Wednesday, June 26, 2013

The Business Times: Irrecoverable loans make up 60% of total bad debts

The Business Times: Irrecoverable loans make up 60% of total bad debts

Link to Vietnam Business News

Irrecoverable loans make up 60% of total bad debts

Posted: 25 Jun 2013 11:08 PM PDT

he Saigon Times cited a report by the State Bank of Vietnam (SBV) as saying that bad debts announced by credit institutions continued to rise in 5M/2013, of which irrecoverable loans surged by VND20.9 trillion or 36.5% from end 2012. Irrecoverable loans made up 57.2% of total bad debts by the end of May, versus [...]

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Vietnam c.bank approves in principle merger plan between PVFC and Western bank

Posted: 25 Jun 2013 11:06 PM PDT

PVFC and Western Bank made an announcement that the State Bank of Vietnam (SBV), on June 14 this year, approved in principle the merger plan between the two entities, the local online newspaper Gafin.vn reported. PVFC and Western Bank are wrapping up all necessary procedures for full approval from the central bank. PVFC, officially known [...]

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Hanoi issues vnd1tln municipal bonds at 8.7%

Posted: 25 Jun 2013 11:05 PM PDT

Hanoi, the capital city of Vietnam, has successfully issued VND1 trillion worth of five-year municipal bonds at 8.7% per annum, according to the Hanoi Stock Exchange (HNX). Yield on government bonds of the same maturity currently stands at 7.8%. The bid-to-cover ratio was 3.32. The bonds will be listed on the HNX. This issue is [...]

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Vietnam central bank injects vnd156bln via OMO on june 25

Posted: 25 Jun 2013 11:05 PM PDT

The State Bank of Vietnam (SBV) injected VND156 billion through open market operations (OMO) on June 25, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. The monetary authority sold no Treasury-bills and no notes fell due yesterday. From March 15, 2012, the central bank issued in total VND308.731 trillion T-bills, of which [...]

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Vietnam central bank injects vnd156bln via OMO on june 25

Posted: 25 Jun 2013 11:05 PM PDT

The State Bank of Vietnam (SBV) injected VND156 billion through open market operations (OMO) on June 25, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. The monetary authority sold no Treasury-bills and no notes fell due yesterday. From March 15, 2012, the central bank issued in total VND308.731 trillion T-bills, of which [...]

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June 25: Vietnam stocks nose dive, liquidity rise on bottom fishing

Posted: 25 Jun 2013 02:19 AM PDT

Vietnamese stocks extended their losing string today with draining liquidity as typical on Monday. The benchmark VN Index lost 16.72 points or 3.41% to 473.02, the biggest single day fall since Frebruary 26 when the VN Index lost18.64 points or 3.85%. Volume rose 48.9% to 86.82 million shares worth of VND1.4 trillion. Put through trading contributed [...]

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June 25: Foreigners net sell on both HSX and HNX

Posted: 25 Jun 2013 02:19 AM PDT

Foreigners continued to be net sellers of Vietnamese shares on both the Hochiminh Stock Exchange and the Hanoi Stock Exchange today, level of participation fell. These players net sold VND131.45 billion worth of shares on HOSE after buying 6.07 million shares for VND136.63 billion and selling 12.09 million units for VND268.08 billion, accounting for 9.74% [...]

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June 25: UPCoM-Index falls following official bourses

Posted: 25 Jun 2013 02:19 AM PDT

The UPCoM-Index, the measure of 135 unlisted public companies ended lower today. The index lost 0.23 point or 0.54% to 42.14. The market volume was 621,070 shares worth of VND3.46 billion. Market breadth was negative with 5 gainers, 17 losers, 3 unmoved and the rest untraded. VCA was the biggest gainer climbing 40% to finish [...]

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