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
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
December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
Tags: After The Merger, And Large Banks, Bad Debts, Bank Mergers, banking, Banking University, banks, Banks Faced, Banks Faced Liquidity, Banks Faced Liquidity Problems, Banks Will Continue, Banks Will Continue For, Be Dealt With, Both Small, Both Small And, Both Small And Large, capital, Central, Central bank, Chi minh, Chi minh city, Commercial bank, Continue For The, Continue For The Next, debts, deposits, Dr Le, Drastic Manner, Duong, Faced Liquidity, Faced Liquidity Problems, Financial System, Five years, For The Next, For The Next Three, formed, Formed Bank, Ho Chi, Ho Chi Minh, Ho Chi Minh City, Implement The Restructure, In The Bank, In The New, In The New Bank, invest, issues, Large Banks, Le Tham, Le Tham Duong, Lenders, Liquidity, Liquidity Problems, Liquidity Problems The, long-term, management, Manner, merge?, merger, Mergers, Minh city, More Bank, More Bank Mergers, New Bank, Newly, Newly Formed, Newly Formed Bank, Next Three, Nien Weekly, Of Banks Will, Of Banks Will Continue, Of Both Small, Of Both Small And, Of The New, Of The New Bank, Of The Three, Of The Three Banks, problems, restructure, Run Bank, Saigon Commercial, Saigon Commercial Bank, small, Small And Large, Small And Large Banks, Small Banks, state, State Run Bank, Stronger Bank, system, Tham Duong, Thanh, Thanh nien, Thanh Nien Weekly, The bank, The Banking, The Banking University, The banks, The central, The central bank, The Merge, The Merger, The Merger The, The Merger Would, The new, The New Bank, The Newly, The Newly Formed, The Newly Formed Bank, The Next Three, The Restructure, The state, The three, The Three Banks, Three, Three Banks, Thus The Merger, To Five Years, To Implement The, To Implement The Restructure, Two Banks, Vietnam, weekly, Will Continue For, Will Continue For The
Posted in Reports | Comments Off
December 14, 2011
There was no panic rush on deposits after the merger of three Vietnamese banks was announced New deposits into the three banks that are going through a high-profile merger have risen over the last couple of days, an official involved in the merger said. The merger is the first major step being taken as part of efforts to [...]
Tags: After The Merger, banks, Commercial bank, deposits, Deposits After The, Deposits After The Merger, Government, In The New, In The New Bank, Into The Three, Into The Three Banks, merger, New Bank, New Deposits, Newly Formed, No Panic, No Panic Rush, On Deposits After, On Deposits After The, Panic Rush, Saigon Commercial, Saigon Commercial Bank, stake, The government, The Merger, The new, The New Bank, The Newly, The Newly Formed, The Saigon, The Saigon Commercial, The Saigon Commercial Bank, The three, The Three Banks, Three, Three Banks, Vietnam
Posted in Business | Comments Off
November 28, 2011
The central bank has completed a plan to restructure the banking system. Vietnam’s central bank said it will consider lowering the dong deposit rate cap in December, admitting that the cap has created an advantage for large banks over smaller lenders. The 14 percent cap was introduced at the end of 2010, but until last [...]
Tags: 14 Percent, Bank Has Completed, banking, Banking System, banks, Banks That Can, Binh Said The, Central, Central bank, Central Bank Has, Central Bank Has Completed, Deposit Rate, Deposit Rate Cap, deposits, dollar, Dollar Loans, Dong Deposits, Has Completed, He Said Ldquo, Large Banks, Ldquo, Lenders, loans, National assembly, Nguyen van, percent, Percent Cap, Prices Rose, Rate Cap, Rdquo, Restructure The Banking, Restructure The Banking System, Said Binh, Said ldquo, small, system, The 14, The Banking, The Banking System, The central, The central bank, The Central Bank Has, The national, The National Assembly, The Whole, The Whole System, Thursday Binh, Thursday Binh Said, To Restructure The, To Restructure The Banking, Whole System
Posted in Business | Comments Off
November 6, 2011
Legislators say all depositors at banks should be protected A draft law plans to restrict deposit insurance to local currency deposits only, sparking concerns of a mass withdrawal of dollars from banks. According to the National Assembly’s Economic Committee, it’s necessary to stop providing insurance cover for foreign currency deposits to support the government’s policies [...]
