Dollar strengthens as central bank lifts rate

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Báo Đầu Tư English 15 hour(s) ago

Dollar strengthens as central bank lifts rate

The US dollar strengthened at domestic commercial banks on Monday, following an increase in the reference exchange rate that the State Bank of Viet Nam adjusted for the day.

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Overseas remittances contribute to production, trading in HCMC

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SaiGon GP English 1 day(s) ago

Overseas remittances contribute to production, trading in HCMC

Overseas remittances to Ho Chi Minh City were estimated to reach US$2.1 billion in the first half this year, up 3 percent over the same period last year, said deputy director of the State Bank of Vietnam in HCMC Nguyen Hoang Minh .

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VAMC special bond terms to be extended

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Báo Đầu Tư English 5 day(s) ago

VAMC special bond terms to be extended

Terms for special bonds issued by the Viet Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Viet Nam newly-issued regulation.

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Vietnam's central bank to acquire 52 percent stake in PVcomBank

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Báo Thanh Niên English 6 day(s) ago

The State Bank of Vietnam has approved a plan to acquire a stake of 52 percent in state-controlled PVcombank as part of the ongoing restructuring process at the medium-sized lender, local media reported on Wednesday.

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Banks try to cut loan rates but seek Gov't help

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Báo Đầu Tư English 1 week(s) ago

Banks try to cut loan rates but seek Gov't help

Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

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Banks required to report monthly interest rates

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Báo Đầu Tư English 1 week(s) ago

Banks required to report monthly interest rates

State Bank of Viet Nam has ordered credit institutions and branches of foreign banks to report their lending, capital mobilisation and interest rates in Vietnamese dong every month going forward.

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1930 HCMC bank building to be named national relic

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Báo Dân Trí English 2 week(s) ago

1930 HCMC bank building to be named national relic

A branch of the State Bank of Vietnam in Ho Chi Minh City, built some 85 years ago, will be recognised as a national relic under a proposal submitted to the Ministry of Culture, Sports and Tourism’s Department of Cultural Heritage by the municipal Department of Culture and Sports.

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Moody's praises Vietnam's tighter bank liquidity, lending rules

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Báo Dân Trí English 2 week(s) ago

Moody's praises Vietnam's tighter bank liquidity, lending rules

Credit ratings agency Moody's has responded positively to the State Bank of Vietnam's Circular 06/2016/TT-NHNN on asset-liability management and real estate loans.

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SBV moves to reassure property investors

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Báo Đầu Tư English 2 week(s) ago

SBV moves to reassure property investors

State Bank of Viet Nam's (SBV's) newly amended regulations on prudential ratios for the operation of credit institutions and foreign bank branches have provided significant relief to real estate investors.

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Moody's praises VN's tighter bank liquidity, lending rules

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Báo Đầu Tư English 2 week(s) ago

Moody's praises VN's tighter bank liquidity, lending rules

Credit ratings agency Moody's has responded positively to the State Bank of Vietnam's Circular 06/2016/TT-NHNN on asset-liability management and real estate loans.

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Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

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Báo Tuổi Trẻ English 2 week(s) ago

Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

A Vietnamese bank has revealed that a popular Ho Chi Minh City bus line is among its major bad debtors, with disputes over the company’s financial obligations only solved following legal proceedings.

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PM asks for drastic measures to ensure budget balance

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Báo điện tử CP English 3 week(s) ago

PM asks for drastic measures to ensure budget balance

VGP - PM Nguyen Xuan Phuc has recently released a directive calling on ministries to take drastic action to ensure a balanced budget in response to falling revenues and rising expenditurefrom natural disasters and climate change consequences.

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Strong growth in card payments boosting Vietnam's economy: report

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Báo Thanh Niên English 3 week(s) ago

The higher use of electronic payments helped consumption grow 0.22 percent in Vietnam in 2011-15, which translated to an addition of US$880 million to its gross domestic product (GDP) over the years, according to a global study.

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Vietnam's central bank adds $7 billion to forex reserves: report

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Báo Thanh Niên English 1 month(s) ago

Vietnam's central bank adds $7 billion to forex reserves: report

The State Bank of Vietnam has shored up its foreign exchange reserves by buying a large amount of dollars this year, according to a new report from major lender BIDV.

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Vietnam banks bad debts rise again after record low

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Báo Thanh Niên English 1 month(s) ago

Vietnam banks bad debts rise again after record low

Banks’ bad debts ratio increased to 2.62 percent at the end of March after hitting a five-year low of 2.55 percent at the end of last year, according to new data from the State Bank of Vietnam.

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