Banking - Finance

HA NOI (Homeid)— The State Bank of Viet Nam (SBV) has sent a document to commercial banks asking them to extend loans to food companies to enable them to buy paddy/rice reserves.

HA NOI (Homeid)— Many Vietnamese banks are seeking support from foreign partners, including Japanese investors, in a bid to boost their capital.

HA NOI (Homeid)— Though business for the banking sector improved during the first five months of this year, 24 out of 124 credit institutions reported losses during the period, according to the State Bank of Viet Nam.

HA NOI (Homeid)— There are virtually no derivatives in the Vietnamese bond market, says Vietnam Bond Market Association general secretary Do Ngoc Quynh.

HA NOI (Homeid) ― Sacombank has said it will ask the State Bank for permission to increase its credit growth quota for this year as its outstanding loans have grown 8 per cent in the first five months, representing two-thirds of the target set for 2013.

HA NOI (Homeid)— TienPhong Bank has raised its charter capital from VND3 trillion (US$142.9 million) to VND5.55 trillion ($264.3 million).

HCM CITY (Homeid)— State Bank of Viet Nam Governor Nguyen Van Binh believes that the banking sector will realise its credit growth target of 12 per cent this year, according to a Viet Nam Investment Review report.

HCM CITY (Homeid) — Ho Chi Minh City Development Bank (HDBank) has received approval from the State Bank to open a branch in the Mekong Delta Province of Long An, taking its total number of offices to 122 nationwide.

HA NOI (Homeid) — TienPhong Bank has raised its charter capital from VND3 trillion ($142.9 million) to VND5.55 trillion ($264.3 million).

HA NOI (Homeid)— Non-performing loans (NPLs) of commercial banks were estimated at VND137.1 trillion (US$6.53 billion) by the end of April, accounting for 4.67 per cent of total loans, according to data from the State Bank of Viet Nam (SBV).