January 20, 2012
Many banks in Vietnam fear that bad debts could rise this year. Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank [...]
Tags: 15 Percent, Bad Debt, Bad Debts, Bad Debts Could, Bad Debts Could Rise, banks, Central bank, Could Rise, Could Rise This, Could Rise This Year, credit, Credit Growth, debts, Debts Could Rise, Debts Could Rise This, Fear That Bad, Fear That Bad Debts, growth, Growth Target, Ldquo, loans, Many Banks, Nguyen thi, percent, Rdquo, Rise This Year, Said ldquo, state, target, That Bad Debts, That Bad Debts Could, The bank, The central, The central bank, This year, Vietnam
Posted in Business | Comments Off
January 18, 2012
Many lenders in Vietnam are trying to attract individual clients Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On [...]
Tags: attract, Attract Individual, Attract Individual Clients, banking, banks, But Short, But Short Term, Chairman, clients, corporate, Corporate Clients, deposits, Farmers, funding, His Bank, Huong, In Vietnam Are, individual, Individual clients, large, Large But Short, Large But Short Term, Liquidity, Many Banks, Many Lenders, Nguyen, Of State Owned, Said His Bank, Said nguyen, savings, short, short-term, small, Small Savings, source, stable, State-owned, Term Deposits, Term Deposits From, The Banking, To Attract Individual, To Attract Individual Clients, Vietnam
Posted in Business | Comments Off
January 15, 2012
Ho Chi Minh City as seen from the rooftop of a downtown building. Property prices are expected to fall in the next six months. Developers are still pessimistic about market conditions but some experts believe investors should not rule out real estate just yet. Economist Dinh The Hien said the government is expected to [...]
Tags: About Market, banks, Chi minh, Chi minh city, companies, developers, Emerging Markets, estate, For Long Term, For Long Term Investors, Ho Chi, Ho Chi Minh, Ho Chi Minh City, In The Top, In The Top Five, interest, Interest rates, investors, Long Term Investors, long-term, market, markets, Minh city, prices, property, Property Market, Property Prices, Property Prices Are, rates, real-estate, Report:, Term Investors, The first, The market, The Market And, The ministry, The Property, The Property Market, The Top, The Top Five, The year, Top Five, Vietnam
Posted in Business | Comments Off
January 14, 2012
There has been a fair amount written recently about various institutional cartels that are thriving in the US despite antitrust laws designed to prevent their existence. My previous column compared Wall Street’s few remaining investment banks to a cartel, with explicit pricing power over its hundreds of thousands of customers, an advantage that will [...]
Tags: Against Wall, Against Wall Street, Arbitration, Arbitration Process, Arbitrators, banks, Broker, brokerage, cases, court, Court System, Dispute, disputes, Final And Binding, Finra, firms, Generally, Is Final And, Is Final And Binding, Ldquo, millions, monetary, Monetary Recovery, money, New york, Nocera, Non Monetary, Non Monetary Recovery, Of People Who, Of Wall Street, people, percent, process, Rdquo, recovery, Regulatory, resolve, Star Chamber, Street, system, The Courts, The Millions, The Ncaa, Wall Street
Posted in Life in Vietnam | Comments Off
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 [...]
Tags: All Banks, Bad Debts, Bank Vietnam, banking, Banking Sector, Banking System, banks, Central, Central bank, Country, Dau Tu, debts, governor, Lenders, Merged, newspaper, percent, Report:, restructuring, Restructuring Process, sector, state, State-owned, strong, Strong Banks, system, The Banking, The Banking System, The central, The central bank, The country, The Dau, The Newspaper, The Restructuring, The Restructuring Process, This year, Vietnam
Posted in Business | Comments Off
January 11, 2012
Tyra Banks (L) and winner of Vietnam Next Top Model 2011 Hoang Thi Thuy. Photo: Nguyen Truong Hoang Thi Thuy, one of the two skinniest contestants in Vietnam Next Top Model’s second season, became the winner in the finale held on January 8 in Ho Chi Minh City. After a five-month-long competition, Thuy defeated [...]
Tags: banks, finale, Hoang, Hoang Thi, Hoang Thi Thuy, Le Thi, Le Thi Thuy, Local, model, Next Top, Next Top Model, Of Tyra Banks, Second Season, The Finale, The Winner, Thi Thuy, Top Model, Tyra Banks, Vietnam, Vietnam Next Top, Vietnam Next Top Model, winner
Posted in Lifestyle | Comments Off
January 11, 2012
Vietnam’s five-year bonds on Monday fell on speculation an increase in money-market rates prompted banks to sell the securities to raise cash. The dong was steady. Overnight interbank borrowing rates climbed to 12.25 percent Monday, the highest level since Dec. 16, from 11.95 percent on Jan. 6, data compiled by Bloomberg show. The money [...]
Tags: According, banks, Bloomberg, Bonds, By Bloomberg The, Central bank, Compiled, Data Compiled, Financial Supervisory, Financial Supervisory Commission, Five Year, Hanoi, Monday, Money Market, percent, Raise Cash, Reference Rate, Since Dec, Supervisory Commission, The central, The central bank, The Currency, The Dong, The Dong Was, The Reference, The Reference Rate, To Raise Cash, Vietnam
Posted in Business | Comments Off
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 [...]
