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