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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December 2, 2011
The State Bank of Vietnam will sign a joint-circular with the Ministry of Public Security to improve anti-crime efforts in banking and lending activities, according to a banking conference in Ho Chi Minh City on Wednesday. Central bank governor Nguyen Van Binh made the announcement at the conference, where officials pointed out that the [...]
Tags: activities, banking, banks, cases, Central bank, corruption, Corruption cases, lending, Lending Activities, money, Officials, Police, state, State bank, Thanh, The Banking, The state, The state bank, Vietnam
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November 15, 2011
International Monetary Fund chief Christine Lagarde (L) shakes hands with China’s Prime Minister Wen Jiabao during a meeting in Beijing on November 9, 2011. China’s financial system is at risk from bad loans, booming private lending and sharp falls in property prices, the International Monetary Fund warned Tuesday, as it called for sweeping reforms. In [...]
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October 30, 2011
Lawyer Pham Thanh Binh, deputy head of Hong Ha Law Firm in Hanoi. A series of loan insolvencies totaling hundreds of billion Vietnamese dong have been detected in Hanoi. This is partly due to the impacts of the economic slowdown, which has savers shying away from legal investment channels because of low profits. They instead [...]
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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 [...]
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September 10, 2011
Vietnam’s central bank on Wednesday ordered commercial lenders to report on their progress in lowering deposit and lending interest rates, Thoi Bao Ngan Hang, a publication of the central bank, reported, citing Governor Nguyen Van Binh. Commercial lenders must send the central bank copies of their internal instructions on reducing deposit and lending interest [...]
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August 30, 2011
Dong deposit rates have been capped at 14 percent. Lowering deposit rates will help reduce borrowing costs for businesses, experts said. With improved bank liquidity, Vietnam’s goal of reducing dong interest rates in September may be well within reach, according to local economists. In early August, the State Bank of Vietnam’s new governor Nguyen Van [...]
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August 14, 2011
Government’s inflation fight will decide short-term future, analysts say Motorcyclists ride past a construction site in the suburbs of Ho Chi Minh City on August 8. For the first time in two years, land prices have gone down in Hanoi. Perhaps for the first time ever, developers are offering apartments in lieu of cash [...]
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August 5, 2011
Vietnam’s credit grew 7.57 percent from the end of last year through July 20, according to a statement posted late Wednesday on the central bank’s website. Money supply rose 3.57 percent over the same period, the State Bank of Vietnam said. Lending fell 0.19 percent as of July 20 from the end of June, [...]
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August 3, 2011
An investor smiles as she walks past screens showing stock information at a brokerage house in Wuhan, Hubei province June 24, 2011. China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s [...]
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