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SBV requests control on foreign currency loans

Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.

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Private banks raise interest rates to attract depositors

Private commercial banks have raised deposit rates by 0.1-0.3 percentage points in the past two months to attract depositors amid rising capital demands.

   

ACB gets nod to increase charter capital to over $548 million

The State Bank of Việt Nam has approved Asia Commercial Bank (ACB)’s proposal to increase its charter capital from VNĐ11.25 trillion (US$479 million) to VNĐ12.88 trillion ($548.34 million).

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Vietnamese banks targeted to be listed among Asia’s top 100

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The Vietnamese banking sector has set a goal that at least one bank be ranked among Asia’s top 100 by late 2020.

   

Calls again for scrapping credit growth limits for banks

Tiền Phong Commercial Joint Stock Bank (TPBank) has been allotted a 15 per cent credit growth quota in 2018, but it used up 14.5 per cent right in the first half of the year.

   

State Treasury deposits at banks down 28%

The State Treasury holds deposits of nearly VNĐ170 trillion (US$7.23 billion) in three State-owned commercial banks - Vietcombank, BIDV and VietinBank - by the end of June, do [ … ]

   

Banks won’t get higher credit limits

The State Bank of Việt Nam (SBV) will not adjust upward credit growth limits for commercial banks, except in some special cases, for the rest of the year, SBV Governor Lê Minh Hưng said.

   

Central bank makes net withdrawal of $2.55 billion

Liquidity in the banking system has improved in the past week, pushing the State Bank of Việt Nam to make a net withdrawal of VNĐ60 trillion (US$2.55 billion).

   

SBV takes strict control in real estate, securities lending

The State Bank of Việt Nam (SBV) will conduct surprise inspections of credit institutions whose loans in some potentially risky sectors are high and account for a large proportion of the ins [ … ]

   

Regulations on bank establishment to be eased

Business conditions related to the establishment and operation of joint stock commercial banks and non-bank credit institutions in Việt Nam will be eased under a draft circular fro [ … ]

   

G-bonds worth US$671 million raised in July

The Hà Nội Stock Exchange organised 33 Government-bond auctions last month, raising VNĐ15.77 trillion (US$671 million), down 6.9 per cent against the previous month.

   

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