Vietnam

Vietnam to allow foreign investors to expand ownership in local banks

Move is meant to entice foreign investors into its troubled banking sector.

BIDV signs cooperation agreement with IIB

Bank for Investment and Development of Vietnam will receive US$65 million credit.

Vietnam bank profits shrink in 2012 due to loan loss provisions.

Many Vietnamese banks failed to achieve their profit targets in 2012 due to bad loans.

Vietnamese oppose plan to pay using bank cheques

Government wants payment via banks to create a non-cash economy.

Vietnam will not meet 2015 deadline for Basel II

Banking sector’s huge non-performing loans and inadequate credit risk framework are major stumbling blocks.

Vietnam's banks see rising assets

Vietnam's domestic banks are recovering thanks to an increase in assets.

Vietnam's central bank calls for healthier banking system in 2013

Vietnamese banks were firected to implement policies in ensuring healthy operations of the banking system in 2013.

Top Vietnam banks eye merger in 5 years

Vietnam's Eximbank and Sacombank will sign a cooperation agreement to merge in the next 3-5 years.

Vietnamese banks ordered to beef up funds

State Bank of Vietnam sets June 1 deadline to protect against more NPLs.

Vietnam's VietinBank aims to lend $25.4-B in 2013

VietinBank has set a lending growth target of 20 percent this year.

Vietnam’s banks hesitant to charge new ATM fees

Some Vietnamese banks will not charge fees for every ATM transaction.

Foreign stakes to rise in ‘weak' Vietnamese banks

The State Bank of Viet Nam may increase the limit on foreign ownership in ‘weak' banks.

Vietinbank to sell 20% stake to Japanese bank

Vietinbank will selll a 20 percent stake to the Bank of Tokyo Mitsubishi UFJ for US$743 million.

Vietnam's central bank gov blames media for bank problems

State Bank of Vietnam governor Nguyen Van Binh blamed media for 50 percent of the banking sector’s problems.