HSBC projects OMO rate to stay at 5% until H1 next year
Thursday,  Jul 28,2016,21:15 (GMT+7)
HCMC – HSBC Bank has predicted that the State Bank of Vietnam would keep the open market operations (OMO) rate unchanged at 5% through the first half of 2017 as there is still a risk that inflation may overshoot the official target of 5% this year.
Customer wants huge deposits at VNCB back
Wednesday,  Jul 27,2016,20:31 (GMT+7)
HCMC - Tran Ngoc Bich, a major depositor at Vietnam Construction Bank (VNCB), has said she wants to take back a combined VND5.88 trillion from 124 saving books opened at the bank.
VIB posts H1 pre-tax profit of VND303 billion
Friday,  Jul 22,2016,22:28 (GMT+7)
HCMC – Vietnam International Bank (VIB) has seen its pre-tax profit in the first six months of this year growing 7% year-on-year to VND303 billion (some US$13.58 million), meeting 45% of the full-year plan, according to its unaudited financial report.
SBV reports H1 credit growth of 8.16%
Friday,  Jul 22,2016,18:41 (GMT+7)
HCMC – Credit expanded by 8.16% in the first half of this year, up from 7.86% in the year-earlier period, the State Bank of Vietnam (SBV) said in a statement yesterday.
Training required for staff of money changers
Friday,  Jul 22,2016,00:15 (GMT+7)
HCMC - Employees of money changers must be trained by commercial banks to distinguish between real and counterfeit bills and master other relevant skills as regulated by the Government’s Decree 89/2016/ND-CP dated July 1, 2016.
Insurance premiums up 26% in H1
Thursday,  Jul 21,2016,20:52 (GMT+7)
HCMC - The domestic insurance market performed well in the first half with premiums revenues shooting up almost 26%, the highest since 2011.
VAMC buys VND4 trillion in bad debt in H1
Wednesday,  Jul 13,2016,20:35 (GMT+7)
HCMC – Vietnam Asset Management Company (VAMC) had acquired bad debts worth only VND4 trillion (US$179.4 million) in the year to June 20 though it is tasked with buying some VND45 trillion of debts via the issuance of special bonds this year by the State Bank of Vietnam (SBV).  
Interbank interest rates for dong stay low
Wednesday,  Jul 13,2016,20:28 (GMT+7)
HCMC – Interest rates for Vietnam dong loans on the interbank market have stayed low while the exchange rate between the dong and the U.S. dollar has moved in a narrow range.
Gold snaps two-day rising run
Friday,  Jul 8,2016,22:56 (GMT+7)
HCMC - The domestic market on July 7 saw gold prices plunging by nearly VND2 million (US$90) per tael against Wednesday after two days of sharp increases.
NFSC sees deposit rates rising further
Wednesday,  Jul 6,2016,20:08 (GMT+7)
HCMC – The National Financial Supervisory Commission (NFSC) has said that deposit rates, especially for medium- and long-term tenors, might edge higher in the coming months at small banks.
ANZ: Export structural change to mitigate Brexit impact on Vietnam
Tuesday,  Jul 5,2016,20:39 (GMT+7)
HCMC - Britain’s recent vote to leave the European Union (EU) will impact trade in Asia but Vietnam looks likely to be least affected due to its export structural change, ANZ Bank said in a report.
State Treasury to issue VND40 trillion bonds
Tuesday,  Jul 5,2016,20:26 (GMT+7)
HCMC - The State Treasury will issue VND40 trillion (US$1.8 billion) of Government bonds until the end of the year, chiefly those with tenors of more than five years.
ATM cardholders entitled to higher cash limits
Tuesday,  Jul 5,2016,20:24 (GMT+7)
HCMC – A new State Bank of Vietnam (SBV) circular requires banks to increase cash withdrawal caps for holders of domestic debit, or ATM, cards and let ATM machines operate round the clock, the Vietnam News Agency reported.
Borrowers to face more interest rate risks next year
Monday,  Jul 4,2016,20:51 (GMT+7)
HCMC - When the 2015 Civil Code takes effect from early 2017, borrowers will face more interest rate risks if disputes with lenders erupt.
Credit grows 6.82% in H1
Monday,  Jul 4,2016,20:40 (GMT+7)
HCMC - Credit inched up 6.82% in the first six months of this year against the end of 2015, above 6.37% in the same period last year, showed data of the Credit Department under the State Bank of Vietnam.
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