increasing demand, according to the Viet Nam Real Estate Association (VNREA).

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VietinBank to enhance operational risk management

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Báo Đầu Tư English 1 week(s) ago

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) recently hosted a conference titled “Operational Risk Management: An update on current trends and recommended application in Vietnam commercial banks” in Hanoi.

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Lenders licensed for foreign currency loans

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Báo Dân Trí English 1 week(s) ago

Foreign banks and credit institutions will be licensed to lend in foreign currencies to export enterprises, which will provide short-term capital to exporters and manufacturers.

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Banks cut back lending for property sector

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Báo Đầu Tư English 2 week(s) ago

The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points.

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Banks find it difficult to increase capital

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Báo Đầu Tư English 3 week(s) ago

This year 17 commercial banks had planned to increase their capital, but only two managed to do so.

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Ha Noi launches consumer promotion month

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Báo Đầu Tư English 3 week(s) ago

Nearly 500 enterprises participated in the launch of Ha Noi Promotion Month on Friday, offering wide-scale discounts at 1,000 sale locations.

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