VietNamNet Bridge – Policy makers at central agencies are considering a stimulus package worth nearly VND100 trillion, or nearly US$4.9 billion, to prop up the sagging economy amid economists’ concerns about risks of instability therein.

 The International Monetary Fund (IMF) reported on Monday in its third report on the financial reform carried out in Spain that there were still risks for the Spanish economy and its banking system.

 VietNamNet Bridge – Sheer greed and poor governance, coupled with lax State management, have made the banking system the biggest sinner in the current economic situation, economists said.

 The International Monetary Fund (IMF) said on Thursday that lessons from the first bailout program for Greece have been internalized and the current rescue plan is "on track".

 VietNamNet Bridge – It may take Vietnam a decade to resolve the bad debt issue that is crippling the banking system, says an economic report.

 VietNamNet Bridge – The country's maximum economic growth would be 5.35 per cent this year, according to the Viet Nam Annual Economic Report 2013 that was unveiled in the capital on May 27.

Commercial banks have reported the steady increase in the mobilized capital so far this year. Meanwhile, businesses keep complaining that they lack capital to maintain production and expand business scale.

 VietNamNet Bridge – Early this year, Fitch Ratings affirmed Viet Nam's sovereign rating at B+ with a stable outlook. With Viet Nam determined to restructure the whole economy with a focus on the banking system,

VietNamNet Bridge – The central bank's move last week to cut the dong interest rate cap from 1-month to 12-month terms by 0.5 per cent to 7.5 per cent per annum has caused economists to wonder

Only billionaires can hold the controlling stakes of a commercial bank. Meanwhile, Tram Be and his family members are now the biggest shareholders of two banks – Sacombank and Southern Bank.

Vietnam’s economic outlook is not so bright since fundamental shortcomings have not been remedied and economic restructuring has not yet kicked off, said the Economic Committee of the National Assembly..

The steps taken today in the bank restructuring process would decide the face of the Vietnamese banking system in the next three years.

VietNamNet Bridge – The total assets of the domestic banking system expanded 2.54% in 2012, equivalent to VND 126 trillion (US$6 billion), according to the State Bank of Viet Nam (SBV).

In October this year, the Ministry of Industry and Trade will have to submit a report on the hydropower master plan, naming the projects subject to cancellation, those forced to make adjustments and those allowed to continue.

VietNamNet Bridge – The Vietnamese banking system experienced a stormy year 2012. However, no collapse or disaster occurred.

 VietNamNet Bridge – State Bank governor Nguyen Van Binh said the government and the entire financial and banking system have taken drastic measures to reduce bad debts while assisting businesses in overcoming difficulties.

VietNamNet Bridge – The banking sector, which is always considered the most lucrative business field, has experienced a very bad year 2012.