Lending over 4 months up 2.1%
Lending over 4 months up 2.1%
The outstanding loans given by commercial banks have increased 2.11 per cent since December, according to the State Bank of Viet Nam (SBV).
Banking sector needs to embrace IT innovation
Banking sector needs to embrace IT innovation
IT was becoming more and more important to the financial security and operational efficiency of banking services, State Bank of Viet Nam (SBV) Governor Nguyen Van Binh said at a banking technology conference in Ha Noi yesterday.
State Bank decides to cut management interest rates
State Bank decides to cut management interest rates
The State Bank of Viet Nam (SBV) has decided to cut interest rates used as management tools by 1 percentage point. The change, Deputy Governor Nguyen Dong Tien said, would take effect next Monday.
Bank merger talks continue
Bank merger talks continue
A possible merger between HCM City Development Bank and DaiABank revealed two weeks ago was ignored at DaiABank's annual shareholder meeting yesterday.
PM Dung approves programme to cut public debt by 2015
PM Dung approves programme to cut public debt by 2015
The Prime Minister approved a medium-term debt management programme for the 2013-15 period.The programme aims to lower public debt to less than 65 per cent of GDP by 2015, of which Govern-ment loans and foreign debts cannot account for more than half.
Deposit interest rates vary between domestic banks
Deposit interest rates vary between domestic banks
Interest rates haven't shown significant changes since Vietcombank's rate cuts, but they have revealed the sharper rate difference among the banks.
Vietcombank slashes interest on deposits
Vietcombank slashes interest on deposits
Vietcombank early this week cut its monthly deposit interest rate for the dong to 6 per cent, 1.5 per cent lower than the ceiling rate stipulated by the State Bank of Viet Nam.
Banks enjoy growth but stay below target
Banks enjoy growth but stay below target
The banking industry witnessed a positive increase in credit growth over the past four months, with commercial banks reporting higher profits, according to the State Bank of Viet Nam (SBV).
City banks asked to step up support for businesses
City banks asked to step up support for businesses
The State Bank of Viet Nam's HCMC branch has urged commercial banks in the city to take further measures to help firms revive production and increase their own credit portfolio.
SeABank wins best cloud prize
SeABank wins best cloud prize
Asian Banker magazine awarded the Best Cloud Based Project in Viet Nam prize to Southeast Asia Commercial Joint Stock Bank (SeAbank).
Banks aim high despite market challenges
Banks aim high despite market challenges
HCM City's major joint-stock banks have set ambitious credit growth targets for this year though the market remains very difficult.

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Hightlight

Tax code reforms to decipher dependents Tax code reforms to decipher dependents

People who are dependent on personal income tax payers will be given their own tax codes to avoid people lodging claims as dependents of more than one taxpayer.

Farmer-firm linkups remain elusive despite Gov't efforts Farmer-firm linkups remain elusive despite Gov't efforts

More than 10 years after the Government unveiled policies to encourage tie-ups between farmers and businesses, the proportion of farm produce sold through such contracts remains modest.

Buddha statues highlight heritage Buddha statues highlight heritage

An exhibition of Buddhist artefacts from the 11th to 20th century opened yesterday at the HCM City-based Xa Loi Pagoda.

Australian book to provide ‘limitless' inspiration Australian book to provide ‘limitless' inspiration

A book by Australian limbless victim Nick Vujicic was launched in Vietnamese yesterday.









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