SBV announces compulsory M&A for weak banks

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Báo Đầu Tư English 9 hour(s) ago

The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer.

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Banking assets rise by 16% in 2016

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Báo Dân Trí English 22 hour(s) ago

The total assets of the Vietnamese banking industry reached VND8.5 quadrillion (USD360 billion) by the end of 2016, according to statistics provided by the State Bank of Vietnam (SBV).

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SBV removes father and son board members at Sacombank

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Báo Đầu Tư English 3 day(s) ago 1 related news

The State Bank of Viet Nam yesterday terminated Tram Be’s and Tram Khai Hoa’s membership in the management board at Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank).

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Vietnam bank tycoon Tram Be, son leave Sacombank

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Báo Tuổi Trẻ English 4 day(s) ago 1 related news

Tram Be, one of Vietnam’s most well-known banking moguls, and his son Tram Khai Hoa have officially had their membership of the board of directors at Sacombank terminated, the State Bank of Vietnam said Friday.

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Bank restructuring and settling bad debts: We need to be more critical

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Báo Đầu Tư English 6 day(s) ago 1 related news

The State Bank of Vietnam (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.

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Law to boost bank restructuring and settle bad debts: We need to be more critical

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Báo Đầu Tư English 6 day(s) ago 1 related news

The State Bank of Vietnam’s (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.

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Decree on functions, tasks, rights of State Bank of Viet Nam

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Báo điện tử CP English 6 day(s) ago

VGP – The Government has issued Decree No. 16/2017/NĐ-CP defining functions, tasks, rights and organizations of the State Bank of Viet Nam (SBV).

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VN, Cambodia state banks foster partnership

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Báo điện tử CP English 1 week(s) ago

VGP - Governor of the State Bank of Viet Nam (SBV) Le Minh Hung and Governor of the National Bank of Cambodia (NBC) Chea Chanto have agreed to step up the two banks’ win-win cooperation.

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Dollar rises to one-month high in Vietnam

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Báo Tuổi Trẻ English 1 week(s) ago

Banks in Vietnam increased U.S. dollar prices to a one-month high on Wednesday, reaching the VND22,820 mark and resting just below the ceiling set by the State Bank of Vietnam.

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Large sum of money withdrawn via OMO

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Viet Nam has withdrawn VND177 trillion (US$7.79 billion) via open market operations and the issue of treasury bills in the past week.

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New regulations on lending activities of foreign credit organizations

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers.

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Outstanding consumer loans capped at VND100m per person

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Báo Đầu Tư English 1 week(s) ago

A consumer can have a maximum outstanding loan of VND100 million (US$4,400) at financial firms, as per the State Bank of Viet Nam’s Decree No 43/2016.

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Prudential Finance receives certificate of merit from central bank’s governor

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Báo Tuổi Trẻ English 1 week(s) ago

Prudential Vietnam Finance Company Ltd. (Prudential Finance) has just been presented with “The State Bank of Vietnam Governor’s Award” for its outstanding contributions to the banking industry in 2014 and 2015.

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Vietnam targets 18% credit growth for this year

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Báo Dân Trí English 3 week(s) ago

The State Bank of Vietnam (SBV) has set a credit growth target of 18 % for this year and pledged to continue measures to keep credit growth adequate for economic growth.

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SBV: Using policy to battle volatility

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Báo Đầu Tư English 1 month(s) ago

Emerging markets are expected to experience great volatility and challenges in 2017, and their banking systems will likely be at the forefront of these difficulties. Yet, as State Bank of Vietnam Deputy Governor Nguyen Thi Hong tells VIR’s Hong Dung, things are brighter than they sound, given her great belief in local credit institutions and their development in 2017.

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