The State Bank of Vietnam (SBV) has reported the banking operations for the week between December 31, 2011 and January 6, 2012 whereby the interbank trading value in Vietnamese dong decreased about 20% week on week. Particularly, the interbank trading turnover in week (as of January 4, 2012) in Vietnamese dong reached nearly 203.09 trillion [...]
The interbank average interest rate on January 16 decreased in most terms from January 13, 2012, of which, 12-month term saw the strongest fall of 7.65% to stay at 13% per annum (p.a.), marking the lowest level in nearly two months, VietBiz24.com cited the State Bank of Vietnam (SBV)’s website. In particular, 12-month term posted [...]
DOJI Group on January 18 announced that it has become strategic shareholder of TienPhong Joint Stock Bank. The prospective shareholder group includes the individuals namely Do Minh Phu, Chairman of DOJI Group and his brother Mr Do Anh Tu. With the event, DOJI jeweller and new shareholders committed to support TienPhongBank in increasing financial strength [...]
Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On the contrary, large companies may deposit a lot of money [...]
Many banks in Vietnam say dealing with bad debts rather than credit growth is going to be a priority task for 2012. According to the Dau Tu (Investment) newspaper, even large banks in the country fear that bad debts could rise this year. State-owned Bank for Investment and Development of Vietnam, for instance, has made [...]
The State Bank of Vietnam (SBV) pumped VND26 trillion into commercial banks through open market operations on Jan 17, the largest net injection since May 18, 2011, the local newswire NDHMoney.vn reported, citing Reuters’ data. The central bank on January 16-17 extended loan term on OMO window from 7 days to 14 days and maintained [...]
The State Bank of Vietnam (SBV) is likely to trim down interest rate from 14% per annum to 13% p.a. in the first quarter and further reducing it to 9% p.a. by the end of this year. The State Bank of Vietnam (SBV) is likely to trim down interest rate from 14% per annum to [...]
The State Bank of Vietnam (SBV) should inject cash to help improve bank liquidity in the short term, Le Xuan Nghia, Deputy Chairman of the National Finance Supervision Committee told the Banking Times. Besides, the SBV should raise required reserve ratio (RRR) and pay acceptable interest rates on bank reserves to regulate funds from large [...]
Many banks in Vietnam are targeting retail savings as large but short-term deposits from corporate clients prove to be a volatile funding source. Bankers said while term deposits from individual customers are usually small, they make up a stable source of capital for banks. On the contrary, large companies may deposit a lot of money [...]
The total interbank trading value of the dong slipped 20% to VND203.09 trillion from VND258.014 trillion in the week ending Jan 6, 2012 while that of the dollar declined 18% to VND97.11 trillion from VND118.974 trillion. The total interbank trading value of the dong slipped 20% to VND203.09 trillion from VND258.014 trillion in the week [...]
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