Moody’s upgrades VIB credit rating outlook Business

Moody’s upgrades VIB credit rating outlook

Moody’s Investors Service, one of the world’s leading credit ratings agencies, has upgraded the credit rating outlook of Vietnam International Bank (VIB)’s local currency deposits and issuer ratings to “positive”, from its previous level of "stable".
Banks’ equity up, assets down Business

Banks’ equity up, assets down

The combined equity of all lenders in the domestic banking system reached nearly 580.3 trillion VND (25.8 billion USD) ending January, an increase of 2.3 trillion VND over the end of 2015.
SBV asked to keep lending limits Business

SBV asked to keep lending limits

The HCM City Real Estate Association (HOREA) has proposed the State Bank of Vietnam (SBV)'s regulations on lending limits and capital adequacy ratio requirements for credit institutions.
Vietcombank aims to boost charter capital Business

Vietcombank aims to boost charter capital

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) expects to increase its charter capital this year to become more competitive and prepare for Basel II implementation.
Bonds to be issued on banks' bad debts Business

Bonds to be issued on banks' bad debts

The Vietnam Asset Management Company has begun to issue a new class of bond against bad debts that can be traded between the central bank and lenders as well as among the latter.
BIDV's assets 85 times higher than in 1995 Business

BIDV's assets 85 times higher than in 1995

The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.