SBV says interest rates now reasonable
Thursday,  May 18,2017,22:04 (GMT+7)
HANOI - Interest rates of 6-11% per year for Vietnam dong loans and 3-4% for those in foreign currency are reasonable, according to the State Bank of Vietnam (SBV).
Expanding trade deficit puts pressure on forex rate
Monday,  May 15,2017,23:34 (GMT+7)
HCMC - The widening trade deficit has pushed up the demand for U.S. dollars, thus piling huge pressure on the foreign exchange rate, says a report in Lao Dong newspaper.
VND66 trillion G-bond sale plan set for Q2
Wednesday,  May 3,2017,22:55 (GMT+7)
HCMC - A minimum of VND66 trillion is the volume of government bonds to be offered by the State Treasury under the Ministry of Finance this quarter.
Consumer lending market has much room for growth
Friday,  Apr 28,2017,00:26 (GMT+7)
HANOI – The consumer finance market still has much room for growth in Vietnam in the coming time, according to a study of the Institute of Business Administration under the University of Economics and Business.
Banks want higher ATM transaction fees
Wednesday,  Apr 26,2017,21:33 (GMT+7)
HCMC - A number of commercial banks have asked the State Bank of Vietnam for permission to raise the charge on ATM transactions to cover part of ATM operating costs, Nguoi Lao Dong newspaper reports.
Medium-term debt management program okayed
Tuesday,  Apr 25,2017,23:07 (GMT+7)
HCMC - Prime Minister Nguyen Xuan Phuc has approved the medium-term debt management program for 2016-2018 with a target to harness public debt at no more than 65% of GDP, of which government debt should not exceed 54% of GDP and national foreign debt is no higher than 50%, the Government news website reports.
Many banks do not pay dividends
Tuesday,  Apr 25,2017,20:48 (GMT+7)
HCMC - Under pressure from new capital injections and further restructuring, many banks have decided not to pay dividends for shareholders, says Nguoi Lao Dong newspaper.
First finance leasing JV licensed in Vietnam
Thursday,  Apr 20,2017,00:09 (GMT+7)
HCMC - The State Bank of Vietnam (SBV) last week issued a license for BIDV - SuMi TRUST Financial Leasing Company (BSL), the country’s first Vietnam-foreign finance leasing joint venture.
WB approves US$102 million loan for energy efficiency project
Tuesday,  Apr 18,2017,21:50 (GMT+7)
HANOI - The World Bank (WB) on April 17 approved a US$102 million loan for the Vietnamese Government to support industrial enterprises to adopt energy-efficient technologies and practices.
No more banks to be bought at zero dong
Friday,  Apr 14,2017,15:26 (GMT+7)
HANOI - The State Bank of Vietnam (SBV) will have to abandon the practice of buying ailing banks at zero dong.
SBV raises greenback buying price
Thursday,  Apr 13,2017,21:29 (GMT+7)
HCMC - The State Bank of Vietnam (SBV) on Tuesday increased the price of U.S. dollars bought from credit institutions by VND100 to VND22,675.
Q1 G-bond sale plan 87% complete
Monday,  Apr 10,2017,23:33 (GMT+7)
HCMC - The State Treasury of Vietnam issued VND56.5 trillion of G-bonds in the first three months of the year, meeting 87% of the plan for the first quarter.
Greenback falls against Vietnam dong
Wednesday,  Apr 5,2017,22:29 (GMT+7)
HCMC - The domestic market on April 4 saw the U.S. dollar weakening to near two-month lows against the Vietnam dong currency though the reference exchange rate was revised up.
Bad debt possibly three times higher than reported
Tuesday,  Apr 4,2017,21:28 (GMT+7)
HCMC - Bad debt has re-emerged as an issue for the banking system as it might be three times higher than reported, says a Vneconomy report.
Banking sector has huge recruitment demand
Tuesday,  Mar 28,2017,22:57 (GMT+7)
HCMC - Although the banking sector is not yet out of the woods, many banks such as HDBank, Sacombank and ACB have been recruiting thousands of employees in recent times, VnExpress reports.
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