Emerging economies let currencies slide to stay competitive
Economy 15:46 23/08/2015The 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
In Vietnam, US dollar appreciation makes some quite happy, leaves others in trouble
Economy 17:35 20/05/2015The State Bank of Vietnam, the central bank of the Southeast Asian country, on May 7 allowed the local currency to lose another one percent against the greenback, after taking the same move in the middle of January
Bad debt in Vietnam banking system inching up, but worst is over
Economy 20:07 08/05/2015In terms of value, total bad debt as of the end of January was estimated to hit VND139 trillion (US$6.4 billion)
Vietnam cbank acquires second weak bank as part of restructuring scheme
Economy 17:36 26/04/2015The 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
Merging PG Bank with VietinBank will create Vietnam’s 2nd largest lender by assets
Economy 16:10 15/04/2015The merger between the Vietnam Joint Stock Commercial Bank for Industry and Trade and Petrolimex Group Bank will create a new join stock commercial bank, which is the largest and 2nd largest bank by registered capital and assets in Vietnam
US dollar keeps appreciating despite Vietnam cbank’s stabilizing bid
Economy 16:31 07/04/2015The selling price of the U.S. dollar at many local banks closed last week at VND21,635, higher than that demanded by State Bank of Vietnam transaction offices and around VND40 away from the cap set by the central bank
Two unlisted Vietnamese banks get approval for merger
Economy 16:00 25/03/2015The State Bank of Vietnam (SBV) has given the green light to a merger between two unlisted joint-stock commercial banks, Maritime Bank and Mekong Development Bank, according to a joint statement released by both financial institutions on Monday
State-run bank officials appointed to important roles in lender acquired by Vietnam cbank
Economy 21:02 11/03/2015The central bank has dispatched many senior officials of Vietcombank to take over the most important roles in the loss-making Vietnam Construction Joint Stock Commercial Bank after it bought the lender out earlier this month
70pct inward remittances channeled into production: cbank
Economy 14:08 08/02/2015Vietnam’s total inward remittance in 2014 was about $12 billion, most of which has been invested in production and business activities, according to the State Bank of Vietnam.
Vietnam cbank floats $2.3bn for new credit package to stir realty market
Economy 21:03 06/02/2015The State Bank of Vietnam has submitted to the government a plan to set aside VND50 trillion (US$2.3 billion) to support the commercial condo segment by enabling local banks to offer local homebuyers long-term lending at preferential rates
Vietnam’s state-run lender to operate loss-making bank acquired by cbank
Economy 09:40 03/02/2015Vietcombank, the fourth biggest bank of Vietnam by assets with VND530.22 trillion (US$24.9 million), has been asked by the State Bank of Vietnam to manage and operate bankrupt Vietnam Construction Joint Stock Commercial Bank
Cbank governor requests commercial banks to cut lending rates by 1-1.5pct
Economy 13:30 01/02/2015Nguyen Van Binh, governor of the State Bank of Vietnam, has asked local credit institutions to reduce the lending rates by 1- 1.5 percent per year to support local business community
