January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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February 21, 2011
Vietnam’s large currency devaluation this month will likely weaken asset quality at the country’s banks, while exacerbating liquidity management problems, Moody’s Investors Service said on Monday. A depreciating dong and heightened concerns about asset quality would delay banks’ plans to sell shares to foreign strategic investors, it said in a statement. The State Bank [...]
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