State Bank of Vietnam

Type: Organization
Name: State Bank of Vietnam
First reported 7 hours ago - Updated 7 hours ago - 1 reports

Prime Minister urges measures to bring bad debt down to 3% in 2015

Prime Minister Nguyen Tan Dung asked Government members to work out effective measures to bring the level of bad debt to 3% in 2015 during a regular Government meeting on October 29.According to data compiled by the State Bank of Vietnam from reports ... [Published StoxPlus.com - 7 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Vietnam’s economy improving: CBRE

Vietnam's GDP grew 5.62 percent in the first nine months of 2014, along with accelerating foreign investment that increased exports and manufacturing, according to a report released by CBRE Vietnam.By the end of August, as reported by the State Bank of ... [Published VietnamPlus - 10 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

State Bank of Vietnam cuts interest rates to boost growth

The State Bank of Vietnam (SBV) has cut the interest rate on Vietnamese dong deposits with terms of less than six month by 0.5 percentage point to 5.5% in a move to encourage lending and boost economic growth.The central bank's move aims to boost lending ... [Published Vietnamese Investment Review - 16 hours ago]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

Lower deposit rates buoy stock market

Kim NganBy Kim Ngan - The Saigon Times DailyHCMC - The stock market bounced back on October 28 after three losing sessions in a row in the wake of the State Bank of Vietnam’s latest ceiling rate cuts for local and foreign currency deposits, which take ... [Published Saigon Economic Times - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

Deposit rate cap falls

Hong PhucBy Hong Phuc - The Saigon Times DailyPeople ride on a motorcycle and bicycle past the State Bank of Vietnam in Hanoi - PHOTO: REUTERSHCMC – The State Bank of Vietnam (SBV) has decided to revise down the deposit interest rate cap to 5.5% a year ... [Published Saigon Economic Times - Oct 29 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

Vietnam banks will be fined if ATMs run out of cash

Banks in Vietnam will be subject to a fine of up to VND15 million (US$707) as of December for a variety of violations related to the operation of their automated teller machines (ATMs), including when they run out of cash, according to a newly-released ... [Published Tuoitrenews.vn - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 29 2014 - 1 reports

Standard Chartered has Vietnam aspirations

Standard Chartered Bank is determined to become a market leader in terms of value-added products and service quality, demonstrating above-market growth in the coming years. This aspiration is driving the bank to embark on a new stage of development. Standard ... [Published Vietnamese Investment Review - Oct 28 2014]
First reported Oct 29 2014 - Updated Oct 29 2014 - 1 reports

State Bank slashes deposit rate cap

The annual interest rate cap for short-term Vietnamese dong deposits will be cut from 6 percent to 5.5 percent.The State Bank of Vietnam (SBV) made this announcement at its regular monthly meeting in Hanoi on October 28 and added that the decision, the ... [Published VietnamPlus - Oct 29 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

ONGC, PetroVietnam sign MoU

New Delhi, Oct. 28 (ANI): Prime Minister Narendra Modi and Vietnamese Prime Minister Nguyen Tan Dung on Tuesday witnessed the signing of seven agreements and memorandums of understanding (MoU) between New Delhi and Hanoi during the latter's state visit, ... [Published Yahoo! India - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Vietnam index rebounds on bargain hunting, rate cuts

Tuesday, 28 October 2014 14:20Posted by HANOI: Vietnam's benchmark VN Index ticked up 0.4 percent to close on Tuesday, snapping a three-fall streak, as investors bought cheap shares ahead of the central bank's key rate cuts, analysts and traders said ... [Published Business Recorder - Oct 28 2014]
Entities: Rate Cut, Vietnam, Index
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Vietnam to lower key rates to boost economic growth

(Recasts to add details) HANOI, Oct 28 (Reuters) - Vietnam is lowering the ceiling on dollar and dong deposits, a move that the market has expected and which could reduce loan rates and boost economic growth. The Southeast Asian nation expects economic ... [Published Sharenet - Oct 28 2014]
First reported Oct 28 2014 - Updated Oct 28 2014 - 1 reports

Vietnam Cuts Policy Rate to Spur Lending, Boost Economic Growth

Vietnam will cut a key policy rateto spur lending by banks as the government steps up measures tobolster a struggling economy.The State Bank of Vietnam’s dong deposit rate will be cutto 5.5 percent from 6 percent, the deputy head of monetarypolicy Nguyen ... [Published Bloomberg - Oct 28 2014]

Quotes

"Seems like the main reason for today's rally is the rate cuts, besides bargain hunting after a steep fall on Monday" said a Hanoi-based trader with Ho Chi Minh City Securities
"The business activities of Ocean Bank remained stable as usual, and OceanBank is committed to ensuring liquidity,” she said."
"The State Bank of Vietnam is closely cooperating with relevant authorities to strictly deal with the violations at Ocean Bank under the law" it added without giving further details
"If Shellshock and Heartbleed were Threat Level 10, then Poodle is more like a 5 or a 6" Tal Klein, vice president of cloud security firm Adallom, was quoted by Reuters as saying

