Vietnam Business News

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• Interbank transactions in dong increase nearly 45%
• Banks hike deposit interest
• Companies to press for sale and purchase of bad debts
• ACB, Eximbank Vietnam swap personnel
• Sacombank helps train traditional market traders
• Overlapping, complex ownership puts banking system at risk
• Vietnam to negotiate for adb loan to construct Ben Thanh – Tham luong subway
• Remarkable improvement in loan-to-deposit ratio
• Small banks may be hard go public
• Table-Vietnam banks assets, registered capital

Interbank transactions in dong increase nearly 45% Posted: 20 Sep 2012 02:27 AM PDT The total trading value on the interbank market in the week in dong reached approximately 89.474 trillion dong, an average of about 17.895 trillion dong per day in the week ending September 14 The State Bank of Vietnam (SBV)'s report on banking operations in the week between September 10 and 14 stated that the total [...]

Banks hike deposit interest Posted: 20 Sep 2012 02:26 AM PDT Two leading commercial banks have raised deposit interest rates in a new bid to attract more depositors and accumulate capital for an anticipated rise in demand towards the end of the year. Asia Commercial Bank began offering up to 13 per cent for a one-year term deposit last week, an increase of one percentage point [...]

Companies to press for sale and purchase of bad debts Posted: 20 Sep 2012 02:23 AM PDT Establishment of debt purchase-and-sale companies was an effective way to manage bad debts, a conference in Ha Noi was told yesterday. Handling bad debts associated with corporate finance restructuring was an urgent problem, the conference heard. There was no exact figure on bad debts, the State Bank of Viet Nam (SBV) figures showed the country”s [...]

ACB, Eximbank Vietnam swap personnel Posted: 20 Sep 2012 02:23 AM PDT The Executive Board of the Asia Commercial Bank on September 19 agreed on the resignation of its three members, Chairman Tran Xuan Gia for health reason and Vice Chairmen Le Vu Ky and Trinh Kim Quang for personal reasons. An ACB press release said the three approved the authorisation for 19 ACB employees to deposit [...]

Sacombank helps train traditional market traders Posted: 20 Sep 2012 02:22 AM PDT Saigon Thuong Tin Commercial Bank, or Sacombank, is in cooperation with HCMC authorities and the HCMC University of Economics to hold a VND650 million training program for traders at traditional markets. This is the fourth consecutive year the bank has aided such training to help traders master professional sales skills. This year, the course runs [...]

Overlapping, complex ownership puts banking system at risk Posted: 20 Sep 2012 02:21 AM PDT Experts warn that a complex web of cross ownership among local banks could endanger the financial system as it allows banks to borrow easily from each other and secretly plan hostile takeovers. According to a report published by the National Assembly's Economic Committee last week, cross ownership linking credit institutions has become a "serious" problem [...]

Vietnam to negotiate for adb loan to construct Ben Thanh – Tham luong subway Posted: 20 Sep 2012 02:20 AM PDT Deputy prime minister Hoang Trung Hai has approved the proposal of State Bank of Vietnam (SBV) on negotiating with Asian Development Bank (ADB) for the loan Agreement for "HCM City Subway no 2 construction, Ben Thanh – Tham Luong route". Inter-branch negotiating delegation will include representatives of President Office, prime minister Office, Ministry of Planning [...]

Remarkable improvement in loan-to-deposit ratio Posted: 20 Sep 2012 02:19 AM PDT The latest news from the central bank affirms remarkable improvement in the loan-to-deposit ratio (LDR) among credit institutions over the recent time. The ratio which is widely used to measure banks 'safety operation has been stipulated in Circular 13 as an indicator of liquidity besides regulations on creditworthy. The compiled statistics of several international organisations [...]

Small banks may be hard go public Posted: 20 Sep 2012 02:19 AM PDT Circular 26/2012/TT-NHNN on criteria for joint stock credit institutions' listing on international and domestic stock exchanges will take effect from 29 October 2012. Accordingly, for listing request to be approved, credit institutions must meet nine austerity rules. This new legal document has seen easing on requirement of business operation length, bad debt ratio yet tougher [...]

Table-Vietnam banks assets, registered capital Posted: 20 Sep 2012 02:18 AM PDT The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. unit: billions of dong Other targeted registered capital: ABBank/Ocean Bank/Trust Bank/Viet A 5,000 TienPhong Bank 4,800 ABBank 4,200  Oricombank/Southern Bank 4,000 MHB 3,800  Nam A 3,700  Saigonbank 3,500 Bao Viet Bank 3,150 INVESTMENT BY FOREIGN BANKS in Vietnamese banks [...]

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