September 18, 2011
Dong A Bank has been banned from opening new branches for a year. Partly private lender Dong A Bank has been banned from opening new branches for a year after one of its branches was found violating the deposit interest rate ceiling of 14 percent. The central bank said it would also not allow the [...]
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July 9, 2011
A customer deposits bricks of dong bank notes to a local commercial bank in Hanoi. Bankers said it’s necessary to have many branches to attract more deposits. The central bank is planning to double the minimum capital requirement for bank branches, but small lenders say the new rule would badly hurt their business. According to [...]
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May 23, 2011
Vietnam posted credit growth of more than 5 percent in the first four months The State Bank of Vietnam has banned foreign bank branches from setting credit growth targets of higher than 20 percent, persisting with a tight monetary policy to fight inflation. According to a statement dated Friday, the central bank said most foreign [...]
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February 2, 2010
LookAtVietnam – Commercial banks have urged SBV to remove the instruction on halting licensing for new bank branches. Two years ago was the time when commercial banks rushed to set up new branches to expand their network. At that time, the network expansion was applauded by the central bank which said that this was a [...]
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January 26, 2010
LookAtVietnam – While kumquat and peach gardeners in the north are happy because they can be sure of a prosperous Tet sale season, gardeners in the south are more concerned. Kumquat and peach trees are on show in the homes of most Hanoians on Tet days, while southern people prefer to decorate their homes with [...]
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December 28, 2009
Foreign banks expand presence in Vietnam; Agro-forestry-fisheries exports drop 7 percent in value; Vietnam Entrepreneurs Association in Belgium & Luxembourg debuts Many foreign banks have joined up with local partners to expand their presence in Vietnam’s market in addition to opening more branches and introducing new products.ANZ Vietnam has linked up with the Vietnam Post [...]
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December 17, 2009
LookAtVietnam – Foreign credit institutions in Vietnam reportedly expect high profits for 2009 and have seen high asset growth rates. According to the State Bank of Vietnam in 2009 foreign credit institutions have all had satisfactory business results, especially in terms of profit, total asset increase, capital mobilization and credit growth. A representative of the State [...]
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November 26, 2009
LookAtVietnam – While commercial banks rush to set up more branches, the central bank is attempting to slow the expansion plan. The central bank has recently sent a draft document to commercial banks outlining how to manage the development of branch networks. It says there will be caps on the numbers of branches commercial banks can open [...]
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November 2, 2009
The plethora of new facilities and branches opened by HCM City universities and colleges has only made life more difficult for them, students say. Many students have to travel several kilometres between different branches to attend classes and are stuck sometimes in traffic jams for long periods, forcing them to miss classes. With the number [...]
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October 15, 2009
The opening of three more border gates between Viet Nam and Cambodia earlier this month will create more opportunities for trade and tourism between the two countries. Tinh Bien border gate in southern An Giang province is one of three newly opened border-crossing points connecting Viet Nam and Cambodia.Xa Mat gate is located in Tay [...]
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