BANKING-FINANCE
Wednesday,Mar 10,2010, Posted at 18:29 (GMT+7)
Negotiable rates should also be applied to deposits: banks
To avoid losses, most commercial banks have asked the State Bank of Vietnam (SBV) to lift the deposit interest cap of 10.5 percent and extend the application of negotiable interest rates to short-term loans.
Negotiable interest puts more pressure on SMEs: experts
Saturday ,Mar 06,2010, Posted at 14:54 (GMT+7)
Small-and medium-sized enterprises (SMEs) will be hard hit by negotiable interest rates, while commercial banks will reap bigger profits, experts have warned.
Domestic banks report $1.6 billion available
Wednesday,Mar 03,2010, Posted at 14:23 (GMT+7)
Vietnamese banks presently have a total usable capital of VND30 trillion (US$1.58 billion) due to increasing deposits after Tet (the Lunar New Year), said Nguyen Van Giau, governor of the State Bank of Vietnam (SBV).
Banks raise dollar purchase prices
Wednesday,Feb 24,2010, Posted at 17:45 (GMT+7)
Several commercial banks raised their US dollar buying prices to an average of VND18,800 per dollar on February 23 in order to attract foreign currencies from customers.
Dong devaluation to stimulate stronger inflow of US dollars, experts say
Sunday ,Feb 21,2010, Posted at 12:44 (GMT+7)
After the State Bank of Vietnam devalued the dong by 3.36 percent against the US dollar to stabilize the macro economy, several banking officials have forecast a stronger inflow of US dollar at commercial banks.
Central bank devalues dong by 3.36% to stabilise macro economy
Friday ,Feb 12,2010, Posted at 12:18 (GMT+7)
The State Bank of Vietnam on February 11 devalued the dong by 3.36 percent against the US dollar in a move it said would help balance demand and supply, control the trade deficit, and stabilize the economy.
State bank limits commercial banks to two branches
Saturday ,Feb 06,2010, Posted at 14:51 (GMT+7)
Commercial banks in Hanoi and Ho Chi Minh City, which have from two or more branches in each city, will temporarily not be allowed to open new affiliates, the State Bank of Vietnam has said.
Other news
Vietnamese banks unable to find foreign suitors
Central bank cuts foreign-currency reserve ratio for banks
ACB bank reports better-than-expected gross profit
Banks should be prohibited from involvement in securities activities: economists
Central bank calls halt to gold-trading loans
Central bank orders inquiry into credit institutions
Vietcombank set to reissue its debit cards
Banks see high profits from 2009
Central bank maintains prime rate at 8 pct