Bank loans for securities sector fall Business

Bank loans for securities sector fall

Total lending of the banking sector for securities trading has reached 10 trillion VND (444.4 million USD), according to Governor of the State Bank of Vietnam Le Minh Hung.
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.
Vietnam likely to launch bond derivative market in Q1 Business

Vietnam likely to launch bond derivative market in Q1

Vietnam will likely launch its bond derivatives market in the first quarter of this year. This is part of the four-year roadmap for the domestic bond market prepared by the Ministry of Finance and projected to be submitted to the Prime Minister this year.
VCCI and HOSE sign cooperation agreement Business

VCCI and HOSE sign cooperation agreement

The Vietnam Chamber of Commerce and Industry (VCCI) and the HCM Stock Exchange (HOSE) on July 19 committed to support the Vietnamese business community in developing sustainability.
SSC focuses on bond market Business

SSC focuses on bond market

The State Securities Commission of Vietnam (SSC) was actively implementing the corporate bond scheme to make the local corporate bond market work next year.
Firms adapt to anti-dollar drive Business

Firms adapt to anti-dollar drive

Domestic firms have taken the first measures in an effort to adapt to the State Bank of Vietnam (SBV)’s new regulation on tightening foreign currency credit.
Business

Credit rating agencies to be launched

Domestic credit rating agencies (CRA) will be established in the country for the first time, marking a new stage in the development of the domestic finance market.
World

Asia’s bonds face rising risks: ADB

Emerging East Asia’s local currency bonds have performed well so far in 2014 but an earlier-than-anticipated US rate hike, a slowing property market in China, and higher risk aversion and inflation due to Middle East tensions could undermine that, according to a newly released report from the Asian Development Bank (ADB).
World

ASEAN+3 finance ministers cautiously optimistic

Finance ministers and central bank governors of the 10 ASEAN countries as well as China, Japan, and the Republic of Korea (ASEAN+3) have agreed that the global economy is growing but cautioned that challenges remain.
World

ASEAN+3 finance ministers seek to strengthen bond markets

The Finance Ministers of ten ASEAN member countries and Japan, China and the Republic of Korea (ASEAN+3) met on May 3 in Kazakhstan ’ capital, Astana, aiming to boost cooperation in strengthening Asian bond markets to help prevent a recurrence of the Asian currency crisis.