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
Vietnam to restructure all ailing banks within June 2012: Governor
The State Bank of Vietnam (SBV) will basically restructure all nine weak commercial banks within this month, the SBV Governor Nguyen Van Binh said in a report to the National Assembly last Friday, the local newswire TTVN.vn reported.
18/06/2012
Vietnam to deal with 9 weak banks this month
The State Bank of Vietnam (SBV) has recently said it will restructure nine weak lenders in the country by the end of June, calling for the participation of all investors in the process.
18/06/2012
Fitch cuts ratings for 18 Spanish banks
The international ratings agency Fitch on Tuesday cut the ratings of 18 Spanish banks.
18/06/2012
Banks urge Gov't to establish State debt trading company
Leaders in the banking industry are calling for the establishment of a debt trading company with the capacity to buy up about VND100 trillion (US$4.8 billion) worth of bad debt, although questions remain about how it will be organized.
18/06/2012
Interest rates to be kept relatively stable
The State Bank of Vietnam will hold interest rates "relatively stable" during the remainder of the year, says the director of the central bank's monetary policy department, Nguyen Thi Hong, calling significant recent cuts in interest rates a...
18/06/2012
World Bank rolls out new country strategy
The World Bank in Vietnam announced the official launch of the Country Partnership Strategy (CPS) 2012-2016, which puts less focus on financial flows and more focus on how the bank can assist the country to capitalize on new ideas and manage its own resources better.
14/06/2012
Vietnam Central Bank to Set up a Company to Trade Bank Bad Debts
The State Bank of Vietnam (SBV) said it sought to set up a company specializing in trading bad debts of banks; a move aims to clean up banks' balance sheets and promote lending to the economy, the local online newspaper VnEconomy.vn reported.
06/06/2012
Vietnam may cut dong deposit ceiling to 9 pct-newspaper
Vietnam's central bank may cut the ceiling rate on dong deposits by another 2 percentage points to 9 percent later this year to help boost lending and spur economic growth, a state-run newspaper said on Friday, as lingering across Asia eye fresh stimulus to fight the global downturn.
06/06/2012