The State Bank of Việt Nam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks' branches for the first time since 2011.
The State Audit of Vietnam has proposed the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay the State Budget nearly VNĐ2.5 trillion (US$110.9 million) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.
A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status, according to analysts.
The National Assembly voted on an amended version of the country’s Law on Credit Institutions on Monday.
DongA Bank has consistently delivered a steady performance under the State Bank of Việt Nam’s special supervision, helping it recoup non-performing loans (NPLs) worth VNĐ504 billion (US$22.1 million in Q1 2017.
Liquidity of the banking system remains good and the interest rate level is stable with no pressure on rate hike reported.
The public security ministry’s police investigation agency has decided to prosecute two former top officials of the HCM City-based Đông Á Bank (DongA Bank), it announced today.