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Banks continuously change CEOs, creating vicious circle

 VietNamNet Bridge – Many CEOs have left their offices to hand over power to newcomers. But the newcomers have also left after short, several-month stays. The CEO seats have changed owners regularly.

Banks acquiring finance companies to develop retail banking

 VietNamNet Bridge – Only one commercial bank, SHB, has officially announced its plan to acquire a finance company this year. However, analysts say this is not an unusual phenomenon.

Vietnam's foreign exchange reserves hit record $35 billion

 VietNamNet Bridge - According to the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh, this is the highest level ever. Binh also pledged that interest rates will not exceed 1% from now until year’s end.

Banks' bad debts down to 9%, says commission

VietNamNet Bridge – The National Financial Supervisory Commission has reported that the level of non-performing debt on the books of Vietnam’s banks has sunk to around 9 percent.

Bank M&As encouraged by SBV, discouraged by experts

 VietNamNet Bridge – While the State Bank of Vietnam believes that the merger of small and weak banks into larger and stronger ones will help speed up the bank restructuring process, experts don’t think this is a perfect solution.

Banks change high-class personnel

 VietNamNet Bridge – Mergers and turnovers in top management are the two outstanding trends in the banking sector of Vietnam this year.

Banks’ money flowing to government bonds

 VietNamNet Bridge – As credit gets stuck, banks have had to inject their money into government bonds.

Banks still bear risks even after selling debts to VAMC

 VietNamNet Bridge – International institutions are remaining doubtful about the ability of the Vietnam Asset Management Company (VAMC) to settle bad debts.

Which security technologies are Vietnamese banks using?

 VietNamNet Bridge –Vietnamese banks are using the most advanced security technologies available in the world for their systems, according to experts.

Circular ownership in banking system easing, state bank says

 VietNamNet Bridge – Cross-ownership, long considered a serious threat to the banking system, is on the wane, according to Dao Minh Tu, Deputy Governor of the State Bank of Vietnam. Some economists, however, disagree.

Banks offer property market credit

VietNamNet Bridge – A credit package worth VND120 trillion (US$5.7 billion) would help develop the local property market, said Phan Thanh Mai, general director of the Viet Nam Bank for Construction.  

Big cash holders put money into circulation as interest rates down

Making long term deposits instead of short term, or putting money into other investment channels--is the way the businesses keeping big money in their coffers tries after the ceiling bank interest rate reduced to 6 percent per annum.

Vietnam sparingly gives more “room” to foreign investors

 VietNamNet Bridge – Foreign investors have said the government of Vietnam proves to be very mean about the rises of the foreign ownership ratios in Vietnamese banks.

Only 1% of VND30-trillion package disbursed for HCM City

 VietNamNet Bridge – Banks in HCMC disbursed around VND300 billion out of the VND30-trillion credit package tailored for the real estate sector as of last Thursday.

New regulation feared to put cross-ownership network in a maze

Under the government’s Resolution No. 15, state owned commercial banks can buy the stakes of finance companies and banks to be sold by State owned enterprises (SOEs) during their capital withdrawal process.

Controversy over 'discovery' of Bitcoin creator

Controversy is surrounding claims by Newsweek to have found the creator of the Bitcoin virtual currency.

Banks hand out pink slips as profits fall

 VietNamNet Bridge – Many major banks have announced a fall in profits for both last quarter and last year, leading to payroll cuts to reduce costs.

Co-branded card gets more popular in credit card market

 VietNamNet Bridge – Issuing co-branded cards proves to be a new way for commercial banks to follow in the context of the credit card market in Vietnam getting saturated.

Banks to be forced to list shares to help stop cross-ownership

The State Securities Commission (SSC) and the State Bank of Vietnam (SBV) have urged commercial banks to list their shares on the bourse to make it easier to control the banks’ finance situation.

Banks still bleak about boosting credit in 2014

 VietNamNet Bridge – Bank executives are mulling ways to achieve credit growth this year amid a continuing tough business climate.