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 [...]
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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 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 [...]
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September 9, 2011
The central bank has capped credit growth at 20 percent this year The National Financial Supervisory Committee says Vietnam’s credit growth target should be revised down to 15 percent to ensure loans do not expand too fast in the next few months, putting economic stability at risk. The central bank has capped credit growth at 20 [...]
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August 26, 2011
Vietnam's minimum wage will rise to a maximum of VND2 million per month starting October Vietnam will raise its minimum wage by as much as 69 percent to help workers cope with the highest inflation in Asia. The minimum wage will rise to a maximum of VND2 million (US$96) per month starting October 1 from [...]
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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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August 11, 2011
There is room for as much as VND300 trillion for additional credit Slow credit growth in the first seven months of this year has left room for banks to start boosting lending, but bankers say it’s not that easy. While large banks no longer have enough money to lend out, smaller lenders with ample funds [...]
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August 5, 2011
Investors at the Hanoi Stock Exchange. Vietnam’s stock market is in crisis and investor confidence remains low, experts say. Following complaints that tightened credit has indiscriminately hurt the real estate sector, calls are being made for a policy stimulus for the stock market. State Securities Commission Vice Chairwoman Vu Thi Kim Lien said the stock [...]
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July 19, 2011
Vietnam targets annual credit growth of 20 percent for 2011 Nine commercial lenders have failed to cut back credit to non-manufacturing sectors by June 30 and will be punished with higher reserve requirements, the State Bank of Vietnam said last week. Central bank governor Nguyen Van Giau said the lenders, including five partly private banks [...]
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July 15, 2011
As inflation slows and liquidity improves, the high dong deposit rates offered by commercial banks could fall slightly in the coming months, Nguyen Thi Mui, a member of the National Advisory Council for Financial and Monetary Policies, tells Thanh Nien Weekly. Thanh Nien Weekly: Firms say that interest rates are too high now at [...]
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