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Small banks face higher capital countdown

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Small commercial banks, who do not have VND3 trillion (US$160 million) in capital, will have to submit their plans to the central bank before the end of this month to increase their capital to that level.

 

 

Banks' indifference to risk management could prove costly: expert

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Most partly private banks in Vietnam have ignored risk management practices and this could place the country’s financial system as a whole in peril, a senior official says.

   

Gold loses glitter for Vietnamese investors

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Many investors are getting their gold out and buying into other asset classes as the interest banks pay on gold deposits has slumped to 0.1 percent.

   

Gold continues move backwards

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The price of gold in Vietnam fell by VND200,000 a tael (1.2 ounces) over the previous day on June 11 as global prices declined, triggered by profit-taking and positive economic indicators.

   

Gold drops for second day due to profit-taking

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The price of gold in Vietnam slid by VND120,000 a tael (1.2 ounces) over the previous day as global prices corrected themselves after investors sold heavily to lock in gains.

   

Banks ease interest rates to attract more borrowers

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A lot of commercial banks have launched new lending programs, offering to lend with preferential interest rates to expand their credit.

 

   

Dollar loans still attractive in the eyes of businesses

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Borrowing dollars instead of dong has proved to be the choice of many businesses presently, though firms have been warned that this may not be good for the national economy.

 

   

Lending ban unlikely to impact on market

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The State Bank of Viet Nam (SBV)'s new policy to ban banks from lending money to their own securities companies will not impact badly the securities market, according to sector insiders.

 

   

World Bank sees confidence in Vietnam dong returning

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Confidence in the Vietnamese dong (VND) is returning after a year of pressure and widespread expectations of devaluation, and the unofficial rate may continue to strengthen, the World Bank said on [ … ]

   

Gold prices rising, people rush to sell gold to reap profit

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The price of domestic gold has been increasing steadily following price increases in the world market.


   

Banks in Vietnam likely to miss credit growth targets

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The amount of loans in Vietnam so far this year has been less than expected and many lenders say they will not be able to achieve full-year credit growth targets.

   

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