More Content

All (163) | News (108) | Reports (0) | Blogs (53) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Prime Minister urges measures to bring bad debt... [Published StoxPlus.com - 7 hours ago]
Vietnam’s economy improving: CBRE [Published VietnamPlus - 10 hours ago]
State Bank of Vietnam cuts interest rates to bo... [Published Vietnamese Investment Review - 16 hours ago]
Lower deposit rates buoy stock market [Published Saigon Economic Times - Oct 29 2014]
Deposit rate cap falls [Published Saigon Economic Times - Oct 29 2014]
Grand Central: Fed Critics Have Been Wrong Abou... [Published WSJ.com: Real Time Economics - Oct 29 2014]
Vietnam banks will be fined if ATMs run out of ... [Published Tuoitrenews.vn - Oct 29 2014]
State Bank slashes deposit rate cap [Published VietnamPlus - Oct 29 2014]
Ocean Bank says liquidity still fine [Published Saigon Economic Times - Oct 28 2014]
ONGC, PetroVietnam sign MoU [Published Yahoo! India - Oct 28 2014]
India-Vietnam partnership would lead to peace: ... [Published MyIris - Oct 28 2014]
Standard Chartered has Vietnam aspirations [Published Vietnamese Investment Review - Oct 28 2014]
Vietnam index rebounds on bargain hunting, rate... [Published Business Recorder - Oct 28 2014]
India and Vietnam partnership important for Asi... [Published India Infoline - Oct 28 2014]
Vietnam to lower key rates to boost economic gr... [Published Sharenet - Oct 28 2014]
Vietnam Cuts Policy Rate to Spur Lending, Boost... [Published Bloomberg - Oct 28 2014]
Former Ocean Bank chairman detained [Published Saigon Economic Times - Oct 27 2014]
OceanBank committed to ensuring liquidity after... [Published Tuoitrenews.vn - Oct 27 2014]
Forex market to fluctuate until the end of the ... [Published VietnamPlus - Oct 26 2014]
AFP - Vietnam-banking-arrest [Published Namibia Press Agency - Oct 26 2014]
Vietnam arrests top banker in fraud.. [Published The Nation - Thailand - Oct 26 2014]
World News Quick Take [Published Taipei Times Online - Oct 25 2014]
Two-thirds of online transaction services in Vi... [Published Tuoitrenews.vn - Oct 25 2014]
Slow SOE reform dents growth [Published Saigon Economic Times - Oct 24 2014]
Vietnam banking tycoon detained on suspicion of... [Published Tuoitrenews.vn - Oct 24 2014]
Vietnamese tycoon held on suspicion of fraud: s... [Published Reuters - Oct 24 2014]
Standard Chartered's long-term commitment to Vi... [Published Saigon Economic Times - Oct 23 2014]
Nearly VND2 trillion for agricultural developme... [Published Dang Cong San - Oct 23 2014]
Moody”s sees improved outlook at six banks [Published Business Times Vietnam - Oct 22 2014]
Market rebounds but liquidity slumps [Published Saigon Economic Times - Oct 21 2014]
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Grand Central: Fed Critics Have Been Wrong Abou... [Published WSJ.com: Real Time Economics - Oct 29 2014]
Sign up for the newsletter: http://on.wsj.com/grandcentralsignup. Highlights Hilsenrath’s Take: Critics Have Been Wrong About QE’s Most Ill Effects Fed Set to End QE3, but Not the QE Tool The Fed’s October Meeting – At A Glance Bank of England’s ...
Draft law requires banks to offer consumer cred... [Published Vietnam Business News - Oct 10 2014]
Commercial banks will be forced to stop providing consumer loans if they don’t have finance companies of their own, under a draft document being compiled by the State Bank of Vietnam. The draft has attracted special attention from bankers as most of ...
Young entrepreneurs urge State Bank to loosen m... [Published Vietnam Business News - Oct 06 2014]
Young entrepreneurs have asked the State Bank of Viet Nam (SBV) to consider loosening monetary policy to inject more capital into the market and stimulate economic growth. Workers select dragonfruits for export at Hoang Hau Dragon Fruit Farm Co,Ltd in ...
SBV governor puts bad debt at VND500 trillion [Published Vietnam Business News - Oct 04 2014]
Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh, speaking at a question-and-answer session of the National Assembly (NA) Standing Committee in Hanoi on September 29, put bad debt in the banking system at VND500 trillion. Binh made no mention ...
State banks told to buy back state-owned instit... [Published Vietnam Business News - Oct 02 2014]
The Prime Minister’s Decision No 51 issued on September 15 requires the State Bank of Vietnam (SBV), or state-owned commercial banks appointed by SBV, to buy back capital contributed by state-owned institutions to credit institutions, if the capital ...
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