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
Cutting interest rates for capital restructuring
Interest rates for short-term deposits had remained high for a long time before being adjusted lower than those for medium- and long-term ones. Economists say the adjustments are appropriate as both inflation and interest rates are following a...
18/06/2012
Interest rates lower, exchange rate under harder pressure
The continued interest rate reductions are thought to put a hard pressure on the dong/dollar exchange rate. However, Economists do not think that the dong will depreciate sharply this year.
18/06/2012
Cbank pledges steady 9pct depositing rate until year-end
The State Bank of Vietnam has pledged to maintain a 9 percent depositing rate for one-year term deposits from now to the end of the year.
18/06/2012
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