The Business Times: Greater efforts for bad debt settlement
The Business Times: Greater efforts for bad debt settlement |  |
- Greater efforts for bad debt settlement
- SCB predicts interest rate cut
- Interbank trading dong -9%, dollar +20% in week ending may 24
- The specter of inflation more worrying than deflation
- Vietnam BIDV approved to raise charter capital to vnd28.112tln
- Vietnam bond yield drops to 2007 low after sale; dong steady
- VAMC will help to resolve vnd40-70tln bad loans in 2013, c.banker says
- Bond issuances still a work in progress
- Bad debts vary in numbers
- Vietnam central bank to inspect gold bar trading activities
| Greater efforts for bad debt settlement Posted: 30 May 2013 10:56 PM PDT Banks have spared no effort to deal with bad debts by different means in the hope of settling them for good. At the National Assembly (NA)'s plenary session on May 30, the State Bank of Vietnam (SBV) Governor Nguyen Van Binh said by April, total debts restructured by credit organizations for businesses had reached VND284,000 [...] |
| SCB predicts interest rate cut Posted: 30 May 2013 10:56 PM PDT HCM CITY (VNS)– The Standard Chartered Bank said it expected a further cut of 50bps (0.5 per cent) in interest rate in the third quarter if authorities “remain comfortable with the inflation outlook and credit growth stays anaemic”. “We expect the SBV to lower the refinancing rate by another 50bps to 6.5 per cent in [...] |
| Interbank trading dong -9%, dollar +20% in week ending may 24 Posted: 30 May 2013 10:56 PM PDT The total interbank trading value of the dong fell 9% to VND68.664 trillion in the week ending May 24 from VND75.531 trillion a week earlier while that of the dollar rose 20% to VND53.412 trillion from VND44.457 trillion. The total interbank trading value of the dong fell 9% to VND68.664 trillion in the week ending [...] |
| The specter of inflation more worrying than deflation Posted: 30 May 2013 10:51 PM PDT Despite the low CPI increases over the last several consecutive months, the government of Vietnam does not intend to hurriedly loosen the monetary policy for the fear about the high inflation. The consumer price index (CPI) in May 2013 decreased by 0.06 percent in comparison with April. This was for the second time in the [...] |
| Vietnam BIDV approved to raise charter capital to vnd28.112tln Posted: 30 May 2013 07:06 PM PDT BIDV got approval from the State Bank of Vietnam (SBV) to raise its charter capital in the first phase of 2013 from VND23.012 trillion to VND28.112 trillion, the central bank said in a post on its website. The Hanoi-based bank, officially known as Joint Stock Commercial Bank for Investment and Development of Vietnam, shall increase [...] |
| Vietnam bond yield drops to 2007 low after sale; dong steady Posted: 30 May 2013 07:05 PM PDT Vietnam's bonds rose, sending the five-year yield to the lowest level since 2007, after borrowing costs fell at yesterday's government debt sale. The dong was little changed. The State Treasury sold 2 trillion dong ($95 million) of five-year notes to yield 7.78 percent yesterday, according to the Hanoi Stock Exchange website. That compares with 8.23 [...] |
| VAMC will help to resolve vnd40-70tln bad loans in 2013, c.banker says Posted: 30 May 2013 07:05 PM PDT Vietnam's much-anticipated asset management company (VAMC) is expected to help the country to resolve between VND40 trillion and VND70 trillion in 2013. Vietnam's much-anticipated asset management company (VAMC), scheduled to come into life in Q2, is expected to help the country to resolve between VND40 trillion and VND70 trillion in 2013, said central bank governor [...] |
| Bond issuances still a work in progress Posted: 30 May 2013 07:05 PM PDT Scores of big firms have issued corporate bonds this year, but not sufficiently to fully energise a full bond market recovery. Ho Chi Minh City Infrastructure Investment (CII) in late April announced the result for VND1 trillion ($48 million) worth of six-year corporate bond issuance that Vietcombank bought wholly with a fixed coupon rate of [...] |
| Posted: 30 May 2013 07:05 PM PDT Some legislators in the discussions today said that they were still confused with publicized statistics, especially with respect to bad debts of commercial banks, the local newswire TTVN.vn reported. Some concerned that information on the financial and monetary market provided by the government was not close to the real situation. One important issue now is [...] |
| Vietnam central bank to inspect gold bar trading activities Posted: 30 May 2013 07:05 PM PDT The State Bank of Vietnam (SBV) has asked its branches nationwide to inspect gold bar trading activities at credit institutions and gold firms in their respective areas, the central bank Contents of the inspection include gold traders' compliance with regulations on licensing and reporting regime for gold bar trading; on accounting mechanism, preparing and using [...] |
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