commercial banks

Update news commercial banks

Vietnam cautious about lifting foreign-ownership ceiling for banks

VietNamNet Bridge - The government’s lifting of the foreign ownership ceiling in Vietnamese commercial banks has been a hot topic on all securities trading floors in recent days.

Decree allowing higher foreign stakes in Vietnam’s firms approved

The Prime Minister has ratified Decree 60/2015 to replace Decree 58, which included a long-awaited regulation on removing limits on foreign ownership in listed companies.

Will unlisted banks be forced to merge with others?

VietNamNet Bridge - Commercial banks which have not listed their shares on the bourse by the end of 2016 may be forced to undergo restructuring or merge with other institutions.

Tycoons secretly gather resources to buy banks

VietNamNet Bridge - The competition for shares of banks in the top 10 is getting stiffer: new buyers all are big tycoons with powerful financial capability.

MOF fears state budget lacks money as banks don’t buy bonds

The Ministry of Finance (MOF) has warned that the state budget will lack VND32 trillion this year because of the cap the State Bank of Vietnam (SBV) has set on the amount of government bonds commercial banks can buy.

Foreign banks begin third wave of investment in Vietnam

VietNamNet Bridge - Foreign banks, especially those from Asia, have been strengthening their investment in Vietnam in recent years.

Commercial banks told to pay dividends of no more than 9%

VietNamNet Bridge - The State Bank of Vietnam (SBV) has said that dividends each commercial bank can pay to their shareholders must not be higher than 9 percent.


Government says it will not act as guarantor for financial institutions

The Ministry of Finance (MOF), which is drafting a decree on public debt management, plans to remove the policy on giving government guarantees for loans from financial institutions.

New hope for Vietnam's economy in 2015

 VietNamNet Bridge – Breakthrough decisions are needed to bring optimism and prosperity to the economy in 2015, economic expert Le Trong Nhi told Nong Thon Ngay Nay (Countryside Today) newspaper.

Competition around state capital divestment of Vinamotor

 VietNamNet Bridge – A lot of firms are interested in acquiring a stake in Vietnam Motors Industry Corporation (Vinamotor), Vietnam’s biggest bus manufacturer,  as soon as the government issues its permission

Commercial banks run one-man show in Vietnam

VietNamNet Bridge – Commercial banks have too many functions in Vietnam, from providing loans to businesses to funding long-term infrastructure projects, from lending to fund securities investments to trading government bonds.

Banks report strong liquidity ahead of Tet

Commercial banks said that 2015's Tet (Lunar New Year) festival has been the most easy so far, in terms of liquidity, and even though it is around the corner, according to Dau Tu Chung Khoan

Banks taking over financial firms shapes a growing trend

 VietNamNet Bridge – Marriages between banks and financial firms are forecast to be vibrant this year, but industry experts assume such deals could bring banks both advantages and disadvantages.

Foreign capital flows to stock market may slow on dollar appreciation

VietNamNet Bridge – Foreign investors’ excess of sales over purchases in the stock market have been attributed to the appreciation of the US dollar.

At least six bank M&A deals to be made in 2015

VietNamNet Bridge – Analysts believe that 2015 will be the “year of bank merger & acquisitions”, especially for banks in danger of a “merge or die” situation.

Banks change CEOs while crossing the stream

 VietNamNet Bridge – Commercial banks have seen significant changes in leadership regularly over the last two years.

SBV sets new rules to prevent big companies from dominating stock market

 VietNamNet Bridge – The stock market has been stirred up with the news that credit institutions’ loans to investors to fund their stock investment must not be higher than 5 percent of the institutions’ chartered capital.

Economic restructuring remains difficult

 VietNamNet Bridge – The bi-annual Autumn Economic Forum 2014 held in the northern province of Ninh Binh last Saturday was seeking fresh ways to speed up Viet Nam's economic restructuring process.

Plan to restructure 11 commercial banks approved

 The State Bank of Viet Nam (SBV) Governor has approved a plan for restructuring of 11 of the 14 joint stock commercial banks in HCM City.

Commercial banks stand firm amid East Sea tension

 VietNamNet Bridge – The Vietnamese monetary market and bank operations have been stable over the last two months, since the day China illegally deployed its oil rig in the Vietnamese territorial waters.