Vietnam Business News
Vietnam Business News |
- Moody’s retains negative outlook for Vietnam banks
- Vietnam BIDV spares VND30Tln for real estate lending in 3 years
- Vietnam central bank may announce plan to regulate gold price this week
- World bank ready to help support Vietnam banks if needed
- Vietnam finance ministry to publicize public debt data
- Gold owners unable to earn interest
- Banks look to cash in on higher credit growth
- Banks in trouble over outstanding gold loans
- City backs plan to buy 16,000 units for social housing
- Former Agribank CEO arrested for ‘wrongdoings’
Moody’s retains negative outlook for Vietnam banks Posted: 23 Jan 2013 07:20 PM PST U.S Moody's Investors Service has affirmed that Vietnam's banks continue to carry a negative outlook owing to their asset quality pressures and forecast that the government will need to take measures to deal with bad debts. "Vietnam and India have negative outlooks. The Vietnamese system is in much worse shape than India's and there is [...] |
Vietnam BIDV spares VND30Tln for real estate lending in 3 years Posted: 23 Jan 2013 07:19 PM PST Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) said it spared a loan package worth VND30 trillion to support domestic real estate market, the local newswire NDHMoney.vn reported. Accordingly, BIDV aimed to lend VND19.5 trillion to qualified individuals for buying social houses, of which VND3 trillion loans would be allocated in 2013. [...] |
Vietnam central bank may announce plan to regulate gold price this week Posted: 23 Jan 2013 07:19 PM PST The State Bank of Vietnam (SBV) plans to disclose a specific scheme to regulate the domestic gold prices this week, the local newswire VnEconomy.vn reported. As such, the local gold premium may be narrowed further. As reported earlier, days after the central bank's restrictions on gold bar trading took effects, the gap between the domestic [...] |
World bank ready to help support Vietnam banks if needed Posted: 23 Jan 2013 07:17 PM PST World Bank Ready to Help Support Vietnam Banks If Needed The World Bank said it is open to a new loan that may provide support for a potential recapitalization of Vietnamese banks, which are struggling with rising levels of bad debt that have slowed credit growth. "We would certainly be ready to find the resources [...] |
Vietnam finance ministry to publicize public debt data Posted: 23 Jan 2013 07:13 PM PST The Vietnam Ministry of Finance (MOF) will for the first time issue a bulletin on public debts of the country, complying with regulations in Law on public debt management, the local newswire Cafef.vn reported. In the past time, the MOF issued in total seven bulletins on foreign debts of Vietnam (including foreign debts of the [...] |
Gold owners unable to earn interest Posted: 23 Jan 2013 06:57 PM PST With banks no longer accepting deposit in gold bullion, and while gold-keeping services are being offered at high prices, gold owners now have no choice but to keep their bullion at home. It is ironic that gold bullion owners now have to pay fees for the banks' gold-keeping service, while they used to enjoy monthly [...] |
Banks look to cash in on higher credit growth Posted: 23 Jan 2013 06:56 PM PST Commercial banks are trying to increase credit growth this year as the State Bank has given them a target of 12 per cent. The general director of Nam A Bank, Tran Anh Tuan, said his bank was not worried about reaching this target. According to Tuan, this was the first year the central bank did [...] |
Banks in trouble over outstanding gold loans Posted: 23 Jan 2013 06:55 PM PST While gold owners are no longer able to store their precious metal at banks for safety and interest, the credit institutions themselves are in trouble over a huge amount of outstanding long-term loans in gold. Banks must settle all of their gold bullion deposits by June 30, while most of the lending in gold is [...] |
City backs plan to buy 16,000 units for social housing Posted: 23 Jan 2013 06:55 PM PST The Ho Chi Minh City People's Committee has accepted in principle a plan to buy 16,000 houses from ongoing projects to serve as social housing. The houses include 500 social houses with a total value of VND340 billion, and 15,441 apartments and floor areas worth VND9.55 trillion, said Nguyen Van Danh, deputy director of the [...] |
Former Agribank CEO arrested for ‘wrongdoings’ Posted: 23 Jan 2013 06:54 PM PST Pham Thanh Tan, former CEO of Vietnam Bank for Agriculture and Rural Development (Agribank), the local largest state-owned bank has been arrested on vague charges of 'wrongdoings', an official has said. Pham Thanh Tan was former CEO of Agribank Minister of Public Security Tran Dai Quang made the announcement at the National Assembly's meeting this [...] |
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