Monday, January 21, 2019 - 6:32:21

commercial banks

Banks ordered to raise charter capital this year

Business

Banks ordered to raise charter capital this year

Banks must have at least 3 trillion VND (162.16 million USD) in charter capital by the end of this year and submit a plan to show how they are going to achieve this, no later than March 31, announced the State Bank of Vietnam on its website on Jan. 14.

Bancassurance starts to boom in Vietnam

Business

Bancassurance starts to boom in Vietnam

Insurance companies in Vietnam have started to work with commercial banks to introduce the Bancassurance Service to the country, hoping to raise revenues and expand their market share. 

Bancassurance includes a range of insurance products sold through banking networks and is also known as the Banking Insurance Model or BIM.

Central bank denies rumour of bank bailout

Business

Central bank denies rumour of bank bailout

The central bank has no plans to bail out the nation’s banking system, State Bank of Vietnam Governor Nguyen Van Giau said on December 14, countering rumours that had begun spreading on the stock market that banks were facing liquidity crisis.

Gov’t continues 2 percent interest rate subsidies

Business

Gov’t continues 2 percent interest rate subsidies

In an effort to push economic recovery and sustain macro-economic stability, the Government has pledged to continue offering subsidies at a rate of 2 percent per year on medium and long-term loans for production and business activities in 2010.

PM Dung receives Lao Bank Governor

Politics

PM Dung receives Lao Bank Governor

Prime Minister Nguyen Tan Dung praised the State Banks and commercial banks of Vietnam and Laos for ratcheting up cooperation to serve each country’s socio-economic development.

Credit rumour starts shares dive

Business

Credit rumour starts shares dive

A heavy sell-off of shares pushed the VN-Index back below 500 on Dec. 2, with the Index shedding 3.06 percent of its value on the day to close at 499.14 points.

Bond market largely untapped

Business

Bond market largely untapped

The bond market offers a yet-to-be-tapped channel for luring foreign investment, said participants at the Vietnam Finance and Capital Markets Conference held on Nov. 30 in Hanoi.

Credit policies trigger decline

Business

Credit policies trigger decline

Investors worries that they could not borrow more money from commercial banks for securities investments offloaded their shares on November 26, darkening market prospects and pushing the VN-Index under 500 points.

Interest rate negotiations barred for gold

Business

Interest rate negotiations barred for gold

Financial institutions are forbidden to negotiate interest rates on real estate loans or loans to finance investments in financial assets like gold, securities or foreign currencies, production or business, the State Bank of Vietnam (SBV) has said.

Investors mood lifts shares

Business

Investors mood lifts shares

The VN-Index increased by 1.56 percent on Nov. 12 to end the day at 545.98, as investor sentiment appeared to stabilise after the central bank rejected some recent rumours about foreign exchange policies and took moves to cool down the overheated market in gold.