Foreign Banks

Foreign banks face asset threshold

Foreign banks who want licences to operate in Vietnam must have at least 100 trillion VND (4.76 billion USD) worth of assets in total, according to the State Bank of Vietnam (SBV).

Foreign banks required to follow forex rules

The State Bank of Vietnam (SBV) on Thursday requested foreign banks to strictly adhere to regulations on foreign currency trading activities

SBV asks foreign banks to comply with ceiling forex rate

HCMC – The State Bank of Vietnam (SBV) on Thursday requested foreign banks at home to strictly adhere to regulations on foreign currency trading activities.

High Turnover Of Key Personnel

This year witnesses a high turnover of key personnel at commercial joint-stock banks

Three foreign banks finance Vietnam Air’s aircraft deal

HCMC - A consortium consisting of three foreign banks on Monday cut a deal with Vietnam Airlines to provide loans for the purchase of eight Airbus A321-231s from France-based plane manufacturer Airbus.

Korean bank wants to open branch in Vietnam

Hana Bank wants to turn its representative office in Ho Chi Minh City into a branch, a Korean newspaper quoted it as saying

Foreign stakes at commercial banks up

Deputy Chairman of the National Financial Supervisory Committee Le Xuan Nghia has affirmed that there will be no mass sale of banking shares to foreign investors.

Five foreign banks lend Petrovietnam $904 mln

A consortium of five foreign banks and Vietnam's state oil and gas group Petrovietnam have signed credit contracts worth $904 million to fund a major power plant

Foreign banks asked to limit 2011 credit growth

HCMC – The State Bank of Vietnam has issued a dispatch asking foreign banks to obey the cap on 2011 credit growth which has been applied to local institutions.

SBV told to fight dollar speculation at banks

HCMC – The Prime Minister has told the State Bank of Vietnam (SBV) to consider lowering the foreign currency holdings in the banking system in an effort to fight dollar speculation by commercial banks.

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From Politics

NA talks about changes to work law

Employees harvest whitened-leg shrimps in the Hung Bien Ocean Items Co Ltd within the central province of Quang Binh. The draft amended Work Code, that was talked about through the NA yesterday, is anticipated to make sure workers' proper privileges including salaries, overtime and maternity leave. — VNA/VNS Photo Huy Hung HN — The Nation's Set up talked about a variety of concerns associated with work issues throughout a session which was

PM greets mind of Lao inspectorate

HN — Pm Nguyen Tan Dung yesterday confirmed that Viet Nam always supported co-operation between its relevant agencies and also the Inspection Commission from the Lao Individuals Revolutionary Party Central Committee and also the Government Inspectorate of Laos. Dung made the statement while finding the commission mind, Inspector-General Bounthong Chitmany.Dung stated co-operation would concentrate on training human assets within the sector in addition to swapping encounters within the combat and protection