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Credit institution restructuring guarantees depositors’ rights

This statement is made by Nguyen Van Hung - Deputy Chief Inspector of the State Bank of Vietnam (SBV)’s Inspection and Supervision Agency in an interview with reporter on the SBV’s credit institution restructuring in 2017.

FX rate stablised but dollarisation continues

Việt Nam has succeeded in stabilising the foreign exchange rate, but the rate of dollarisation has not decreased as expected, experts said in a meeting on Monday.

Vietnam's bad debt falls to 2.55 pct of loans at end 2015: c.bank

Bad debt in Vietnamese banks fell to 2.55 percent of total loans at the end of 2015 from 3.25 percent a year earlier, according to central bank data, the lowest since 2010, when a debt crisis started to emerge in the beleaguered banking sector.

VN’s small and medium sized enterprises struggle for credit

HÀ NỘI (VNS) — Rising demand for credit across Vietnam’s private sector is expected to drive bank loan books above the highs recorded last year.

Lowering interest rates and effects on depositors

Interest rate is one of main instruments used by the State Bank to conduct the national monetary policy. With the Directive 01/NHNN in 2013, the State Bank of Vietnam (SBV) emphasized that it would conduct the monetary policy in line with monetary movements, macroeconomic balances, and especially with inflation. On the other hand, the policy of the SBV is to lower interest rates, indirectly bring down the lending rates as well as interest rate levels, contributing to resolving difficulties for businesses and the whole economy.

Banks have money to lend - but few takers

Some of Vietnam’s leading banks are now reporting modest credit growth at best - and even contraction in some cases-despite ample capital resources and sliding lending rates.

New regulation requires notification of high value transactions to central bank

HA NOI— Any transaction over VND300 million (US$14,250) must be reported to the State Bank of Viet Nam under a recent decision that goes into effect June 10.

Monetary policy management results in first two months of 2013

With the synchronous and decisive implementation of comprehensive measures since the early months of the year, developments in monetary, credit and banking operations in the first two months of 2013 have picked up in accordance with the management objectives of the whole year.

Gold market again catches the eye

The bullion market situation is again coming into sharp focus.

Debt issue held up to the light

A long-awaited draft decree addressing bank bad debts is under the microscope. In light of the government’s draft decree on the Vietnam Asset Management Company (VAMC), the VAMC will buy banks’ non-performing loans (NPLs) or bad debts and pay in bonds.

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