The Business Times: Remittance volume continues to increase in 2014

---

• Remittance volume continues to increase in 2014
• Risk warnings on NPLs persist
• VDB raises 8.737tr dong of G-bond in January 2014
• Vietnam’s ex-banker gets life over $230 million fraud case
• Credit growth estimated at 1pct in January 2014
• PVI Re aims to hike chartered capital to 1.1tr dong
• Feb 6: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up
• SBV net injects vnd18,933 bln on jan 27
• Feb 6: Vietnam gold little changes at vnd35.34mln/tael
• VN’s exports to Russia set to increase

Remittance volume continues to increase in 2014 Posted: 05 Feb 2014 07:40 PM PST The large number of overseas national and export labourers many open policies have helped remittance volume to Vietnam increase sharply…. With $11 billion of remittances transferred to Vietnam in 2013, Vietnam continues to rank in top 10 countries that receive the largest remittance volume in the world, despite the difficulties of the global economy. In […] The post Remittance volume continues to increase in 2014 appeared first on Vietnam Business News.

Risk warnings on NPLs persist Posted: 05 Feb 2014 07:36 PM PST While the State Bank and commercial banks have attempted to tackle non-performing loans, the risk of bad debts increasing in the future remains. According to State Bank figures, by the end of 2013 the ratio of non-performing loans (NPLs) in the banking system fell to 3.79 per cent, down 1 per cent on the beginning […] The post Risk warnings on NPLs persist appeared first on Vietnam Business News.

VDB raises 8.737tr dong of G-bond in January 2014 Posted: 05 Feb 2014 07:34 PM PST Vietnam Development Bank (VDB) said that it raised 8.737 trillion dong of government-backed bonds in January 2014 via four auctions. As planned, in 2014, VDB would focus on issuing G-bond for terms of two years, three years, five years and ten years to create favourable conditions for domestic and foreign investors to participate in auctions. […] The post VDB raises 8.737tr dong of G-bond in January 2014 appeared first on Vietnam Business News.

Vietnam’s ex-banker gets life over $230 million fraud case Posted: 05 Feb 2014 07:33 PM PST A Vietnamese court Monday sentenced a former banker to life in prison for a fraud involving more than $230 million, one of the communist country's largest-ever such cases. Huynh Thi Huyen Nhu, 37, was convicted alongside 22 other defendants who were given sentences of up to 20 years in prison after a three-week trial ended […] The post Vietnam's ex-banker gets life over $230 million fraud case appeared first on Vietnam Business News.

Credit growth estimated at 1pct in January 2014 Posted: 05 Feb 2014 07:31 PM PST Credit growth is estimated to have increased 1 percent in January 2014, reaching 952.878 trillion dong at the end of January. Especially, foreign currency credit increased 0.84 percent compared to the decrease rate of 22 percent in 2013…. According to the State Bank of Vietnam (SBV)-HCM Branch, total VND outstanding loans of the city increased […] The post Credit growth estimated at 1pct in January 2014 appeared first on Vietnam Business News.

PVI Re aims to hike chartered capital to 1.1tr dong Posted: 05 Feb 2014 07:30 PM PST PVI Reinsurance Joint Stock Corp (PVI Re) is planning to scale up chartered capital by 1.65 times, from the current 668 billion dong to 1.1 trillion dong…. Right after the upcoming Lunar New Year holiday, PVI Re will carry out the share issuance to increase chartered capital from 668 billion dong to 825 billion dong […] The post PVI Re aims to hike chartered capital to 1.1tr dong appeared first on Vietnam Business News.

Feb 6: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 05 Feb 2014 07:28 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on the first trade after the Lunar New Year. 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, majority of commercial banks […] The post Feb 6: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News.

SBV net injects vnd18,933 bln on jan 27 Posted: 05 Feb 2014 07:27 PM PST The State Bank of Vietnam (SBV) net pumped VND18,884 billion through OMO and VND49 billion via mature T-bills, resulting in net injection of VND18,933 billion on Jan 27, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND19,199 billion through open market operation (OMO) while withdrew VND315 billion, resulting […] The post SBV net injects vnd18,933 bln on jan 27 appeared first on Vietnam Business News.

Feb 6: Vietnam gold little changes at vnd35.34mln/tael Posted: 05 Feb 2014 07:25 PM PST This morning, Vietnam gold was little changed versus yesterday morning and the last day before the Lunar New Year. World gold rebounded small loss after rising in New York trade last night. As of 09:45 am today, Hanoi time, SJC Hochiminh was traded at VND35.27 million/tael for bid and VND35.34 million/tael for ask, respectively. SJC […] The post Feb 6: Vietnam gold little changes at vnd35.34mln/tael appeared first on Vietnam Business News.

VN’s exports to Russia set to increase Posted: 05 Feb 2014 07:19 PM PST Viet Nam is on the cusp of a sea of opportunities that will boost exports to Russia. According to Vietnamese trade counsellor in Russia Pham Quang Niem, Russia’s accession to the World Trade Organisation (WTO) in August 2012, and the free trade agreement with the Customs Union of Belarus, Kazakhstan and Russia that is expected […] The post VN’s exports to Russia set to increase 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