The 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
Vietcombank, 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
The arrest of Thu, 42, is the next step in an investigation into the "violation of regulations on the lending activities of credit institutions" occurring at Ocean Bank, according to police
The State Bank of Vietnam (SBV) has said it will keep the exchange rate between the U.S. dollar and the Vietnamese dong changing within two percent next year to help reduce dollarization and stabilize the local currency’s value
The Debt and Asset Trading Corporation (DATC) is one of the government's tools to help unload bad debts and unused assets, mostly in state-owned enterprises
The savings of a local woman worth 7.5 grams of gold in 1983, or around VND7 million at the current price, have vanished after a national money-changing campaign which reduced the value of the savings so greatly that it could not even cover the fee to maintain the bank account
The stability of the local financial market has enabled the State Bank of Vietnam to buy US$4 billion for the national foreign exchange reserve, the chief of the central bank has said
The central bank’s move aims at boosting lending by cutting the financial expenses for banks, thus reducing the borrowing costs for local businesses
The Government has put the issue under serious consideration as it may boost the local economy once approved, said Truong Van Phuoc, vice chief of the country’s financial watchdog
As of October 31, total outstanding loans increased by 7.18 percent, while total money supply rose 11.6 percent against the end of last year, said SBV Governor Nguyen Van Binh in a recent report to the ongoing National Assembly meeting in Hanoi