The Business Times: New State Bank regulations get tough on “tycoons” exceeding their share limit

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• New State Bank regulations get tough on “tycoons” exceeding their share limit
• Commercial banks stand firm amid East Sea tension
• Ethanol plans still lack spark

New State Bank regulations get tough on “tycoons” exceeding their share limit Posted: 16 Jul 2014 07:18 PM PDT As the State Bank of Vietnam (SBV) has threatened to impose stiff fines or punishment on bank shareholders who have share proportions higher than the permitted levels, many bankers are believed to be selling parts of their shares to reduce ownership ratios. A circular being drafted by SBV says that bank shareholders who have been […] The post New State Bank regulations get tough on "tycoons" exceeding their share limit appeared first on Vietnam Business News.

Commercial banks stand firm amid East Sea tension Posted: 16 Jul 2014 07:10 PM PDT The Vietnamese monetary market and bank operations have been stable over the last two months, since the day China illegally deployed its oil rig in the Vietnamese territorial waters. Reports from official sources all show that banks are still in good condition. Worries were once raised when southerners rushed to withdraw their money from banks […] The post Commercial banks stand firm amid East Sea tension appeared first on Vietnam Business News.

Ethanol plans still lack spark Posted: 16 Jul 2014 07:08 PM PDT The Vietnamese government is boosting preparations for the greater use of ethanol fuels across the country in order to meet an ambitious deadline for implementation. Deputy Minister of Industry and Trade Cao Quoc Hung last week said that large petrol dealers, including Petrolimex and PVOil, an arm of the state-run PetroVietnam, had already prepared facilities […] The post Ethanol plans still lack spark appeared first on Vietnam Business News.

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