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 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 [...]
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October 21, 2011
The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy. “Beginning now, credit institutions need to [...]
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October 16, 2011
Many banks are facing liquidity problems The Vietnam Banks Association plans to propose a lower deposit interest rate ceiling of 13.5 percent for large banks, saying it would help small lenders. All banks in Vietnam are now subject to the same deposit ceiling of 14 percent, which industry insiders say would hurt small banks in the long [...]
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June 28, 2011
Many banks with surplus cash are pouring money into the bond market. Vietnamese bonds have been on the upswing this month as large banks, awash with cash, are reinvesting their money in the securities, analysts say. Some commercial banks are sitting on large amounts of cash due to strong inflows from maturing bonds they bought [...]
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December 24, 2009
LookAtVietnam – Though the State Bank of Vietnam has applied stable interest and exchange rate policies in 2009, the market still see-sawed at times. Monetary policies stable For 2009, monetary policies became more stable than in 2008, when policies were adjusted regularly. In 2008, the basic interest rate was adjusted eight times, the compulsory reserve ratio [...]
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December 7, 2009
VietNamNet Bridge – More and more bancassurance agreements have been signed recently. Dam The Thai, Director of Personal Banking for An Binh Bank, noted that the bank strives to become an “all-round finance supermarket,” by cooperating with two insurance companies to bring benefits to all three parties. The benefits of the Bank Insurance Model or BMI, [...]
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April 14, 2009
LookAtVietnam – Commercial banks have shrugged off the recession to achieve high profits in the first quarter, thanks to a recovery in lending activities. Many banks reported an increase in deposit mobilisation.Sai Gon Thuong Tin Commercial Joint Stock Bank, or Sacombank, said its pre-tax profit was VND350 billion (US$19.8 million). Its profit for the same [...]
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March 20, 2009
LookAtVietnam – The State Bank of Viet Nam has ordered commercial banks to stop using derivatives to spot-trade US dollars at exchange rates higher than the capped trading band. “Many banks believe that we should be allowed to use bridge currencies to trade dollars in order to improve dong liquidity, or the market is going [...]
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