Moody’s cautious on GDP growth, warns of credit bubble

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VietStock FI English 6 hour(s) ago

Global credit rating agency Moody’s Investors Services said yesterday that Cambodia’s B2/stable sovereign credit rating was supported by its robust economic growth and modest debt burden, but its narrowly focused industrial sector and low incomes were weighing on overall economic strength. In addition, the fast pace of credit growth, though slowing over the last year, could pose financial stability risks.

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All calm before the next M&A storm

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Báo Đầu Tư English 3 day(s) ago

All calm before the next M&A storm

The banking and finance sector has seen a multitude of deals taking place in various circumstances over the past years, covering all ends of the spectrum: voluntary and mandatory merger and acquisition (M&A) transactions, large and small-scale alike. However, the M&A market seems to have stalled at the outset of 2016, bringing a spell of heavy silence over the previous crescendo of forward march.

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Vietnam plans to up tilapia production by 160%

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Báo Dân Trí English 5 day(s) ago

Aquaculture is recognized globally as a growth industry, with a good potential for increased development and economic gain, says the Ministry of Agriculture and Rural Development (MARD).

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SBV to submit restructuring project to PM

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Báo Đầu Tư English 1 week(s) ago

SBV to submit restructuring project to PM

The State Bank of Viet Nam (SBV) expects to submit to Prime Minister Nguyen Xuan Phuc a project to restructure credit institutions between 2016 and 2020 in Q3 of 2016.

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New US partner to boost credit reporting

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VietStock FI English 1 week(s) ago

Cambodia's credit bureau is looking to leverage the resources and experience of US-based Equifax, one of the three biggest American credit report agencies, to expand its credit analysis capabilities and introduce new products to the local market, its chief executive officer said yesterday.

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Banking system takes action to assist businesses

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Báo Đầu Tư English 1 week(s) ago

Banking system takes action to assist businesses

Supporting businesses is among the focal tasks of the banking system till 2020, Deputy Governor of the State Bank of Viet Nam (SBV) Dao Minh Tu has said.

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SBV reassures people of Maritime Bank's operations

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Báo Đầu Tư English 1 week(s) ago

SBV reassures people of Maritime Bank's operations

The State Bank of Viet Nam (SBV) confirmed on August 15 that it has the full capacity to support and maintain the normal operation of credit institutions, ensuring the interests of consumers.

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VAMC can meet debt recovery target this year

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Báo Đầu Tư English 1 week(s) ago

VAMC can meet debt recovery target this year

The Viet Nam Asset Management Company (VAMC) could meet a target to recover VND30 trillion (US$1.339 billion) of bad debts this year, VAMC Deputy General Director Nguyen Van Thang said.

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Cutting interest rate is feasible in year end

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

Cutting interest rate is feasible in year end

VGP - Stable current liquidity in the banking system ensured money supply for the economy in 2016 and provides room for cutting interest rates in the rest of 2016, assessed a senior banking expert.

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Banks call for customers' caution against cyber attacks

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Báo Đầu Tư English 1 week(s) ago

Banks call for customers' caution against cyber attacks

Commercial banks have called for customers to use caution when using telephones and the internet, as hackers may steal from them.

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Vietcombank blames phishing scam as customer loses $22,300 overnight

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Báo Tuổi Trẻ English 1 week(s) ago

A Vietcombank ATM cardholder has complained having lost VND500 million (US$22,321) in her account overnight earlier this month, with the lender claiming its customer was victim of a phishing scam.

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VAMC speeds up NPLs settlement

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

VAMC speeds up NPLs settlement

VGP – As much as VND 59.7 trillion of non-performing loans were handled in the first half of 2016, according to the Viet Nam Asset Management Company (VAMC).

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Vietnam banks bad debts drop to 2.58 pct: data

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Báo Thanh Niên English 2 week(s) ago

The bad debts ratio of the Vietnamese banking sector declined to 2.58 percent as of the end of June, according to new official figures.

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Bombs in Thai resort kill one, injure nine, including foreigners: police

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Báo Thanh Niên English 2 week(s) ago 4 related news

Bombs in Thai resort kill one, injure nine, including foreigners: police

Two bombs exploded in the Thai seaside resort of Hua Hin on Thursday, killing one woman and injuring 10 people, Thai police said.

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Vietnam banks' bad debts dip to 2.58 pct of loans in June: cbank

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Báo Tuổi Trẻ English 2 week(s) ago 1 duplicate news

Vietnam banks' bad debts dip to 2.58 pct of loans in June: cbank

Aug 11 - Toxic debts in Vietnamese banks accounted for 2.58 percent of outstanding loans at the end of June, declining from 2.78 percent in the previous month, the central bank said on Thursday.

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