|
Politburo consent may be required for forced bank transfers
|
|
|
Wednesday, Sep 20,2017,00:06 (GMT+7) |
|
HANOI – Lawmakers on September 18 proposed adding a provision to the draft amended law on credit institutions in which the Politburo’s prior consent must be sought for forced transfers of commercial banks. |
|
|
SBV demands strict compliance in foreign-currency mobilization
|
|
|
|
Friday, Sep 15,2017,21:53 (GMT+7) |
|
HCMC – Governor of the State Bank of Vietnam Le Minh Hung has issued Document 7295/NHNN-TTGSNH ordering credit institutions and foreign bank branches to strictly comply with regulations on capital mobilization in foreign currency. |
|
|
Experts warn of high credit growth risks
|
|
|
Monday, Sep 11,2017,20:43 (GMT+7) |
|
HCMC – As the Government is striving to obtain credit growth of 20% to 22% this year, many economic experts voiced their concerns over possible adverse impacts of high credit growth on businesses and the economy. |
|
|
Stocks gain for sixth straight day
|
|
|
|
Friday, Sep 8,2017,16:38 (GMT+7) |
|
HCMC – The local stock market extended gains to the sixth consecutive session on September 7 but trading remained dismal due to investor caution. The VN-Index added 3.17 points, or 0.14%, against the day earlier at 796.72. |
|
|
HCMC loan growth put at 10.92%
|
|
|
Wednesday, Sep 6,2017,22:31 (GMT+7) |
|
HCMC – Total outstanding loans in HCMC had amounted to VND1,630 trillion (US$71.7 billion) by early this month, up 19.8% versus the year-ago period and 10.92% against December last year, according to the HCMC Statistics Office. |
|
|
Loan growth in HCMC put at 11%
|
|
|
|
Friday, Aug 25,2017,13:51 (GMT+7) |
|
HCMC – Credit in HCMC grew 11% to VND1,600 trillion (US$70.41 billion) at the end of July compared to early this year, said Nguyen Hoang Minh, deputy director of the HCMC branch of the State Bank of Vietnam. |
|
|
Central bank seen relaxing rule on short-term capital
|
|
|
|
Thursday, Aug 24,2017,22:11 (GMT+7) |
|
HCMC – The draft of a new State Bank of Vietnam (SBV) circular relaxes the regulation on the use of short-term capital for making medium and long-term loans at local banks, foreign bank branches and other credit institutions. |
|
|
Vietnam has first credit rating firm
|
|
|
|
Tuesday, Aug 1,2017,21:47 (GMT+7) |
|
HCMC – The Ministry of Finance has licensed Phatthinh Ratings Corporation, a member of Phat Thinh Group, making it the first credit rating service company in the country, Vietnamplus reports. |
|
|
Central bank firm on bad-debt resolution
|
|
|
Monday, Jul 24,2017,22:14 (GMT+7) |
|
HCMC – The State Bank of Vietnam (SBV) is working hard towards settling bad debts and restructuring the banking system by 2020, Nguoi Lao Dong newspaper reports. |
|
|
VN30 stocks dampen market recovery
|
|
|
|
Thursday, Jul 20,2017,23:48 (GMT+7) |
|
HCMC – The local stock market recovered on July 19 after a three-day pullback but stocks in the VN30 basket weighed on the uptrend. |
|
|
Gold prices surge
|
|
|
|
Tuesday, Jul 18,2017,23:11 (GMT+7) |
|
HCMC - Local gold prices continued the uptrend on Monday, rising by VND100,000 compared to the end of last week to VND36.44 million (US$1,606) and VND36.22 million per tael for selling and buying, according to Saigon Jewelry Holding Co. (SJC). |
|
|
Banks cut interest rates
|
|
|
Wednesday, Jul 12,2017,00:01 (GMT+7) |
|
HCMC - Banks have announced new interest rates that are even lower than the short-term interest rate ceiling for clients in priority groups. |
|
|
Central bank loosens monetary policy to meet growth target
|
|
|
Tuesday, Jul 11,2017,23:58 (GMT+7) |
|
HCMC – The State Bank of Vietnam (SBV) has loosened its monetary policy by cutting a number of policy interest rates by 0.25 to 0.5 percentage points to help inject cash into the economy and thus fuel growth. |
|
|
|
|