Update May, 18 2012 12:23:02
May, 17 2012 10:46:00
Exchange rates are showing stable development, says financial and banking expert Nguyen Tri Hieu. The average inter-bank rate of exchange yesterday, as listed by the State Bank of Viet Nam,...
May, 17 2012 10:22:01
Vietinbank to sell 20% to partner
The Bank for Industry and Trade of Viet Nam (Vietinbank) plans to sell 20 per cent of its shares to a strategic partner in the third or fourth quarter of this year, said Pham Huy Hung, the bank's chairman, at an analysts' meeting yesterday in Ha Noi.
May, 16 2012 09:14:09
Bank strategy targets priority for the poor
Viet Nam Bank for Social Policy deputy general director Nguyen Van Ly spoke to the newspaper Nong thon Ngay nay (Countryside Today) newspaper about development strategies.
May, 15 2012 09:38:42
Eximbank takes control of Sacombank board
Eximbank (EIB) has invested about VND1.6 trillion (US$76.2 million) in Sacombank (STB) and will control Sacombank's board of directors, Eximbank chairman Le Hung Dung said on Sunday at the EIB shareholders meeting.
May, 09 2012 09:47:36
Firms fail to access credit despite new interest cap
A ceiling lending interest rate of 15 per cent was officially applied for four prioritised sectors yesterday as the State Bank of Viet Nam's Circular 14/ 2012/TT-NHNN came into effect, but industry insiders said conditions remained difficult for firms to approach bank loans.
May, 05 2012 08:33:07
Borrowers to gain better access to foreign capital
Credit institutions, including foreign bank branches, can now make loans in foreign currency to customers residing in the country, the State Bank of Viet Nam has ruled.
May, 05 2012 08:24:32
BIDV credit programme to spur property market
The Bank for Investment and Development of Viet Nam (BIDV) plans to launch a credit package worth VND4 trillion (US$192.3 million) this month to help prop up the ailing real estate market, the bank's chairman Tran Bac Ha has told the media.
May, 04 2012 09:26:53
World Bank praises wise use of funds
The Vietnamese Government had effectively used the World Bank's financial support, particularly in education and social security, the bank's managing director Mahmoud Mohieldin said yesterday.
May, 03 2012 17:53:00
Borrowers get better access to foreign capital
Credit institutions, including foreign bank branches, can now make loans in foreign currency to customers residing in the country, the State Bank of Viet Nam has ruled.
April, 27 2012 10:26:16
Businesses still struggle to access credit
Total credit issued by the nation's banking system shrank by 2.13 per cent in the first quarter, suggesting that despite a recent downward trend in interest rates, many businesses continued to face difficulties accessing bank loans.
April, 26 2012 10:21:32
Banks urged to help ailing firms
The State Bank of Viet Nam (SBV) on Tuesday asked foreign bank branches and credit institutions to restructure the debt repayment period in accordance with current regulations, in a move to remove obstacles for businesses.