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The State Bank of Vietnam pumped VND71 trillion into the market in the last two weeks before the Tet festival. The central bank’s supply of money through open market operations in January, which helped improve the liquidity of commercial banks, will not fuel inflation, an official says. A relatively large amount of cash...

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  Vietnam’s central bank on Friday cut the compulsory reserves level for banks with large agriculture lending to one-fifth the regular rate from February through July. The reserve requirement adjustment was likely aimed at curbing soaring food inflation and, while unlikely to have a major impact on the...

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Vietnam's central bank is expected to complete reviewing, classifying and reorganizing all banks by the end of March 2012. The government will facilitate the restructuring of banks but not fully subsidize the costs involved in the process, State Bank of Vietnam governor Nguyen Van Binh has said. “During the process...

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Deposits expanded 9.89 percent in 2011 Deposits in the banking system rose in December after falling for three months in a row while loans continued to expand at a slow pace, the central bank said in a report. Dong deposits increased 0.98 percent and dollar deposits 3.52 percent from November. On a year-on-year basis deposits...

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  Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m....

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  An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts. Economist Nguyen Tri Hieu said there will be a strong M&A wave in the sector as many lenders are looking...

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  Strong small banks should be allowed greater lending growth A local commercial bank’s employee counts money next to piles of dong notes in Hanoi on Monday The application of different credit caps on different banks based on their operational capacity is expected to correct...

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Vietnam will restrict the establishment of new banks next year The State Bank of Vietnam has introduced new regulations to restrict the establishment of new banks, including one that doubles the minimum asset requirement to VND100 trillion (US$4.75 billion). Under the regulations, which will come into effect this February,...

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  File photo dated last year shows a man putting gold into a molding machine at the Sacombank gold bar factory in Ho Chi Minh City . All gold bar producers, except SJC, are expected to completely stop bullion production. Huge...

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A branch of First Commercial Joint-Stock Bank in Hanoi. The bank and two other Vietnamese banks plan to merge to bolster their liquidity. Three Vietnamese banks plan to merge to bolster their liquidity and cut costs as a single entity, the country’s central bank said. First Commercial Joint-Stock Bank, Tin Nghia Commercial...

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