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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January 11, 2012
An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts. Economist Nguyen Tri Hieu said there will be a strong M&A wave in the sector as many lenders are looking for [...]
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January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
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January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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December 25, 2011
After years of sky-rocketing credit growth to finance development, Vietnam’s banking system is now weighed down by toxic loans that have forced the communist nation to launch tough reforms. The Southeast Asian country’s financial sector consists of about a hundred banks — either state-owned, private or foreign bank branches. But most have only limited [...]
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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October 3, 2011
The DAX Index board is pictured at Frankfurt’s stock exchange August 5, 2011. Greece’s admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout. The gloomy news from Athens brought the specter [...]
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August 15, 2011
A photo from news website VnExpress showing a stock investor reacting to a decline in stock prices It’s wrong for the stock market to depend on short-term funds from banks and measures will be taken to help it attract capital on its own, State Bank of Vietnam Governor Nguyen Van Binh said. The banking sector [...]
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January 29, 2011
Vietcombank , Vietnam’s second-largest partly private lender by assets, said gross profit rose 8 percent last year to more than VND5.4 trillion, beating its projection. Total assets rose 20.3 percent to VND306.86 trillion, and loans jumped 24.9 percent to more than VND175 trillion, Chief Executive Nguyen Phuoc Thanh wrote in a report published on [...]
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August 24, 2009
LookAtVietnam – Dr. Le Duc Thuy, well known economist, advocates continued but more narrowly focused demand stimulus for some time into 2010. Dr. Le Duc Thuy, the Chairman of Vietnam’s Finance and Monetary Policy Oversight CommitteeThuy, a former head of the State Bank, spoke to reporters from the online paper VNExpress, and Konishi to staff [...]
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