Tags: All Depositors, banks, currency, Currency Deposits, Deposit, Deposit Insurance, Depositors, deposits, dollar, Dollar Deposits, dollars, In The Country, insurance, Insurance Cover, Insurance Cover For, large, legislators, Local Currency, The country, Vnd50 Million
Posted in Business | Comments Off
October 17, 2011
An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Bank depositors are shifting their funds to other investment channels after the central bank ordered commercial banks to comply with a 14 percent ceiling on dong deposit interest rates. Several banks have said their deposits are [...]
Tags: 14 Percent, banks, Capital Securities, Capital Securities Said, Central bank, Commercial, Commercial bank, Deposit, Deposit Rates, deposits, Dong Deposit, Dong Deposit Rates, Dong Interest, Dong Interest Rates, Funds, His Bank, interest, Interest rates, It Was Only, Ldquo, lower, Lower Dong, Lower Dong Deposit, Lower Dong Deposit Rates, market, percent, rates, Rdquo, Said ldquo, September, small, Small Banks, Thanh, Thanh nien, The central, The central bank, Their Funds, Thuan, Viet Capital, Viet Capital Securities, Viet Capital Securities Said
Posted in Business | Comments Off
October 15, 2011
Inspectors from the Ministry of Public Security have placed 11Â former officials of the state-owned Agribank under investigation for allegedly faking deposits to pocket over VND4.8 billion (US$229,800), a source told Thanh Nien Thursday. Six of the officials from Agribank’s branch in the southern province of Ba Ria – Vung Tau have been taken into [...]
Tags: Agribank, billion, branch, deposits, Officials, others, Thanh nien
Posted in Social | Comments Off
October 1, 2011
Vietnam’s central bank said it will cap interest rates on dong deposits that are non-term and those less than a month at 6 percent to address “liquidity risks,” amid concerns about the health of the nation’s banking system. The State Bank of Vietnam will maintain the existing 14 percent rate cap on deposits of [...]
Tags: 14 Percent, banking, Banking System, banks, Care About The, Central, Central bank, Central Bank Said, credit, Credit Suisse, Deposit, Depositors, deposits, growth, interest, Interest rate, Interest rates, Last month, Ldquo, Ldquo Liquidity, Ldquo Liquidity Risks, Ldquo Liquidity Risks Rdquo, Liquidity Risks, Liquidity Risks Rdquo, month, Of One Month, Of The Banking, Of The Banking System, one-month, percent, quality, rates, Rdquo, Risks Rdquo, Said Last, Said Last Month, small, Small Banks, Some Banks, system, The Banking, The Banking System, The central, The central bank, The interest, The interest rate, This month, Vietnam
Posted in Business | Comments Off
September 20, 2011
Employees at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, attend to customers in Hanoi. Several commercial banks announced lending interest rate cuts, but companies complain they are being denied access to the lower rates. Major lenders like VietinBank and Vietcombank have lowered dong lending rates for loans to businesses and manufacturers to [...]
Tags: 12 Percent, 14 Percent, 17 19, 19 Percent, 19 Percent Ldquo, 20 Percent, 200 Million, access, All Customers, Animal-feed, annual, Association, banks, Central, Central bank, Coming Time, Commercial, Commercial bank, Commercial banks, companies, Could Access, customers, Deposit, Deposit Interest, Deposit Interest Rate, Deposit Rate, Deposit Rate Cap, deposits, dollar, Dong Deposits, firms, Firms Could Access, He Said Ldquo, Help Banks, High interest, His Bank, In The Coming, In The Coming Time, increase, inflation, interest, Interest rate, Interest rates, Interest Rates Could, investment, Last month, Ldquo, Lenders, lending, Lending Interest, Lending Interest Rate, Lending Interest Rates, Lending Interest Rates Could, Lending Rates, loans, lower, Lower interest, Lower interest rates, Lower Lending, market, million, monetary, month, New Rates, Of Animal Feed, people, percent, Percent Ldquo, Rate Cap, rates, Rdquo, reached, Said ldquo, Said Ldquo The, short-term, small, Small Banks, Some Small, Some Small Banks, state, State bank, Thanh, Thanh nien, The Annual, The central, The central bank, The Coming, The Coming Time, The Deposit, The Dong, The government, The interest, The interest rate, The new, The New Rates, The regulation, The state, The state bank, The vietnam, The Vietnam Association, This year, To All Customers, Vietnam, Vietnam Association
Posted in Business | Comments Off
