Vietnam
Vietnam appoints two new c bank deputy governors
VIETNAM - Vietnam's Prime Minister Phan Van Khai has appointed Phung Khac Ke and Vu Thi Lien as deputy governors of the State Bank of Vietnam, a central bank official said Friday.
Vietnam cuts banks' reserve requirement to 8 pct
VIETNAM - Vietnam's central bank said on Tuesday it had cut the level of reserves banks must maintain for foreign currency deposits to eight percent from 10 percent.
Electronic signatures allowed for bank payment
VIETNAM - The State Bank of Vietnam (SBV) will announce regulations over the pattern and content of electronic documents to be used for payment services among banks next month, deputy governor Nguyen Van Giau said.
Vietnam c bank governor has no bank account-media
VIETNAM - Vietnam's central bank Governor Le Duc Thuy, who is leading a campaign to reduce the country's reliance on cash transactions, has admitted he does not have a credit card, or a personal bank account.
Vietnam's Eximbank begins payments scheme
VIETNAM - The joint stock Commercial Bank for Import and Export of Vietnam, Eximbank, held on 11 October the second phase of bidding for the project "Intrabank payment system and Eximbank's applications."
Vietnam's gold prices soar again after US strikes
VIETNAM - Local gold prices shot up to VND5.3 million a tael (37.5 grammes) on Monday morning before settling down to VND5.27 million a tael in the afternoon following the US-led air strikes on Afghanistan.
Vietnam central bank takes steps to rein in gold
VIETNAM - The central bank will sell more gold to the domestic market in an effort to curb the upward spiralling price of the yellow metal following the events of 11 September in the United States, said deputy central bank governor Duong Thu Huong.
Vietnam cbank launches electronic payment system
The State Bank of Vietnam (SBV) has completed the technical side of its US$13.2 million inter-bank payment project funded by the World Bank-funded, SBV Governor Le Duc Thuy announced.
Korean payment system to operate in Vietnam
The Korea Financial Telecommunications and Clearings Institute (KFIC) said on Feb 28 it will hold a ceremony on Mar 6 to mark the operation of a Korean-designed inter-bank payment system that was recently installed at the State Bank of Vietnam.
Compulsory reserve ratio maintained in Vietnam
The Vietnamese central bank will not reduce the compulsory reserve ratio for foreign currency deposits of less than 12 months despite proposed amendments from some local banks since earlier this month.
Russian central bank deputy governor in Vietnam
A delegation of Russian central bank headed by its deputy governor, V.A Melnikov has been in Vietnam since February 16, said the International Relation Dept. of the State Bank of Vietnam. They are scheduled to work with the central bank office,…
Vietnam,Russia look to bilateral payment mechanism
Risks encountered by Vietnam's businesses in trading with Russian partners will likely be removed if talks between the visiting Russian banking delegation with their Vietnamese counterparts bear fruit.
Vietnam - New regulations on banks' rep offices
Commercial banks can open rep offices and branches at home and abroad, as well as set up, disband and merge branches, provided they meet certain conditions, the central bank has ruled.Decision 90/2001/QD-NHNN regarding this signed last week by deputy…
Vietnam seeks US$500m IMF loan
Vietnam is seeking an emergency loan from the International Monetary Fund to help pay for a US$1.5 billion (S$2.6 billion) programme to restructure its debt-ridden banking sector. The country is negotiating a US$500 million loan package with the IMF,…
Interview: State Bank of Vietnam's Le Duc Thuy
Vietnam's central bank governor Le Duc Thuy discussed plans to develop the country's banking system in an interview with the local Sai Gon Giai Phong (Liberation Saigon) Daily newspaper.
Hanoi eases rules on using land as collateral
Vietnam has relaxed rules governing the use of land rights as collateral to borrow from commercial banks, a move aimed at stimulating investment, a central bank official said on Tuesday.
Vietnam banks dispute compulsory reserve ratios
Commercial banks have criticised the central bank's increase of the compulsory ratio of deposit reserves from this month from 8% to 12% for call and less than 12-month deposits in the dollar.
Vietnam's bad and overdue debts 11.7% of loans
Vietnam's "bad, overdue and uncollectible debts," now total 11.7% of the country's total outstanding loans, central bank governor Le Duc Thuy said Wednesday.
Vietnam clarifies rules on loan loss provisions
Vietnam's central bank has issued a regulation clarifying how commercial banks must calculate and put aside their loan loss provisions, a central bank official said Wednesday.
Vietnam bank governor answers inquiries
Vietnam's state bank governor Le Duc Thuy answered inquiries of National Assembly deputies related to bad debts, restructuring the joint-stock commercial bank system, and the use of cash.
Vietnam central bank liberalises payment fees
The Vietnamese central bank has decided to remove all limits on domestic and international payment fees charged by banks.
Vietnam central bank agrees on bank merging plan
Vietnam's central bank has agreed in principle to the merger of two commercial banks but a final decision will be announced after merging procedures are completed, a bank official said on Friday.