vietnam needs apec economies experience in financial inclusion Vietnam needs APEC economies’ experience in financial inclusion

14:16 | 24/10/2017 Finance - Banking

Vietnam needs experience shared by APEC member economies to promote financial inclusion, Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has said.
raising credit growth ceilings for commercial lending Raising credit growth ceilings for commercial lending

15:25 | 23/10/2017 Finance - Banking

(VEN) - Commercial banks are ready for the year-end business season in order to meet this year’s credit growth target of 21-22 percent.
deposit interest rates up as govt seeks low lending rates Deposit interest rates up as Gov’t seeks low lending rates

09:30 | 20/10/2017 Finance - Banking

The Vietnam Asset Management Company has decided to hike its reference interest rate on bad debts to 9.9 percent from the fourth quarter, up from 9.7 percent.  
investors need better information about equitization terms Investors need better information about equitization terms

15:15 | 18/10/2017 Finance - Banking

(VEN) - Representatives from the National Assembly’s Economic Committee and the American Chamber of Commerce (AmCham) say limitations related to information provision and transparency, and business evaluation regulations are deterring investors in state-owned enterprise equitization.
debt trading firm in line for a makeover finance ministry Debt trading firm in line for a makeover: Finance Ministry

14:33 | 17/10/2017 Finance - Banking

The functions and operations of the Vietnam Debt and Asset Trading Corporation (DATC) should be restructured to deal with the “next phase” of handling non-performing loans (NPLs), the Finance Ministry (MoF) said.
central bank issues plan to develop card payment Central bank issues plan to develop card payment

15:57 | 16/10/2017 Finance - Banking

The State Bank of Vietnam (SBV) has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020.
deposit insurers help credit institution restructuring Deposit insurers help credit institution restructuring

15:33 | 12/10/2017 Finance - Banking

(VEN) - Prime Minister Nguyen Xuan Phuc recently signed Decision 1058/QD-TTg approving a plan for restructuring credit institutions pertaining to addressing bad debts from 2016-2020 following the principle of prudence and ensuring the interests of depositors and the credit institution system’s stability and security. Protecting the legitimate rights and interests of depositors and ensuring safe and healthy development of banking operations, the Deposit Insurance of Vietnam (DIV) plays an increasingly important role in credit institution restructuring, phase 2.
vamc to reclaim vnd35 40 trillion in bad debt in 2017 VAMC to reclaim VND35-40 trillion in bad debt in 2017

10:21 | 11/10/2017 Finance - Banking

The Vietnam Asset Management Company (VAMC) has reclaimed over VND25 trillion (US$1.1 billion) of bad debts from credit institutions since the beginning of 2017, raising the total of bad debt it has collected to over VND260 trillion (US$11.44 billion).
state budget collection reaches 70 of estimate during jan sept State budget collection reaches 70% of estimate during Jan-Sept

10:17 | 09/10/2017 Finance - Banking

Total state budget revenue in the first nine months this year reached VND843 trillion (US$37.1 billion), equal to 69.5% of the estimate and up 13.9% over the same period last year, announced the Ministry of Finance (MOF).
wb vietnam publish joint vietnam public expenditure review WB, Vietnam publish joint Vietnam Public Expenditure Review

15:00 | 06/10/2017 Finance - Banking

The World Bank and the Government of Vietnam on October 3 launched a joint report titled “Vietnam Public Expenditure Review (PER): Fiscal Policies towards Sustainability, Efficiency, and Equity.”
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