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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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  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...

Tags: Banking System, Central Bank, The Banking, The Banking System, The Central, The Central Bank, The Restructuring

  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...

Tags: Central Bank, Credit Growth, He Said The, Interest Rates, Small Banks, The Central, The Central Bank

  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...

Tags: Central Bank, Gold Bullion, In Gold Bullion, In The Market, Of Gold Bullion, The Central, The Central Bank, The Market

  Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only...

Tags: Banking System, Central Bank, Rdquo The Company, Rdquo The Company Said, The Banking, The Banking System, The Central, The Central Bank, The Company, The Company Said, The Government, The Market, The Stock Market, Thoi Bao Kinh

  Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking...

Tags: Bad Debt, Bad Debts, Banking System, Central Bank, Non Performing, Non Performing Loans, Performing Loans, Small Banks, The Central, The Central Bank, The Restructuring, The State, The State Bank, The Whole

  The State Bank of Vietnam said it supports banking mergers to enhance the competitiveness of local lenders and secure the national banking system. As the government pursues economic stability and stable growth, the central bank said in a statement on Wednesday it would continue to tighten monetary policy....

Tags: Bad Debt, Banking System, Central Bank, Central Bank Said, The Banking, The Banking System, The Central, The Central Bank, The Central Bank Said

  The central area of Hanoi, which comprises the four downtown districts of Ba Dinh, Dong Da, Hai Ba Trung and Hoan Kiem, has not seen much development over the past few years, a contrast to the fast growth seen at other new urban areas in the capital city. Modernizing central Hanoi while retaining...

Tags: Central Urban, Central Urban Area, Core Urban Area, Green Space, Outside The Center, Thanh Nien, Thanh Nien Weekly, The Center, The Central, The City, The Core, The Hanoi, Tran Ngoc Chinh, Urban Area, Urban Areas

The central bank aims to keep the exchange rate stable The State Bank of Vietnam said it will keep the exchange rate stable, even as the dong has showed signs of weakening due to increasing dollar purchases for import and debt payments. The central bank said last week it aims to keep the rate stable until the end of the...

Tags: Central Bank, Dollar Loans, Exchange Rate, The Central, The Central Bank, The Dong, The Exchange, The Exchange Rate

  Vietnam may undermine efforts to stabilize the country’s economy and currency if it prematurely eases monetary policy, the International Monetary Fund said, as the nation fights the fastest inflation in Asia. “The risk is that all the hard work they’ve done this year in trying to re-establish...

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