Difficult to find investors for restructuring weak banks: Vietnam central bank

Difficult to find investors for restructuring weak banks: Vietnam central bank

Placing five banks under special control was "unprecedented" and it will not be easy to find investors to help restructure them in the post-pandemic context, said the State Bank of Vietnam governor.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam credit growth slow despite rates back to pre-pandemic levels

Vietnam credit growth slow despite rates back to pre-pandemic levels

Lending interest rates have returned to pre-pandemic levels, but Vietnam’s credit has still expanded slowly at only 7.1% so far this year, said State Bank of Vietnam (SBV) Governor Nguyen Thi Hong.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Treasury Secretary Yellen backs Vietnam development

Treasury Secretary Yellen backs Vietnam development

The U.S. Department of the Treasury (USDT) is supportive of Vietnam’s growth and economic transformation, which are good for both the Vietnamese and the American people, USDT Secretary Janet Yellen said Thursday.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

US state Nebraska, Binh Duong province ink multifaceted cooperation pact

US state Nebraska, Binh Duong province ink multifaceted cooperation pact

Nebraska, a Midwestern state in the U.S., and Vietnam’s southern industrial province of Binh Duong have agreed to step up cooperation in many areas.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nebraska Governor leads delegation on first trade mission to Vietnam

Nebraska Governor leads delegation on first trade mission to Vietnam

Nebraska Governor Jim Pillen will lead a delegation to Vietnam in a week-long visit starting Sunday, to grow trade opportunities that will benefit the U.S. state, his office announced Saturday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Oregon State Governor visits Vietnam to promote trade

Oregon State Governor visits Vietnam to promote trade

Kate Brown, the Governor of Oregon in the U.S., is traveling to Vietnam for a one-week trade mission starting November 11, U.S. time.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Banking profit margins not high: State Bank governor

Banking profit margins not high: State Bank governor

State Bank Governor Nguyen Thi Hong on Thursday rejected allegations that banking profits were huge when the Covid-19 pandemic wrecked havoc on the local business community.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7