Market must tackle mid-long term credit

Vietnam bank

Viet Nam’s capital market should be developed to handle the mid-long term credit demand of the economy, leaving the management of short credit and financial services to the banking system. The suggestion put forward by bankers and economists is aimed at taking the pressure off balance sheets and volatile capital structures at banks that use short-term More...

by BTimes | Published 7 hours ago

Vietnam aims first debt sale of bank cleanup as growth slows

Vietnam’s state asset management company aims to start selling bad debt from banks in the third quarter, stepping up efforts to overhaul lenders and spur economic growth. The asset manager, known as VAMC, was More...

April 23rd, 2014

Non-performing loans ratio stays high in HCM City

There were US$2.183 billion, worth of non-performing loans (NPLs) in Ho Chi Minh City at the end of March, accounting for 4.85 percent of the city’s total loans. The online Sai Gon Economic Times reported More...

April 23rd, 2014

AIA, Citibank unveil bancassurance pact

AIA Viet Nam and Citibank N.A. Viet Nam have recently announced their landmark bancassurance partnership for the Viet Nam market. The agreement between AIA and Citibank is the widest-reaching bancassurance distribution More...

April 23rd, 2014

April 23: Vietnam Central Bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 23rd, 2014

Vietnam Central Bank net withdraws VND785 Bln on Apr 22

The State Bank of Vietnam (SBV) net withdrew VND785 billion on April 22, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND101 billion through open market operation (OMO) More...

April 23rd, 2014

Banking tycoon Kien’s shadow still ‘haunts’ ACB

Asia Commercial Joint Stock Bank (ACB) is still dealing with the outstanding issues caused by the banking tycoon Nguyen Duc Kien and the former leadership. Financers said ACB will require at least 1-2 years to be More...

April 22nd, 2014

April 22: Vietnam Central Bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Tuesday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 22nd, 2014

City sees over 73pct bad debts possibly irrecoverable

Total bad debt in HCM City has amounted to over VND45.8 trillion, or 4.85 percent of the banking system’s total outstanding loans, with debt in group 5 (potentially irrecoverable) making up more than 73 percent. According More...

April 22nd, 2014

VietCapitalBank seeks shareholders approval on merger plan

As per the latest news from Viet Capital Commercial Joint Stock Bank (VietCapitalBank), the bank will ask for the shareholders’ approval to merge. Particularly, the bank said together with merger and acquisition More...

April 22nd, 2014