Foreign reserves rise, dong increasingly stable
14:35 | 22/12/2017 Finance - Banking
(VEN) - Vietnam’s foreign reserves reached US$46 billion as of mid-November 2017. Since early this year, the State Bank of Vietnam (SBV) has purchased US$7 billion for foreign reserves while keeping a firm hand on monetary market (including exchange rate policy) management.
IFC’s lending package helps Vietnamese SMEs
11:17 | 21/12/2017 Finance - Banking
The International Finance Corporation (IFC) announced on December 19 a successful syndicated senior loan package transfer of 110 million USD to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.
How to make SOEs more attractive to foreign buyers
10:50 | 15/12/2017 Finance - Banking
(VEN) - Vietnam has equitized more than 4,500 state-owned enterprises (SOEs) since 1992, but foreign investors’ involvement in the process has not met expectations, according to a recent report by the Central Institute for Economic Management (CIEM).
Deposit insurance effectively protects depositors
11:10 | 12/12/2017 Finance - Banking
(VEN) - Deposit insurance is a measure implemented by deposit insurers to protect depositors and contribute to ensuring safe, healthy development of the banking system. Under Prime Ministerial Decision 21/2017/QD-TTg, the maximum deposit insurance coverage limit is VND75 million, including principal and interest. The Law on Deposit Insurance stipulates that insured deposits exceeding the coverage limit will be treated in the process of dealing with the assets of insured institutions.