SBV set to rank local banks, credit institutions Business

SBV set to rank local banks, credit institutions

The State Bank of Vietnam (SBV) will rank credit institutions and foreign bank branches operating in the country in a move to ensure the safety of the banking system and protect legitimate rights of depositors.
Central bank warns of P2P lending Business

Central bank warns of P2P lending

The State Bank of Vietnam (SBV) has warned local people and firms to consider carefully and be cautious before taking part in peer-to-peer (P2P) lending as there are many potential risks related to the service.
Forex lending to continue next year Business

Forex lending to continue next year

The State Bank of Vietnam (SBV) is drafting a new circular on foreign currency lending, allowing credit institutions and foreign bank branches to extend loans to some borrowers in 2019 instead of cutting them off at the end of this year as planned.
Foreign banks expand operations in Vietnam Business

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.
Foreign exchange market to be stable in 2018 Business

Foreign exchange market to be stable in 2018

Commercial banks are optimistic about the foreign exchange market in 2018, noting the market would be stable with VND devaluing slightly by some 0.5-1 percentage points to 22,710 VND to 22,950 VND.
HCM City: Average Tet bonus rises 10.9 percent Society

HCM City: Average Tet bonus rises 10.9 percent

The average Tet (New Year) bonus of the upcoming lunar Year of the Dog will be about 10.9 percent higher than last year in Ho Chi Minh City, said Director of the city’s Department of Labour, Invalids and Social Affairs Le Minh Tan on December 29.
VAMC needs more capital to settle bad debts Business

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.
Gov’t to fine bad weather forecasters Society

Gov’t to fine bad weather forecasters

Several new Government policies come into effect this month, including fines for incorrect weather forecasts, regulations on credit institutions and foreign bank branches, payments for those involved in searching for and collecting remains of war martyrs.
VAMC needs more capital to settle bad debts Business

VAMC needs more capital to settle bad debts

The Vietnam Asset Management Company (VAMC) will need more capital to further benefit from the National Assembly’s recent resolution on the settlement of non-performing loans (NPLs), experts said.
NPC signs 22.7 million USD loan deal Business

NPC signs 22.7 million USD loan deal

The Northern Power Corporation under the Electricity of Vietnam Group (EVN NPC), signed a syndicated loan agreement worth 515 billion VND (22.7 million USD) last week for the period of seven years.