The deadline for short term gold certificate issuance by credit institutions has been extended to November 25 instead of May 1 as previously scheduled. However, the latest decision by the St [ … ]

Moody's Investors Service placed the B2 deposit and issuer ratings of Saigon-Hanoi Commercial Joint Stock Bank (SHB) on review for a possible downgrade on May 18.

The State Bank of Vietnam (SBV) has asked 14 commercial banks to accelerate debt settlement processes.

Instead of pushing up lending, commercial banks have spent money to buy government bonds, accepting the low government bond interest rates.

Credit institutions that do not thoroughly restructure will miss a precious opportunity to improve their competitiveness.

Vietnamese fiscal and monetary policies will likely be more maneuverable in 2012, as the country’s macroeconomic situation is stabilizing, said an economist who is also a member of the Natio [ … ]

The Prime Minister has appointed another deputy governor to the State Bank of Vietnam (SBV) to accelerate restructuring in the banking sector.

While businesses moan about big losses and heaped debts, banks still make fat profit, thus allowing their bosses to pocket millions of dollars a year.

Fiscal does not tone with the monetary policy in implementing a common task of fighting against inflation.

The Vietnam Joint Stock Commercial Bank for Industry (Vietinbank) goes through with a deal to sell 20% more stake to a foreign partner in the fourth quarter, said the chairman on May 16.