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Experts: Card usage insecure in Vietnam
Friday,  May 22,2015,00:04 (GMT+7)
HANOI – ATM cards make up a lion’s share of some 80 million bank cards in Vietnam but the security of these plastics is very low as they use old technology, experts at Banking Vietnam 2015 warned.
Banks see capital adequacy ratio up
Thursday,  May 21,2015,20:06 (GMT+7)
HANOI – The overall health of the banking system has improved with the capital adequacy ratio (CAR) growing to 13.42% by end-February from the January 31, 2015 level of 12.93%, the State Bank of Vietnam (SBV) said.
SBV: Bad debt to fall to 3% at year-end
Wednesday,  May 20,2015,20:39 (GMT+7)
HANOI – Bad debt of the banking sector is the biggest bottleneck of the economy and the State Bank of Vietnam (SBV) will continue taking drastic measures to slash bad debt to 3% at the end of this year, said SBV governor Nguyen Van Binh.
U.S. dollar firmer
Wednesday,  May 20,2015,20:37 (GMT+7)
HCMC – The exchange rate between the Vietnam dong and the U.S. dollar yesterday approached the upper limit again while the gap between global and domestic gold prices narrowed sharply.
VAMC buys VND40-trillion bad debts in January-May
Tuesday,  May 19,2015,19:58 (GMT+7)
HANOI – Vietnam Asset Management Company (VAMC) looks to purchase bad debts totaling around VND40 trillion (US$1.8 billion) by the end of this month, said VAMC chairman Nguyen Quoc Hung.
SBV refinances banks via VAMC bonds
Tuesday,  May 19,2015,19:22 (GMT+7)
HCMC – The State Bank of Vietnam has refinanced some commercial banks by using special bonds of Vietnam Asset Management Company (VAMC) although the amount is small, at several trillion Vietnam dong, a source told the Daily.
SBV intervention eases volatile exchange rate
Monday,  May 18,2015,19:55 (GMT+7)
HCMC – The Vietnam dong got firmer against the U.S. dollar late last week after the State Bank of Vietnam (SBV) said it would intervene to ensure stability on the foreign exchange market.
Banks post stronger loan growth
Friday,  May 15,2015,16:21 (GMT+7)
HCMC – Banks nationwide had reported credit growth of 3.69% as of May 8 against the end of 2014, much higher than in the same period of previous years.
More loans needed despite rising debt
Friday,  May 15,2015,16:20 (GMT+7)
HANOI – Vietnam will have to borrow more to fuel growth though public debt has almost reached the safe threshold of 65% of gross domestic product (GDP), according to the Ministry of Finance.
Greenback firmer after dong devaluation
Thursday,  May 14,2015,19:29 (GMT+7)
HCMC – The exchange rate between the Vietnam dong and the U.S. dollar has advanced steadily since the central bank devalued the local currency by 1% on May 7.
Vietnam, Russia to finalize currency deal this year
Thursday,  May 14,2015,19:25 (GMT+7)
HANOI – Vietnam and Russia look set to complete procedures for firms of the two nations to settle payments in their domestic currencies this year after Vietnamese State President Truong Tan Sang and Russian President Vladimir Putin agreed on the payment method.
City sees overdue loans inching up
Thursday,  May 14,2015,19:17 (GMT+7)
HCMC – Bad debt had edged up to 5.53% of total outstanding loans in HCMC by March 31 this year from 5.31% late last year, according to an updated report of the central bank’s city branch.
Ailing Ocean Bank turns wholly State-owned
Monday,  May 11,2015,18:56 (GMT+7)
HCMC - The State Bank of Vietnam (SBV) last Friday announced its official acquisition of all Ocean Bank shares at zero dong each, effectively making it a 100% State-owned concern.
Central bank devalues dong by 1%
Friday,  May 8,2015,23:40 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) yesterday depreciated the domestic currency by 1%, taking the inter-bank rate to VND21,673 per U.S. dollar from VND21,458.
Dollar price approaches upper limit
Wednesday,  May 6,2015,23:40 (GMT+7)
HCMC – The exchange rate between Vietnam dong and the U.S. dollar on May 5 approached the upper limit regulated by the central bank.
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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
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