vamc asks for five fold increase in charter capital

VAMC asks for five-fold increase in charter capital

15:45 | 28/03/2017 Finance - Banking

The Viet Nam Asset Management Company (VAMC) has proposed to raise its current charter capital from VND2 trillion (US$87.6 million) to VND10 trillion by 2020.
state treasury expected to boost bond market on new lending mechanism

State Treasury expected to boost bond market on new lending mechanism

15:53 | 27/03/2017 Finance - Banking

Trading liquidity of the Government bond market may increase once the State Treasury of Vietnam is able to buy and sell bonds, a State Securities Commission (SSC) official said.  
controlling credit for real estate sector Controlling credit for real estate sector

10:24 | 24/03/2017 Finance - Banking

(VEN) - The real estate market is expected to continue growing strongly in 2017, attracting capital from different sources, the biggest of which is the banks. However, early this year, the State Bank of Vietnam told commercial banks to scrutinize and control credit for such potentially risky areas as property.  
asia pacific financial inclusion summit opens in hanoi Asia-Pacific Financial Inclusion Summit opens in Hanoi

09:33 | 23/03/2017 Finance - Banking

The 2017 Asia-Pacific Financial Inclusion Summit themed “Advancing Financial Inclusion in a Digital Age” opened in Hanoi on March 21.
some banks enter new rate race Some banks enter new rate race

15:40 | 22/03/2017 Finance - Banking

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 percent per year.
vamc recovers over vnd50 trillion in bad debt since 2013 VAMC recovers over VND50 trillion in bad debt since 2013

09:36 | 21/03/2017 Finance - Banking

The Vietnam Asset Management Company (VMAC) reported that it has recovered VND50.165 trillion (US$2.2 billion) of bad debt since 2013, equivalent to 17.6% of the total debt it had purchased from credit institutions.
credit boom for central highlands farming Credit boom for Central Highlands farming

10:22 | 20/03/2017 Finance - Banking

(VEN) - The State Bank of Vietnam (SBV) reports that capital continues to be poured into the Central Highlands in 2017 for hydropower, thermo-electricity, transportation, agricultural production and livestock projects.  
banking sector in search of talent Banking sector in search of talent

10:46 | 16/03/2017 Finance - Banking

(VEN) - Vietnam Economic News’ reporter Duong Nga spoke with  Tran Minh Huong, Head of Human Resources, Standard Chartered Bank (Vietnam).  
trumps immigration rules threaten remittances to vietnam Trump's immigration rules threaten remittances to Vietnam

10:34 | 15/03/2017 Finance - Banking

Overseas remittances to Vietnam witnessed a fall in the past year, and the trend could continue due to tighter U.S. immigration policies, according to a recent report issued by Credit Suisse.
stabilizing lending rates a win win strategy Stabilizing lending rates: A win-win strategy

10:20 | 13/03/2017 Finance - Banking

(VEN) - In addition to meeting the economy’s credit demand, commercial banks have implemented several measures to stabilize interest rates.  
vietnams initiative on pacific rim disasters Vietnam’s initiative on Pacific Rim disasters

08:16 | 12/03/2017 Finance - Banking

(VEN) - Vietnam, as the host of APEC 2017, proposed a disaster risk financing and insurance initiative as an element of regional financial cooperation. The proposal has won the support of the 21 member economies of the Asia-Pacific Economic Cooperation forum.  
enterprises expect more reforms in taxation administrative procedures Enterprises expect more reforms in taxation administrative procedures

11:24 | 09/03/2017 Finance - Banking

Around 75% of enterprises are satisfied with administrative procedure reforms in taxation, up 4% compared to 2014 but 34% of enterprises complained about so-called 'unofficial costs' during a taxation inspections survey.
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