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PVFC agrees on plan to merge with Western Bank

A majority of the shareholders of the PetroVietnam Finance Join Stock Corporation (PVFC) has agreed upon the plan to have their institution merged with Phuong Tay (Western Bank).

 

Central bank dispels forex rate adjustment rumor

The State bank of Vietnam on Friday announced that there is no plan in adjusting the foreign exchange rates at the moment, following a wave to increase the US dollar selling prices from loca [ … ]

   

Developing countries to get bigger share of investments: World Bank

The percentage of global investment that goes to developing countries should triple in the next two decades as emerging economies catch up to richer nations and become more integrated into f [ … ]

   

Rates, risk keys to micro-finance

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Sustainable interest rates and risk management were the hot topics during a seminar on the country's micro-finance institutions held yesterday in Ha Noi.

   

Lending over 4 months up 2.1%

The outstanding loans given by commercial banks have increased 2.11 per cent since December, according to the State Bank of Viet Nam (SBV).

   

Asset management body to be set up in bid to tackle debt

According to Nghia, VAMC will be under the management of the central bank rather than the finance ministry as funds used to handle bad debts will not come from the Government budget.

   

Banking sector needs to embrace IT innovation

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IT was becoming more and more important to the financial security and operational efficiency of banking services, State Bank of Viet Nam (SBV) Governor Nguyen Van Binh said at a banking tech [ … ]

   

Banks catch up with new technologies, services

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As many as 500 local bank executives and IT senior experts gathered in Hanoi on May 15 at a seminar to get updated with the latest technologies that can enable them to compete strongly in th [ … ]

   

Deposit interest rates go down, where the money goes to then?

Since commercial banks have lowered the interest rates, depositing has become less attractive in the eyes of investors. They may withdraw money from banks to put into production and business [ … ]

   

Gov’t asks for reduction of interest rate gap

The Government has given the State Bank of Vietnam the task to narrow the gap between deposit and lending rates, in order to achieve a credit growth of 12 percent.


   

Bank powers electricity project

The Military Bank (MB) has announced that it was selected by the State Bank of Viet Nam as a banking and finance service provider for the disbursement and implementation of the transmission [ … ]

   

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