Strengthening the role of deposit insurers in protecting financial consumers
Financial consumer protection is one of the important tools to increase people's access to finance, and at the same time to ensure the legitimate interests of financial consumers as well as...
26/11/2021
Resolution of failed institutions
It is timely and effective resolution of failed institutions that represents a remarkable attribute to ensure the stability and safety of the banking system. Honohan and Klingebiel (2003) estimate the average fiscal cost of banking crisis resolution at 13% of GDP.
07/11/2012
Vietnam's public debt under control
Vietnam’s 2011 public debt fell 1.9 percent over 2010 to 55.4 percent of the country’s gross domestic product (GDP), according to a Government report.
07/11/2012
Management of domestic gold market achieves positive results
Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) has said that in response to the Prime Minister’s instruction, the SBV has formulated a plan on management of the domestic gold market with two main objectives: (i) Mitigate the impact of...
06/11/2012
Credit market cools in year-end season
The banks’ doors have been opened widely to welcome businesses in the year end production season. However, businesses do not intend to get in.
05/11/2012
Bank chief plays down gold monopoly fear
State Bank Governor Nguyen Van Binh took responsibility in front of the National Assembly for misinformation and confusion on the gold market about the monopoly for producing gold bars allegedly granted by the State Bank to Sai Gon Jewelry Co (SJC).
05/11/2012
Banks fail to meet rising demand for dollar
The annual year-end spike in demand for foreign currency has set in, but it is unlikely that foreign currency loans by banks will expand sharply as a result.
29/10/2012
Banks struggle for capital in wake of new law
A crackdown on inter-bank trading has reduced their access to capital, prompting banks to raise deposit interest rates, often above the Government's cap, said Le Tham Duong of the HCM Banking University.
29/10/2012
Ban on gold deposits to be upheld
The State Bank of Vietnam has indefinitely extended the deadline for banks to cease accepting gold deposits in a bid to ensure the liquidity of the banking system in the remaining months of the year, State Bank deputy governor Le Minh Hung said on Thursday.
29/10/2012