November 13, 2011
Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]
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April 16, 2011
Local banks have lowered their interest rates on dollar deposits. Economists and bankers are expecting a switch from dollar holdings to dong assets after the central bank capped the interest rate on dollar deposits. The State Bank of Vietnam has capped dollar deposit rates at 3 percent for individuals and 1 percent for institutions, effective [...]
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January 28, 2011
A client fills out a dollar deposit form at an Asia Commercial Bank branch in Ho Chi Minh City. Local banks are boosting interest rates on dollar deposits as they vie with each other to tap stronger remittances from overseas Vietnamese just before the Tet holiday. Bankers said the days before the biggest holiday of [...]
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December 24, 2010
An investor watches market movements at a stock exchange in Ho Chi Minh City. Experts said the stock market will grow next year, but the rally will not be very strong. Local stocks are likely to rise next year on signs of an improved economy, but the rally will not be very strong due to [...]
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January 23, 2010
SBV has sounded the final call for passengers to join the banking flight, placing additional pressure on lenders with chartered capital under the standard level. Local banks may face challenges when raising their chartered capital this year Local credit institutions have to submit their increased chartered capital plans to the State Bank before March 31. [...]
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December 27, 2009
Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a report by local newswire VnExpress. LookAtVietnam – Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a [...]
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December 26, 2009
Commercial banks have rejected claims that they are making huge profits, saying they even earn less than companies in other sectors, according to a report by local newswire VnExpress. Hanoi-based Techcombank, for instance, is set to post a full year profits of more than VND2.2 trillion (US$120 million) while the figure for Vietnam Maritime Joint [...]
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December 14, 2009
LookAtVietnam – Local banks have increased interest rates on dong deposits to attract funds following the central bank’s move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their dong deposit rates by 0.7-1.3 percentage points to more than 10.5 percent [...]
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December 13, 2009
Liquidity in the foreign currency market has ‘improved noticeably,’ the central bank said Local banks have increased interest rates on dong deposits to attract funds following the central bankâs move to raise the base rate. Soon after the benchmark rate was raised from 7 to 8 percent effective this month, commercial banks lifted up their [...]
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November 9, 2009
LookAtVietnam – The number of companies operating at Quang Trung Software City has dropped by five compared to last year, mostly due to the economic downturn. 95 companies were located at Quang Trung.Chu Tien Dung said that 95 companies, of which 49 were foreign-invested, were located at Quang Trung.He blamed the drop on the downturn [...]
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