Vietnam

Moody's Investors Service has downgraded Vietnam's credit rating on growing concerns over its weakening banks and its rapidly cooling economy.

The State Bank of Vietnam is now creating regulations on procedures for establishing, changing the names and/or location and ending operation of a banking branch.

The Executive Board of the Asia Commercial Bank has accepted the resignation of its three members, Chairman Tran Xuan Gia for health reason and Vice Chairmen Le Vu Ky and Trinh Kim Quang for personal reasons.

Vietnam's total interbank trading value in dong reached approximately 89.474 trillion dong.

Vietnamese banks are focusing on expanding their mobile banking services as customers are now turning to use mobile services.

ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012.

Sacombank has allocated US$24 million for local importers to support businesses struggling in the industry.

The Government of Vietnam will take drastic actions in dealing with violations in the banking sector.

Reports say Vietnamese banks' NPL ratio reached 60% - how can banks overcome this?

Bangkok Bank has been granted a 99-year extension of its banking service license from Vietnam.

Nguyen Duc Kien's arrest on suspicion of conducting illegal business activities is triggering a dramatic fall in Vietnam's stock markets.

Vietnam's central bank found non-performing loans at some banks as high as 60% of the total outstanding loans.

CIMB Group will expand in Laos through its Thai unit as the two countries share a historical and trade relationship.

Vietnam's central bank has allowed lenders to raise their credit growth targets up to 27 percent from a cap of 17 percent.

The State Bank of Vietnam's master plan to restructure the banking system initiated in April has produced its first merger.

For the past two years, a branch of the Vietnam Development Bank has received no customer capable of meeting its criteria for loans.