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Tag
State Bank of Vietnam
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Vietnam's bad debt down to 2.9 pct in 2015
Bad debt within the Vietnamese banking system fell to 2.9 percent of outstanding loans at the end of 2015 from 3.7 percent a year before, according to the annual financial report released on March 14 by the government's National Financial Supervisory Commission.
New foreign owned bank to enter Vietnam market
The State Bank of Vietnam (SBV) on March 24 approved the establishment of Public Bank Vietnam Limited with a chartered capital of VND3 trillion ($134 million).
Vietnam to reform banking system amid challenges from TPP
Prime Minister Nguyen Xuan Phuc addressed the 17th Asian Banker Summit today, pledging to continue economic reforms across the country, including the banking sector, as Vietnam integrates into the global market.
May 10, 2016 | 11:53 pm PT
Vietnam’s third largest bank to sell its stake in SaigonBank
State-owned VietinBank will sell nearly 17 million holding shares in Saigonbank, equivalent to over five percent of the bank's charter capital, to reduce ownership cap down to about five percent with only 15.12 million shares.
May 20, 2016 | 10:25 pm PT
State Bank of Vietnam buys up $7 billion to boost foreign exchange reserves
The State Bank of Vietnam (SBV) has purchased $7 billion since the start of the year, but doled out more than $3 billion in the last two months.
May 31, 2016 | 03:38 am PT
South Korea's Busan Bank open for business in Ho Chi Minh City
The State Bank of Vietnam issued a license for Busan Bank to start trading on May 27 at its new branch in Ho Chi Minh City's District 1.
June 1, 2016 | 12:16 am PT
S.Korea's Woori Bank to form Vietnam unit by July
South Korea's Woori Bank expects to establish a Vietnam unit this month or in July, a bank official said on Tuesday, as part of the lender's plans to expand its network in the expanding market of Southeast Asia.
June 21, 2016 | 06:50 pm PT
Trump's immigration rules threaten remittances to Vietnam
Vietnam's remittances from the U.S. made up 4 percent of the country's GDP in 2016.
March 12, 2017 | 09:00 am PT
Embattled Vietnamese official seen in rare public photo after implication in massive graft case
Dinh La Thang's appearances in the media have been rare since he was ousted from the Politburo, but his name remains a major talking point.
September 18, 2017 | 10:36 pm PT
Payment rejected: Bitcoin transactions remain illegal in Vietnam
The only payment methods allowed in the country are issued or controlled by the State Bank.
October 28, 2017 | 10:44 pm PT
Vietnam central bank seeks to lower commercial rates
Vietnam will clean up non-performing loans and build up foreign exchange reserves.
March 13, 2018 | 11:43 pm PT
International bonds set to launch in Vietnamese currency
The bonds will give foreign investors easier access to dong investments.
April 13, 2018 | 04:26 pm PT
Vietnam bank loans up 6.16 pct in 5 months
Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017.
June 11, 2018 | 01:59 am PT
Vietnam central bank ready to intervene as dong dips
The Vietnamese currency hit 22,965 to the dollar on Friday as the greenback rose in global markets.
July 2, 2018 | 07:23 pm PT
Central bank intervenes to check currency fall
The dong showed signs of stability on Wednesday, rising slightly against the dollar as the State Bank of Vietnam intervened to increase foreign currency supply.
July 18, 2018 | 03:49 am PT
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