Tags: Accounting System, Accounting System Ndash, An Issue For, And Corporate Governance, And Finance Sector, Any Unrest, Asian, Asian Development, Asian Development Bank, banking, Banking And Finance, Banking And Finance Sector, Banking Sector, banks, based, biggest, Biggest Challenges, capacity, capital, Capital Adequacy, challenge, Challenge For The, challenges, corporate, Corporate Governance, Creating Any Unrest, credit, Credit Growth, development, Development Bank, Difficult Year, Digit Inflation, economic, Economic growth, Economic Growth Forecast, economy, enterprises, Finance Sector, financial, Financial Sector, For The Banking, forecast, Forecast Last, Forecast Last September, Global economic, Governance, Government, growth, Growth Forecast, Has Lowered, Has Lowered Vietnam, High Credit, High Credit Growth, In 2012 The, In Restructuring The, Including, inflation, investment, issue, Last September, Lowered Vietnam, management, Management And Corporate, Management And Corporate Governance, monetary, Monetary Policy, Monetary Policy And, More Specifically, Of High Credit, Of High Credit Growth, Owned enterprises, percent, policy, Prolonged Period, public, Public Investment, reducing, Reducing Inflation, reform, reforms, remains, restructuring, Restructuring The Banking, Restructuring The Banking And, Restructuring The Banking Sector, Restructuring The Economy, Risk Management, Risk Management And, Risk Management And Corporate, sector, Sector For The, Sector For The Banking, single, Single Digit, Single Digit Inflation, Small Banks, state, State bank, State owned enterprises, State-owned, Structural, system, System Ndash, The asian, The Asian Development, The Asian Development Bank, The Banking, The Banking And, The Banking And Finance, The Banking Sector, The Biggest, The Biggest Challenges, The Cost, The economy, The financial, The Financial Sector, The government, The Government Should, The Larger, The Prolonged, The Prolonged Period, The Reform, The state, The state bank, The Structural, The vietnamese, The world, The World Economy, These Reforms, Tightened Monetary, Tightened Monetary Policy, To Restructuring The, To Restructuring The Economy, Tomoyuki Kimura, Vietnam, Vietweek, What Are The, Without Creating, Without Creating Any, Without Creating Any Unrest, World Economy
Posted in Reports | Comments Off
January 9, 2012
Ho Chi Minh City police have arrested one Vietnamese and three Malaysian men for allegedly using fake ATM cards to withdraw money from local banks. They are believed to be members of a transnational crime ring. The first arrest, of Co Kim Thach, a 39-year-old resident of District 5, was made on December 30, [...]
Tags: And Credit Cards, arrested, Asia commercial, Asia commercial bank, Atm And Credit, Atm And Credit Cards, Atm Booths, Atm Card, Atm Cards, banks, Banks And Cardholders, Cardholders, cards, Cheng, Commercial, Commercial bank, credit, Credit Cards, December, District, District 11, equipment, Fake Atm, Fake Atm And, Fake Atm And Credit, Fake Cards, hotel, information, Made Atm, Malaysian, Malaysian Men, million, Million And Was, money, numbers, Police, provided, Roughly Made, Roughly Made Atm, Thach, Thach Withdrew, The Atm, The Card, The Information, The Men, The Names, The police, The Transactions, The Transactions Were, They Were Provided, They Were Provided With, To The Police, To Withdraw Money, using, Using Fake, Vnd40 Million, Were Provided, Were Provided With, With The Information, withdraw, Withdraw Money, Withdrew, Withdrew Money, Withdrew Money From, Year old
Posted in Social | Comments Off
December 30, 2011
Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct a situation where banks with customers cannot offer loans while [...]
Tags: 14 Percent, Adequacy Ratio, All Banks, Allow Small, Allow Small Banks, Allow Small Banks With, application, Bank Said The, banking, banks, Banks With High, Banks With High Capital, capital, Capital Adequacy, Capital Adequacy Ratio, Central, Central bank, Commercial bank, credit, Credit Caps, Credit Growth, Credit Growth Target, Credit Growth Target For, Credit Limits, customers, deposits, development, different, Different Banks, Different Credit, Different Credit Caps, Duong, Duong Said Ldquo, For All Banks, General, greater, growth, Growth Target, Growth Target For, Growth Target For All, Have Customers, He Said The, High Capital, High Capital Adequacy, High Capital Adequacy Ratio, inflation, interest, Interest rates, Ldquo, Ldquo This Should, Lenders, lending, Liquidity, loans, market, Next Year, Of Different Credit, Of Different Credit Caps, On Different Banks, others, Overall Credit, percent, rates, Rdquo, Said ldquo, small, Small Banks, Small Banks With, Small Banks With High, Some Banks, State bank, target, Target For All, Target For All Banks, Thanh nien, The Application, The central, The central bank, The state, The state bank, Their Liquidity, Vietnam, While Others, With High Capital, With High Capital Adequacy
Posted in Business | Comments Off
