Vietnam ‘basically completes’ value assessment of weak banks pending forced takeover
The State Bank of Vietnam (SBV) has “basically completed” the “unprecedented” task of assessing the value of ailing banks subject to forced takeovers, said Governor Nguyen Thi Hong.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to handle 2-3 ailing banks, industrial projects this year
The State Bank of Vietnam (SBV) and the Commission for the Management of State Capital at Enterprises (CMSC) will have to finish the handling of at least two to three banks and industrial projects by the end of this year, according to a government decision.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam gov’t to have commercial banks take over ailing peers
The Vietnamese government has given in-principle approval to a scheme that will have domestic commercial banks take over two weak peers, a central bank report says, part of broader efforts to clean up the banking system and reduce the number of lenders.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates below 8% at all Vietnam banks
Interest rates on 12-month deposits have fallen below 8% at all commercial banks in Vietnam following Prime Minister Pham Minh Chinh’s call for lower rates on loans.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Two banks buck trend with deposit interest rates of 8% plus
GPBank and Saigonbank are the only banks in Vietnam offering annual interest rates of 8% or more for term deposits, bucking the sector’s trend of cutting interest rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Compulsory transfer of 4 banks under special control approved
The State Bank of Vietnam (SBV) said competent authorities have approved the plan for compulsory transfer of four banks under special control, namely Construction Bank (CB), OceanBank, GPBank and DongA Bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates drop below 9.5% per central bank prompt
Vietnamese commercial banks have reduced their deposit interest rates en masse below 9.5% per year after the State Bank of Vietnam (SBV) said it would restrain credit institutions and branches of foreign banks with hiked interest rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
