The Business Times: Banks reluctant to develop banking services

---

• Banks reluctant to develop banking services
• Electronics sales fail to surge in southern hub
• Shopping malls, retail premises experience slump
• VN racks up $12m in trade surplus
• Regulations released for overseas workers
• Local bourses bounce back to black
• Banks gear up to disburse trillions of dong by year-end
• Vietnam SCB announces acting general director
• Two banks sell 1.3 trillion VND of bad debts
• Oct 16: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up

Banks reluctant to develop banking services Posted: 16 Oct 2013 01:01 AM PDT Non-credit services have never been the main source of income of banks, even when the lending gets stuck now. Commercial banks have been struggling hard to push up lending. They keep pessimistic about the slow credit growth, the high provisions against risks and the low margin profits (the gap between the lending and deposit interest [...] The post Banks reluctant to develop banking services appeared first on Vietnam Business News.

Electronics sales fail to surge in southern hub Posted: 16 Oct 2013 12:58 AM PDT Sales of electronics products remain gloomy in Ho Chi Minh City despite the launch of many promotional programmes by retailers. Cho Lon electronics supermarket in District 5 began to offer attractive discounts on TVs, cameras, mobile phones, and household appliances since last week, but sales have not improved much. Some products like CD and DVD [...] The post Electronics sales fail to surge in southern hub appeared first on Vietnam Business News.

Shopping malls, retail premises experience slump Posted: 16 Oct 2013 12:57 AM PDT In the second quarter of this year, three shopping malls closed the doors in Ho Chi Minh City In the second quarter of this year, three shopping malls closed the doors in Ho Chi Minh City, five brands gave back the premises, while 60 shops in Hanoi shut down. In the third quarter, two retail [...] The post Shopping malls, retail premises experience slump appeared first on Vietnam Business News.

VN racks up $12m in trade surplus Posted: 15 Oct 2013 09:18 PM PDT HA NOI (VNS)— Viet Nam enjoyed a trade surplus of US$12 million in the first nine months of this year, with export turnover of over $96.27 billion and import value of $96.26 billion. According to the Viet Nam General Department of Customs, the figures differed from the General Statistics Office’s previous forecast of a $124 [...] The post VN racks up $12m in trade surplus appeared first on Vietnam Business News.

Regulations released for overseas workers Posted: 15 Oct 2013 09:15 PM PDT Circular No 21/2013/TT-BLDTBXH (“Circular 21″), regulating the cap of escrow deposits and labour markets that a Service Enterprise can negotiate with Vietnamese workers, was promulgated on 10 October 2013. According to Circular 21, a Service Enterprise means an enterprise that is licensed for sending Vietnamese worker(s) to work overseas pursuant to the contract(s). The principles [...] The post Regulations released for overseas workers appeared first on Vietnam Business News.

Local bourses bounce back to black Posted: 15 Oct 2013 09:13 PM PDT HA NOI (VNS)— The VN-Index made a long-awaited comeback yesterday after four consecutive sessions of losses. On the HCM City Stock Exchange, the VN-Index gained 0.43 per cent to reach 495.72 points. More than 50.44 million shares changed hands with a modest value of VND668.19 billion (US$31.81 million). The VN30-Index, tracking the southern bourse’s top [...] The post Local bourses bounce back to black appeared first on Vietnam Business News.

Banks gear up to disburse trillions of dong by year-end Posted: 15 Oct 2013 09:08 PM PDT Commercial banks have been trying every possible means to increase the lending, as they only have three more months to obtain the targeted credit growth rate of 12 percent. Big banks target small clients Vietcombank, one of the Vietnamese biggest commercial banks, has decided to extend the program on lending individuals and business households at [...] The post Banks gear up to disburse trillions of dong by year-end appeared first on Vietnam Business News.

Vietnam SCB announces acting general director Posted: 15 Oct 2013 09:06 PM PDT The Saigon Commercial Bank (SCB) announced to have promoted its deputy general director Vo Tan Hoang Van to become acting chief executive officer of the lender from Oct 15, 2013, in place of Le Khanh Hien. Earlier, Le Khanh Hien decided to resign from his CEO position for personal reasons and the resignation was approved [...] The post Vietnam SCB announces acting general director appeared first on Vietnam Business News.

Two banks sell 1.3 trillion VND of bad debts Posted: 15 Oct 2013 09:05 PM PDT The Vietnam Asset Management Company (VAMC) has signed agreements with Saigon Commercial Bank (SCB) and Southern Bank to buy bad debts from the two lenders totaling some 1.3 trillion VND (62 million USD), according to the Saigon Times Daily. Nguyen Huu Thuy, general director of VAMC, clinched a deal on October 11 with General Director [...] The post Two banks sell 1.3 trillion VND of bad debts appeared first on Vietnam Business News.

Oct 16: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up Posted: 15 Oct 2013 09:04 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged since June 28. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks raised dollar prices for the [...] The post Oct 16: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610