Interest rates may dip further in Q4
Wednesday,  Oct 11,2017,21:30 (GMT+7)
HCMC - Interest rates could fall in the fourth quarter of 2017, according to a National Financial Supervisory Commission (NFSC) report on Vietnam’s economic and financial performance in the first nine months.
Deputy PM orders inspections at two bank branches
Thursday,  Oct 5,2017,18:26 (GMT+7)
HCMC - Deputy Prime Minister Truong Hoa Binh has required the State Bank of Vietnam to inspect two banking branches over their law compliance in giving credits to four enterprises, Nguoi Lao Dong newspaper reports.
Consumer finance market underdeveloped
Friday,  Sep 29,2017,17:59 (GMT+7)
HANOI – The local consumer credit market remains underdeveloped despite high consumer demand while the black market still attracts a large number of people in need.
Visa: E-payments on the rise in Vietnam
Thursday,  Sep 28,2017,21:13 (GMT+7)
HCMC – Electronic payments have grown strongly in Vietnam, with the number of electronic transactions in the first half of 2017 increasing 38% year-on-year, said Sean Preston, Visa’s country manager for Vietnam, Cambodia and Laos.
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.
Banks disburse VND9 trillion for fishing boat building program
Wednesday,  Aug 2,2017,22:47 (GMT+7)
HANOI – Commercial banks have disbursed VND9 trillion (US$400 million) to build 761 new offshore fishing boats and upgrade 40 deteriorating ones under a program launched three years ago by the Government.
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.
First wholly Singapore-owned bank to operate in Vietnam
Friday,  Jul 21,2017,21:30 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) on July 19 gave approval in principle to United Overseas Bank Limited (UOB) to open the first 100% Singapore-owned bank in the country.
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