SBV to ease regulations on bank establishment Business

SBV to ease regulations on bank establishment

Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Vietnam will be eased under a draft circular from the State Bank of Vietnam (SBV).
SBV to rate local credit institutions Business

SBV to rate local credit institutions

The State Bank of Vietnam (SBV) is planning to rank credit institutions; however, it said the ranking results will not be publicised due to the delicacy of the issue.
BIDV asked to help expand investment abroad Business

BIDV asked to help expand investment abroad

Prime Minister Nguyen Xuan Phuc has asked the Bank for Investment and Development of Vietnam (BIDV) to continue taking the pioneer role in supporting businesses to expand investment abroad, especially in Laos and Cambodia, and become a leading commercial bank in the region.
Credit firms struggle to retrieve collateral Business

Credit firms struggle to retrieve collateral

While handling pledged assets is considered an effective tool for credit institutions to retrieve debts and reduce non-performing loans, gaps in regulation have been hindering progress on this front.
Business

Positive signs for banking sector in 2014

Encouraging movements in business activities, bank services, liquidity, credit and capital mobilisation in the banking system in the fourth quarter of 2013 signal a brighter 2014 for the sector.
Business

VAMC starts handling non-performing loans

The Vietnam Asset Management Company (VAMC) has set to handle 40-70 trillion VND (18.8-32.9 billion USD) of non-performing loans (NPLs) in 2013, according to the State Bank of Vietnam (SBV).
State asset management firm handed tax bread boost Business

State asset management firm handed tax bread boost

The National Assembly’s Finance and Budget Committee has ratified a Government proposal to make the planned Vietnam Asset Management Company (VAMC) exempt from value added tax (VAT) and corporate income tax (CIT).