Cbank cuts compulsory reserves for 5 lenders, boosts agricultural lending

The State Bank of Vietnam has cut the compulsory reserves in Vietnamese dong deposits for 5 lenders with large agricultural lending

Bad debts remain high at some city lenders: central bank

HCMC – The ratio of bad debts at a number of credit institutions in HCMC in 2011 was still high, or even sharply rose compared to the previous year, said the central bank’s HCMC Branch.

Stock Hopes Rest On Interest Rate

Transactions on Vietnam’s stock market between December 7 and 13

Dollar drops ahead of Tet

HCMC – The U.S. dollar on the unofficial market has declined in recent weeks, with the price standing at VND21,200 per dollar at gold shops near Ben Thanh Market in downtown HCMC late last week, down by VND200 against the previous week.

C.bank to issue credit ratings for banks

HCMC – The central bank’s bank inspection and supervision agency will issue credit ratings for local credit institutions and foreign bank branches in a bid to ensure transparency in banking sector operations.

Bank to use plan on intermediary payment service

The State Bank of Vietnam bank will submit a draft decree on non-cash payment to the Government early this year

Cbank to evaluate local banks credit rating

The State Bank of Vietnam will evaluate the credit rating of local credit institutions and branches of foreign banks, and will publicize the rating results

Lending rates cannot be cut in H1: SBV Governor

Solving banks’ liquidity shortage is the main task of the central bank this year, which will lay the ground for rate cuts

Deposits at city banks dip, rate cap breached

HCMC – The total amount of deposits at banks in HCMC is falling sharply, prompting many smaller banks in the city to breach the ceiling of 14% for deposit interest rates to attract more funds, said a senior official of the central bank.

Banks again breach deposit rate cap

Many banks have admitted to breaking the deposit interest rate ceiling, sending it up to 18 percent