The Business Times: Nov 18: Vietnam gold eases to vnd36.51mln/tael, dollar stable

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• Nov 18: Vietnam gold eases to vnd36.51mln/tael, dollar stable
• Nov 18: Vietnam central bank keeps dollar exchange at vnd21,036
• Bank asks credit cardholders to give too much private information
• Vietcombank earns 3.027tr dong of profit in nine months
• Thousands of jobs cut in banking sector
• MB earns 530b dong profit in q3/2013
• Bankers accuse employers of forcing their resignation
• Interest rates inch up as year-end cash demand rises
• Online banking grows fast
• Indebted firms can’t access credits

Nov 18: Vietnam gold eases to vnd36.51mln/tael, dollar stable Posted: 17 Nov 2013 07:29 PM PST This morning, Vietnam gold was traded down by VND30,000/tael versus last weekend close to VND36.51 million a tael, following the world suit. Hochiminh was traded at VND36.45 million/tael for bid and VND36.51 million/tael for ask respectively as of 09: 12 am, Hanoi time. SJC in the North quoted at VND36.45million/tael for bid and VND36.51 million/tael [...] The post Nov 18: Vietnam gold eases to vnd36.51mln/tael, dollar stable appeared first on Vietnam Business News.

Nov 18: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 17 Nov 2013 07:28 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for nearly 5 months. 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, some commercial banks lowered dollar prices [...] The post Nov 18: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

Bank asks credit cardholders to give too much private information Posted: 17 Nov 2013 07:25 PM PST C.K., a Phu Nhuan District resident, was shocked to read an email from Vietcombank asking her to update her credit card information with details she deems too personal to be specified…. K. was required to declare her birth mother's name, the type of possession she holds over her current house, and her number of dependents, [...] The post Bank asks credit cardholders to give too much private information appeared first on Vietnam Business News.

Vietcombank earns 3.027tr dong of profit in nine months Posted: 17 Nov 2013 07:18 PM PST Joint Stock Commercial Bank for Foreign Trade of Vietnam – Vietcombank (coded VCB) announced its consolidated financial statement for Q3/2013. Accordingly, in Q3/2013, Vietcombank gained 1.043 trillion dong of profit after tax, down 6 percent compared to Q3/2012 and 3.027 trillion dong of profit after tax in the first nine months of 2013, down 10 [...] The post Vietcombank earns 3.027tr dong of profit in nine months appeared first on Vietnam Business News.

Thousands of jobs cut in banking sector Posted: 17 Nov 2013 07:17 PM PST Commercial banks have laid off thousands of workers because of the bad business performance. More than 700 workers of the Asia Commercial Bank (ACB) lost their jobs in the third quarter in a bank's workforce cut campaign. Eximbank reportedly would lay off 1,000 workers. In the first six months of the year, 1,200 workers had [...] The post Thousands of jobs cut in banking sector appeared first on Vietnam Business News.

MB earns 530b dong profit in q3/2013 Posted: 17 Nov 2013 07:01 PM PST Military Commercial Joint Stock Bank has announced its consolidated financial statement of Q3/2013. Accordingly, the banks gained 1.368 trillion dong of net profit in Q3/2013 and 4.508 trillion dong of net profit in the first nine months of 2013, down 18.4 percent and 6.6 percent respectively compared to the same periods of 2012. Net profit [...] The post MB earns 530b dong profit in q3/2013 appeared first on Vietnam Business News.

Bankers accuse employers of forcing their resignation Posted: 17 Nov 2013 07:00 PM PST A former chief of transaction of a small bank based in HCM City said he voluntarily asked to quit his job two months ago because he found it impossible to achieve the incredible sale targets set by his superiors. The banker, who asked to be referred to only as B., said it was the third [...] The post Bankers accuse employers of forcing their resignation appeared first on Vietnam Business News.

Interest rates inch up as year-end cash demand rises Posted: 17 Nov 2013 06:58 PM PST Short- and medium-term deposit rates have been rising steadily since early this month as banks compete for funds to meet the cash demand expected to rise in the final months of the year. Before the current rate rally, the deposit rate for months on end at most banks was hovering around 6% a year or [...] The post Interest rates inch up as year-end cash demand rises appeared first on Vietnam Business News.

Online banking grows fast Posted: 17 Nov 2013 06:57 PM PST Online transactions are a new tendency in the banking industry and the practice is replacing traditional transactions at bank offices, said Nirukt Sapru, CEO of Standard Chartered Bank for Vietnam, Laos and Cambodia. Sapru on Wednesday told local reporters that the lender will focus on developing its online banking service in the local market in [...] The post Online banking grows fast appeared first on Vietnam Business News.

Indebted firms can’t access credits Posted: 17 Nov 2013 06:55 PM PST Although the central bank has issued a document allowing banks to give new credits to enterprises that have incurred bad debts, some lenders have said that just a few firms are able to benefit from the policy. Trinh Van Tuan, chairman of Orient Commercial Bank (OCB), told the Daily that the regulation aims to help [...] The post Indebted firms can't access credits appeared first on Vietnam Business News.

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