Banks tighten lending rules Business

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 percent to investors in real estate as property prices continue to rise.
Gap widens in deposit interest rates Business

Gap widens in deposit interest rates

A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status.
Indictment against former Construction Bank executive announced Society

Indictment against former Construction Bank executive announced

The Procuracy of Ho Chi Minh City on January 9 announced an indictment against Pham Cong Danh, ex-Chairman of the Vietnam Construction Bank Board of Directors, and his accomplices who were charged with “deliberately violating State regulations on economic management causing severe consequences” at VNCB.
Bank profits enable rate cuts Business

Bank profits enable rate cuts

The banking sector’s profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.