cbank

Vietnam seeks new tools to beat bad-debt woes, eyes China-style market

Vietnam News 10:39 25/10/2015

Even as more debts sour at lenders in Southeast Asian neighbours Thailand and Indonesia and also in China, Vietnam's $295 billion banking sector has slashed non-performing loans (NPLs) to 2.9 percent of total loans by September from 17.2 percent in 2012

Vietnamese dong strengthens following cbank’s new rules on forex management

Vietnam News 09:01 11/10/2015

The Vietnamese dong has risen in value against the U.S. dollar for the first time, bringing the rate of the greenback quoted at commercial banks to lower than the VND22,475 per dollar cap set by the central bank on August 19

Over $500mn in liquidity reserved for three lenders acquired by Vietnam cbank

Vietnam Life 09:54 09/10/2015

VND11 trillion in liquidity has been reserved so that three ailing banks, Ocean Bank, GP.Bank, and Vietnam Construction Bank, can pay depositors as well as lend to businesses as required

Vietnam cbank tightens foreign currency trading rules to curb dollarization

Vietnam News 12:19 05/10/2015

When conducting foreign currency transactions with banks, businesses and individuals are required to present papers and documents proving the purpose of the transactions

Vietnam has enough cash for intervention regardless of any FED move: cbank

Vietnam News 18:05 24/09/2015

With about US$40 billion in foreign exchange reserves, the State Bank of Vietnam will intervene in the forex market to shore up the value of the local currency, whether the U.S. Federal Reserve raises interest rates or not

Despite devaluation, holding Vietnamese dong still more beneficial: official

Vietnam News 17:33 17/09/2015

Though the Vietnamese dong has been depreciated by around five percent this year, depositing it in banks is still more profitable than doing so with the U.S. dollar in the long run

Emerging economies let currencies slide to stay competitive

Vietnam News 15:46 23/08/2015

The currencies of emerging nations in Asia have especially suffered in recent weeks from market speculation that the US Federal Reserve will lift interest rates this year -- possibly as soon as September

Vietnam central bank taking over another troubled lender

Vietnam News 15:41 07/07/2015

The State Bank of Vietnam (SBV) would nationalise Global Petro Bank (GP.Bank) because it had exhibited serious risks and management weakness and had failed to find a partner, or devise a feasible reform plan in the past three years

Bad debt in Vietnam banking system inching up, but worst is over

Vietnam Life 20:07 08/05/2015

In terms of value, total bad debt as of the end of January was estimated to hit VND139 trillion (US$6.4 billion)

VND depreciates another 1% against USD, no more room for forex policy maneuver

Economy 15:30 07/05/2015

As the State Bank of Vietnam has devalued the Vietnamese dong by another one percent against the greenback, there will be no more room for the SBV to maneuver its foreign exchange policy from now to the end of this year

Stock markets in Vietnam see $1.7bn loss, year-to-date largest fall

Economy 18:53 05/05/2015

As stock inventors around the globe have a saying: sell in May and go away, the Vietnamese stock markets on Monday suffered the most dramatic drop in a single day during the first trading session of the month

Vietnam cbank acquires second weak bank as part of restructuring scheme

Economy 17:36 26/04/2015

The State Bank of Vietnam (SBV) has sped up to carry out its scheme to restructure the banking system this year with the acquisition of the second weak bank, Ocean Bank