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Vietnam Banking News

Central bank asks for foreign exchange reports

The State Bank is requesting the information so that the institution can begin drafting a monetary policy for the latter months of the year. Lenders were also told to draw up plans concerning how they will use their foreign currency reserves to pay debt during this years final quarter and

Commercial banks hurry to expand credit

VIB Bank has announced a program on lending capital to clients in some southern provinces (HCM City, Binh Duong, Dong Nai, Tay Ninh, Ba Ria-Vung Tau) who buy Toyota cars from Toyota Bien Hoa. These clients will be able to borrow sums of up to 80 percent of the value

Military Bank allowed to raise chartered capital

The Governor of State Bank approved raising chartered capital from 5.068 trillion dong to 5.334 trillion dong in accordance with the passed plan at shareholders meeting of SeABanks on April 28, form two trillion dong to five trillion dong of OJB and 5.3 trillion dong to 7.3 trillion dong of

PM orders review of bank anti-risk rules

The order to review Circular 13/2010/TT-NHNN was issued yesterday, August 20, and follows media reports suggesting that some banks would have trouble meeting the stricter CAR requirements. The Prime Minister has told the central bank to check the veracity of the speculation and report its findings and possible solutions before

Businesses struggle as dollar gets more expensive

On August 17, the State Bank of Vietnam (SBV) increased the average inter-bank exchange rate by VND 388 to VND 18,932 per US dollar in an effort to ease the trade deficit. The new exchange rate is applicable as of August 18, and the trading band remains unchanged at ±3%.

Local Bank Sets Up Financial Consultancy JV in Laos

The Lao Development Bank (LDB) and Vietnams Sacombank Securities Company (SBS) have signed a memorandum of understanding on establishing a financial consultancy joint venture in Laos. LDB chief executive officer Bounta Daravy said Lanexang Securities Joint-stock Company Limited will be inaugurated this October when the Lao stock exchange debuts.

Vietcombank to sell stake in Eximbank

The deal will lower Vietcombanks share ownership in the HCM City-based bank (coded EIB on the HCM City Stock Exchange) to 6.93 per cent, Hoa said. The sale will be executed via order-matching or negotiation between Friday of this week and October 10, confirmed the HCM City Stock Exchange. The


Posted in: Vietcombank shares

23 banks submit plan for the recapitalization of Chartered

Twenty-three commercial banks have provided capital increase of less than three trillion dong its plan to capital from the State Bank of Vietnam (SBV). These banks, so they go no plan for mergers and consolidation, the banks will be more difficult to have means to find their own investors.


Posted in: Mekong Housing Bank , Daia Bank , Ficombank , Vieta Bank , SaigonBank , TienPhong Bank , South Bank

Tien Phong Bank to collect the taxes for the state budget

This allows companies and individuals quickly and easily pay their taxes and fees for the state budget that branches of the bank at the national level would be. Customers who may already have an account with the bank wire transfer fees request, after filling out a form stating the amount


Posted in: Tien Phong Bank

Regulate the handling of dangerous debt to the Vietnam Bank for Social Policy

Prime Minister (PM), Nguyen Tan Dung signed Decision No 50/2010/QD-TTg to regulate the handling of dangerous debt to the Vietnam Bank for Social Policy (VBSP) on 28 to be replaced in July to the decision No 69/2005 / QD-TTG of the PM of 4 April 2005.


Posted in: Vietnam Bank for Social Policy

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