SBV takes over OceanBank

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Báo Đầu Tư English 16 hour(s) ago

SBV takes over OceanBank

The State Bank of Viet Nam (SBV) announced the takeover of the Ocean Commercial Joint Stock Bank (OceanBank) on April 25.

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State Bank buys out Ocean Bank

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VietnamPlus English 20 hour(s) ago

The State Bank of Vietnam (SBV) will put loss-making Ocean Bank under special surveillance in accordance with the law due to its weak performance and numerous violations of the law.

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State Bank takes over OceanBank

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VietnamNet English 21 hour(s) ago

At a shareholders’ meeting of Ocean Joint Stock Commercial Bank on Saturday, the State Bank of Vietnam (SBV) announced an obligatory purchase of all OceanBank shares putting an end to its shareholders’ rights and benefits.

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Experts propose flexible forex policy

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VOV News English 21 hour(s) ago

Experts propose flexible forex policy

Economic experts have suggested the State Bank of Vietnam (SBV) adopt a flexible foreign exchange policy and adjust it based on supply and demand, instead of forcing the Vietnam dong-US dollar exchange rate to move within 2% a year.

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MOF fears state budget lacks money as banks don’t buy bonds

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VietnamNet English 2 day(s) ago 1 related news

MOF fears state budget lacks money as banks don’t buy bonds

VietNamNet Bridge - The Ministry of Finance (MOF) has warned that the state budget will lack VND32 trillion this year because of the cap the State Bank of Vietnam (SBV) has set on the amount of government bonds commercial banks can buy.

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Does Central Bank breaks the law when determining banks’ dividends?

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VietnamNet English 21 hour(s) ago

Does Central Bank breaks the law when determining banks’ dividends?

VietNamNet Bridge - The State Bank of Vietnam’s (SBV) announcement to determine the dividends commercial banks can pay to their shareholders has raised controversy about its legitimacy.

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Vietnam cbank acquires second weak bank as part of restructuring scheme

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Báo Tuổi Trẻ English 2 day(s) ago

Vietnam cbank acquires second weak bank as part of restructuring scheme

The State Bank of Vietnam (SBV) has sped up to carry out its scheme to restructure the banking system this year with the acquisition of the second weak bank, Ocean Bank, of which many leaders have been arrested for alleged violations of economic management regulations from last year to this year.

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Banks see improved business climate in 2015

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Báo Dân Trí English 6 day(s) ago 2 related news

Banks see improved business climate in 2015

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Vietnam (SBV) survey said.

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Banks see improved business climate in 2015

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VietnamPlus English 6 day(s) ago 2 related news

Banks see improved business climate in 2015

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Vietnam (SBV) survey said.

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Banks see improved business climate in 2015

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VietNam News English 6 day(s) ago 2 related news

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Viet Nam (SBV) survey said.

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Vietnam to allow greater foreign stakes in banks

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Báo Thanh Niên English 7 day(s) ago 3 related news

Vietnam to allow greater foreign stakes in banks

Vietnam is changing rules to allow foreign investors bigger stakes in local banks in its latest move to rebuild a financial sector battered by bad debt, according to the country's prime minister.

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Speculation blamed for dollar price fluctuations

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VietnamNet English 7 day(s) ago

Speculation blamed for dollar price fluctuations

VietNamNet Bridge - The dollar price has been increasing for a month, while the official dong/dollar exchange rate remains unchanged as the State Bank has committed not to devalue the dong by more than 2 percent in 2015.

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Loan demand rises as from March

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VietnamPlus English 7 day(s) ago 1 duplicate news

Financial institutions have reported a rise in the demand for loans since the beginning of March, according to a survey conducted by the Monetary Forecast and Statistics Department under the State Bank of Vietnam.

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‘Hunger era’ in Vietnam – P1: Job’s tears during late 1970s-80s

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Báo Tuổi Trẻ English 7 day(s) ago

‘Hunger era’ in Vietnam – P1: Job’s tears during late 1970s-80s

Vietnam experienced its hardest peacetime period during the late 1970s and 1980s when even senior leaders did not have enough rice for two meals a day, which was a result of wrong economic and political policies.

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Six small banks find partners

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VietnamNet English 7 day(s) ago

Six small banks find partners

VietNamNet Bridge - Small banks merging with big banks to form stronger institutions is a growing trend in Vietnam.

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