moodys upgrades vietnams banking sector outlook Moody’s upgrades Vietnam’s banking sector outlook

16:33 | 30/11/2017 Finance - Banking

(VEN) - Moody’s Investors Service has changed its outlook for Vietnam’s banking system for the next 12-18 months, shifting it from stable to positive.
bank loans for securities sector fall Bank loans for securities sector fall

16:45 | 29/11/2017 Finance - Banking

Total lending of the banking sector for securities trading has reached 10 trillion VND (444.4 million USD), according to Governor of the State Bank of Vietnam (SBV) Le Minh Hung.
vietnam approves bill letting banks be declared bankrupt Vietnam approves bill letting banks be declared bankrupt

16:20 | 28/11/2017 Finance - Banking

The National Assembly, Vietnam's legislature last week gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organizations, the government website said.
deutsche bank provides us 100 million loan for fe credit Deutsche Bank provides US$100 million loan for FE CREDIT

15:04 | 27/11/2017 Finance - Banking

The VPBank Finance Company Limited (FE CREDIT) and Germany's Deutsche Bank signed a secured loan worth US$100 million in Ho Chi Minh City on November 23.
citi vietnam launches new citi simplicity credit card Citi Vietnam launches new Citi Simplicity+ credit card

15:25 | 24/11/2017 Finance - Banking

Citi Vietnam today introduced Citi Simplicity+, the first credit card in the market to provide 10% interest back for on-time payments and no late payment fees. As a special introduction, Citi Simplicity+ comes with a 0% annual percentage rate for the first 3 months.
large banks move to change deposit interest rates Large banks move to change deposit interest rates

16:10 | 23/11/2017 Finance - Banking

In contrast to Vietcombank’s move to cut deposit interest rate a week ago, two other large State-owned commercial banks -- Vietinbank and BIDV -- this week announced they were raising the rate.
foreign currency reserves at record high exchange rates stable Foreign currency reserves at record high, exchange rates stable

14:29 | 22/11/2017 Finance - Banking

(VEN) - Despite the fluctuations of the market and the world economy, exchange rates remain stable due to the flexible management policies and positive effects of foreign direct investment. In particular, Vietnam’s foreign exchange reserves are at an all-time high.
hcm city steps up cooperation with ifc HCM City steps up cooperation with IFC

15:03 | 21/11/2017 Finance - Banking

Ho Chi Minh City is committed to creating favourable conditions for the International Finance Corporation (IFC) to carry out joint projects based on current laws, stated Le Thanh Liem, Vice Chairman of the municipal People’s Committee.
central bank governor stresses solutions to bad debt settlement Central bank governor stresses solutions to bad debt settlement

15:57 | 20/11/2017 Finance - Banking

Governor of the State Bank of Vietnam (SBV) Le Minh Hung on November 16 fielded lawmakers’ questions about the banking system’s operations, underlining the need to focus on effectively implementing a resolution on piloting the settlement of bad debt at credit institutions.
deputy pm government not to raise public debt ceiling Deputy PM: Government not to raise public debt ceiling

16:33 | 17/11/2017 Finance - Banking

The Government will not raise the public debt ceiling in order to ensure debt payment capacity and balance the national financial system, said Deputy Prime Minister Vuong Dinh Hue during the hearing session of the 14th National Assembly’s fourth sitting on November 16.
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