Bankrupt creditors may be aided to refund customers

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Báo Đầu Tư English 1 week(s) ago

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Viet Nam (SBV) and other financial firms.

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State Bank works to maintain stable interest rates

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.

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Handbook helps banks weigh projects

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Viet Nam has coordinated with the International Finance Corporation (IFC) to prepare a handbook on social and environmental risk assessment for 10 economic sectors serving credit operations of commercial banks.

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SBV to stop acquiring weak banks at zero Dong

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Báo Dân Trí English 2 week(s) ago 1 related news

The State Bank of Vietnam (SBV) will stop the acquisition of poor-performing commercial banks at zero Dong as it did previously.

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SBV to stop acquiring weak banks at zero đồng

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Báo Đầu Tư English 2 week(s) ago 1 related news

The State Bank of Việt Nam (SBV) will stop the acquisition of poor-performing commercial banks at zero đồng as it did previously.

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Vietnam lucrative for foreign banks

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Báo Dân Trí English 2 week(s) ago 1 related news

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.

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Vietnam lucrative for foreign banks

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Báo Đầu Tư English 2 week(s) ago 1 related news

Last month, United Overseas Bank became the first Singaporean bank to receive an approval to open a wholly-owned subsidiary in Vietnam. The decision was announced by the State Bank of Vietnam (SBV) following Singaporean Prime Minister Lee Hsien Loong’s visit to Vietnam on March 21-24. The bank will be the ninth fully foreign-owned bank in Vietnam.

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Banking system’s bad debt controlled under 3%

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Báo điện tử CP English 3 week(s) ago

VGP – The proportion of bad debt of the banking system has been maintained under 3% and tended to decrease, according to the State Bank of Viet Nam (SBV).

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VND0 takeover or bankruptcy?

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Báo Đầu Tư English 2 week(s) ago

The method of acquiring weak banks at VND0 is officially adopted on the draft law on supporting the restructuring of credit institutions and non-performing loan (NPL) settlement, composed by the State Bank of Vietnam (SBV). However, buying at the price of VND0 or boldly letting poorly performing commercial banks go bankrupt remains a dilemma.

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Local banks confirms no interest rate rise now

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Báo Dân Trí English 3 week(s) ago 1 related news

Commercial banks now have no pressure on the interest rates and have no plan to adjust interest rates in the coming months, according to a Tuesday meeting between deputy governor of the state bank, Nguyen Thi Hong with representatives of 21 commercial banks.

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Local banks confirms no interest rate hike in coming months

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Báo Dân Trí English 3 week(s) ago 1 related news

Commercial banks now have no pressure on the interest rates and have no plan to adjust interest rates in the coming months, according to a Tuesday meeting between deputy governor of the state bank, Nguyen Thi Hong with representatives of 21 commercial banks.

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SBV to issue regulations on $4.4b preferential credit package in April

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Báo Đầu Tư English 3 week(s) ago

The State Bank of Viet Nam (SBV) will issue regulations on directing and guiding commercial banks to implement a VND100 trillion (US$4.4 billion) credit package with preferential interest rates for high-tech agriculture projects.

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Founder mulls return to Sacombank after five-year absence

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Báo Tuổi Trẻ English 3 week(s) ago

The information of potential candidates to participate in the restructuring of Sacombank, one of Vietnam’s largest joint stock commercial banks, has attracted increasing public interest in recent days, particularly thanks to the presence of some ‘heavyweight candidates.’

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Asia-Pacific Financial Inclusion Summit opens

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

VGP - The 2017 Asia-Pacific Financial Inclusion Summit themed “Advancing Financial Inclusion in a Digital Age” has opened at the JW Marriottin Ha Noi.

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 1 month(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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