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VietNamNet Bridge – The increasing signs of an economic recovery have bolstered investor confidence and laid the foundation for more foreign investors to dip their toes in Vietnam’s stock market in the coming time, experts claim.
VietNamNet Bridge - Increasing demand for loans in Vietnamese dong has caused the lending interest rate to rise, while the stock market has been hurt by US dollar appreciation.
VietNamNet Bridge – Bankers said 2015 will remain a challenging year though some banks have reported higher earnings and there have been more positive signs in the local economy.
VietNamNet Bridge – Analysts have every reason to believe that the fiercest competition among banks is a technological one.
VietNamNet Bridge – Commercial banks have seen significant changes in leadership regularly over the last two years.
Local gold consumption takes nosedive; Metro Cash & Carry ownership change unnerves local suppliers; Banks report high bad debt in first half; Binh Duong offers preferential loans to riot-hit firms
VietNamNet Bridge – Several small Vietnamese banks have posted losses in Q2 after setting aside risk provision funds to control risks and push ahead with restructuring.
VietNamNet Bridge – The regulation that banks cannot sell mortgaged assets below face value is the biggest barrier hindering debt settlement.
VietNamNet Bridge – Analysts predict a new wave of commercial banks taking over finance companies following a new government decree.
VietNamNet Bridge – Although only one merger & acquisition (M&A) deal was announced in the first few months of the year, more are expected in the second half of the year.
A majority of Viet Nam's commercial banks are planning to list on one of the two national indices by 2015, according to HCM City Stock Exchange deputy general director Tran Anh Dao.
VietNamNet Bridge – The national economy remains weak with more and more businesses dissolving and capital flow stagnating because banks cannot find borrowers.
In its report released on July 2, the Vietnam National Finance Supervision Council highlighted the sharp increase in outstanding loans in foreign currency, warning that there is pressure on foreign currency liquidity.
VietNamNet Bridge – Eight banks, on Wednesday, signed agreements to provide services that help link subjects involved in construction and traffic development, local press reported.
Surprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds.
VietNamNet Bridge – With bank lending rates falling sharply in recent months, companies should grab this opportunity to borrow to develop their business, analysts said.
VietNamNet Bridge – Finance companies are flexing their muscles as they prepare to go head-to-head with commercial banks for a share of the profitable consumer-loan market.
VietNamNet Bridge – Vietnamese customers are not loyal to retail banks, as 65–77 per cent of surveyed people were ready to close their banking accounts and change to another bank.
VietNamNet Bridge – Though Vietnamese businesses are experiencing the toughest days in their histories due to the economic downturn, their CEOs still “live well” with surprisingly high incomes.
92.5 percent of riot-hit firms in Binh Duong reopen; Vietnam’s sole oil refinery closed for full maintenance; Banks slash salaries and cut jobs; Mekong Delta agriculture fails to live up to potential