Politburo member given warning as disciplinary measure Politics

Politburo member given warning as disciplinary measure

The Politburo has decided to give a warning to Politburo member, Secretary of the Party Central Committee and head of the Party Central Committee’s Economic Commission Nguyen Van Binh as a disciplinary measure for his mistakes during the time he served as Governor of the State Bank of Vietnam.
Pollution hotspots need much stricter control Environment

Pollution hotspots need much stricter control

Fewer new pollution hotspots have been found in Vietnam in the past few years, but vigilance is needed to control potential risks, the Ministry of Natural Resources and Environment’s Vietnam Environment Administration has said.
Ministry acts first on environment Environment

Ministry acts first on environment

The Ministry of Natural Resources and Environment has asked agencies to comment on its special project to control companies thought to be likely of polluting the environment - even industries not yet in operation, such as power plants.
NA discusses credit institutions-related issues Politics

NA discusses credit institutions-related issues

A draft resolution on the settlement of bad debts at credit institutions and a bill on amendments and supplements to the Law on Credit Institutions were high on the agenda of the National Assembly (NA)’s sitting on June 7.
HNX issues derivatives member rules Business

HNX issues derivatives member rules

The Hanoi Stock Exchange has issued its membership regulations for derivative market trading, which is scheduled to start operation in the second quarter of this year.
 SBV reduces control of three banks Business

SBV reduces control of three banks

The State Bank of Vietnam (SBV) is reducing special control on three banks that it acquired with zero dong thanks to the banks' improving liquidity and business performance.
Business

Insurance companies maintain financial safety

Forty-three of the country's forty-five insurance companies ensured financial safety in 2014, according to a report by the Ministry of Finance (MoF) reviewing insurance market restructuring over the past year.
State Bank may double charter capital Business

State Bank may double charter capital

The State Bank of Vietnam is likely to double its charter capital to 10 trillion VND (476.2 million VND) from August 15 this year in a bid to better stabilise the country’s monetary market, according to a draft circular.
Business

New rule aims to reduce number of weak banks

Under-performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27.

Circular No07/2013/TT-NHNN requires that certain banks restructure through merger or acquisition with other credit institutions.