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Moody’s upgrades BIDV’s deposit, issuer ratings
Tuesday,  Aug 19,2014,16:39 (GMT+7)
HCMC - Moody’s has upgraded the domestic currency deposit and foreign currency issuer ratings of the Bank for Investment and Development of Vietnam (BIDV) by one place to B1.
Banks report high bad debt in first half
Monday,  Aug 18,2014,20:20 (GMT+7)
HCMC – Banks’ consolidated earnings results in the first half of the year show an increase of bad debts and high risk provisions.
Local gold consumption takes nosedive
Monday,  Aug 18,2014,20:16 (GMT+7)
HCMC – Domestic consumption of gold bars and jewelry in the second quarter of the year plunged to 19.3 tons from the 33.4 tons recorded a year ago, according a report by the World Gold Council.
Local currency firmer against greenback
Thursday,  Aug 14,2014,08:58 (GMT+7)
HCMC – The value of Vietnam dong has risen against the U.S. dollar since early this week and compared to the time the central bank adjusted up the dong-dollar exchange rate by 1% in mid-June and allowed banks to sell the greenback at higher prices in mid-July.
Bad debt in city up
Tuesday,  Aug 12,2014,16:27 (GMT+7)
HCMC – Bad debt at credit institutions in HCMC grew in the first months of this year and the irrecoverable loans accounted for a large proportion of total bad debt in the city, according to a recent report sent by the HCMC government to the central bank.
Aid packages remain out of SMEs’ reach
Tuesday,  Aug 12,2014,00:32 (GMT+7)
HCMC - Small and medium enterprises (SMEs) have found it difficult to benefit from the Government’s financial assistance packages, heard a seminar held by the 2030 Businessmen Club in HCMC last week.
City firms take out VND20 trillion of soft loans
Tuesday,  Aug 12,2014,00:29 (GMT+7)
HCMC – Many enterprises in HCMC have borrowed preferential loans amounting to a combined VND20 trillion within the bank-business connectivity program organized by local authorities.
Local governments raise VND17 trillion from bond sales
Friday,  Aug 8,2014,17:50 (GMT+7)
HCMC – Bao Viet Securities Company (BVSC) has estimated the value of the bonds issued by local governments at VND17 trillion with commercial banks being the biggest buyers.
Central bank says money withdrawals at VNCB drop
Friday,  Aug 1,2014,23:05 (GMT+7)
HANOI - The number of clients withdrawing their cash from Vietnam Construction Bank (VNCB) declined on July 31, days after three former leaders of the bank were arrested, said a deputy governor of the State Bank of Vietnam.
HNX to raise VND3-trillion from bonds for Hanoi
Friday,  Aug 1,2014,16:17 (GMT+7)
HCMC – The Hanoi Stock Exchange (HNX) will hold an auction for VND3 trillion worth of capital construction bonds on August 15 to raise funds for Hanoi.
G-bond market remains attractive
Thursday,  Jul 31,2014,20:49 (GMT+7)
HCMC – The Government bond market is expected to be more active this year as investors have shown increasingly strong interest in bond auctions despite falling coupons.
Bank reassures depositors after senior execs arrests
Thursday,  Jul 31,2014,20:47 (GMT+7)
HCMC – Vietnam Construction Bank (VNCB) has reassured its clients that their deposits are guaranteed as the bank’s liquidity remains stable after its chairman and general director were detained by police.
SBV urges banks to boost lending
Wednesday,  Jul 30,2014,23:47 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) has told local banks, foreign bank branches and rating agencies to improve their capacity of assessing creditworthiness so as to boost loans without collateral.
SCIC says hard to transfer State stakes
Friday,  Jul 25,2014,10:49 (GMT+7)
HANOI – The State Capital Investment Corporation (SCIC), in a recent report on its operation in this year’s first half, said that it encountered many difficulties in receiving, selling and transferring State stakes.
BIDV MetLife venture gets license
Friday,  Jul 25,2014,10:19 (GMT+7)
HCMC - The Bank for Investment and Development of Vietnam (BIDV), BIDV Insurance Corporation (BIC) and MetLife Inc. have got a license from the Ministry of Finance to establish their life insurance joint venture in Vietnam.
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