Vietnam Banking News

Home » Banking News ⇒ You are viewing 1 - 15 of 5260 Banking News

Adverstiments

Million dollar homes still up for sale

Large houses in inner-city districts of Hanoi are being offered for sale online at tens or even hundreds of billions of VND. According to major real estate trading websites, the districts of Hoan Kiem and Ba Dinh are home to some of the most expensive houses available. In Ba Dinh District, prices vary from a five-floor 70 square metre...

Posted date: Thu, 30 Aug 2012 - From: Banking News

Expert speaks against unhealthy banking acquisition

Economic uncertainty creates is a prime time for merger and acquisition (M&A) deals in the banking industry, said an industry expert. The world has witnessed many recent M&A deals, which can take place within a country or across international borders, among financial institutions and banks of various scales, Dinh Tuan Minh of the Center for...

Posted date: Thu, 30 Aug 2012 - From: Banking News

Letting credit take root

Banks are mulling tapping agriculture and rural areas’ potential to bolster credit growth. The State Bank envisages making public a new regulation covering credit organisation network expansion next month. Accordingly, local banks are encouraged to spread their arms to rural and remote areas. Around 60 per cent of banks, bank branches and...

Posted date: Thu, 30 Aug 2012 - From: Banking News

DongA bank participates in IFC’s financial support

The DongA Commercial Joint Stock Bank (DongA Bank) will join the International Finance Corporation (IFC) in a joint global financial support programme to help businesses access more capital. Under the contract signed between the two sides in Ho Chi Minh City on August 29, IFC will provide a guarantee worth 20 million USD to DongA Bank to ensure...

Posted date: Wed, 29 Aug 2012 - From: Banking News

Global interbank payments up 13%

International payments from Vietnam via SWIFT had increased by 13 per cent a year, it was announced yesterday during the annual seminar o­n the Society for World-wide Interbank Financial Telecommunication. The seminar aimed to provide latest information about SWIFT’s performance and discuss the upcoming Singapore Inter-Bank Offered Rate 2012...

Posted date: Wed, 29 Aug 2012 - From: Banking News

ACB boss Ly Xuan Hai not arrested: deputy

Deputy general director of ACB (Asia Commercial Joint Stock Bank) Nguyen Thanh Toai denied rumors that the bank’s general director Ly Xuan Hai was arrested yesterday evening. Toai told Voice of Vietnam today morning that there have been no major developments after Nguyen Duc Kien was arrested on August 20 evening. Thoai admitted that there...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Kien’s arrest “a personal affair”: ACB leader

Yesterday’s surprising arrest of ACB’s founder and one of Vietnam’s most well-known tycoons Nguyen Duc Kien will not have any impact on the bank performance, said a senior leader of Asia Commercial Joint Stock Bank (ACB). “It is a personal issue (of Kien),” said Nguyen Thanh Toai, deputy general director cum spokesman of...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Binh says bad debt at safe ratio before end of office term

Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) has vowed to bring the bad debt ratio in the banking system back to safety before he ends his term of office. “Bad debt accumulated over the years… will be brought back to the safety level right in this term of office,” Binh told the question and answer session of the National...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Central bank injects cash into ACB after Kien’s arrest

The central bank on Tuesday pumped trillions of Vietnam dong into Asia Commercial Bank (ACB) to help it cope with massive cash withdrawals after former ACB vice chairman Nguyen Duc Kien had been arrested the previous night. Huge stacks of money delivered The central bank’s branch in HCMC on Tuesday provided ACB with trillions of dong after...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Vietnam Governor: Sacombank investigation result due in August

The governor of the State Bank of Vietnam (SBV), the country’s central bank, said investigation in Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB) is under way and is due to complete this August. The investigation findings will be publicized, Binh pledged in the Q&A session with the National Assembly (Vietnam’s Congress)...

Posted date: Thu, 23 Aug 2012 - From: Banking News

$9.7 bln in bad debts: alarming, but not frightening: c.bank

Non-performing loans, which now account for some VND202.1 trillion, or 8.6 percent of total outstanding loans, are at an alarming rate, but not a frightening one, said State Bank of Vietnam governor Nguyen Van Binh. The figure was given by the SBV governor at a recent meeting with the National Assembly’s (NA) Standing Committee and other NA...

Posted date: Thu, 23 Aug 2012 - From: Banking News

ACB sets aside VND5 trillion for property loans

Asia Commercial Bank, or ACB, has set aside VND5 trillion worth of preferential loans for customers having demands to buy real estates. The loans aim to support local customers or Vietnamese overseas to buy houses, condos, warehouses, factories, farming or forestry land. ACB will provide loans of up to 99 pct of the value of the real estates...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Loans with interest above 15% fall to 24.6%

The ratio of loans with annual interest rates higher than 15% fell to VND640 trillion (US$30.72 billion), or 24.6% of total outstanding debts, as of August 16, the State Bank of Vietnam (SBV) said in a recent report. The central bank’s report was compiled from data provided by 69 credit institutions, which have 90% of the market share. They...

Posted date: Thu, 23 Aug 2012 - From: Banking News

Nha Trang looks to get moving

The conference “Development of Capital Market in Restructuring the Financial System in Vietnam” will be held by Vietnam National Financial Supervisory Commission in corporation with Irish Aid and VinaCapital asset management group on August 23-24 in Nha Trang. It is expected more than 120 attendants including policymakers, ministries’...

Posted date: Mon, 20 Aug 2012 - From: Banking News

PVFC might use Western Bank as a bridge to change its status

PetroVietnam Finance Corp. was reportedly eyeing to buy into poorly performing Western Bank so as to turn itself into a commercial bank. Local media reported that the finance company (PVFC) was in talks with Western Bank last week to buy a controlling stake in the bank. A PVFC spokesman declined to comment on the information when contacted by...

Posted date: Mon, 20 Aug 2012 - From: Banking News