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Update news local banks
Local banks may increase their pre-tax profits by 22.5 per cent on-year in 2020, SSI Securities Corporation's research unit has forecast.
Though the State Bank has not prepared new notes for local banks, the online exchange market for much-coveted new notes has become very busy in recent days.
VietNamNet Bridge – Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
VietNamNet Bridge – Large local banks, which are chosen by the State Bank of Viet Nam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards.
VietNamNet Bridge – Lauded as the land of the rising middle class, with surging spending power and plenty of room for retail banking growth, Vietnamese local banks will likely continue to be merge and acquisition targets of foreign investors
VietNamNet Bridge – Despite many barriers, foreign banks have been prospering in Vietnam, dominating many service market segments.
VietNamNet Bridge – It appears that many foreign players are mulling alternatives to joining with local partners to bolster efficiency when it comes to mergers and acquisitions in the banking sector.
VietNamNet Bridge – Of the foreign financial groups expressing their wish to become shareholders of Vietnamese banks, the Japanese have proven to be the best candidates.
VietNamNet Bridge – Strategic foreign investors on March 18 showed disapproval of a scant increase of the foreign ownership limit (FOL) in local banks.
VietNamNet Bridge – Vietnam consumed around 110 tons of gold in 2013, higher than previous years, despite global gold prices falling steadily and less gold sales points in the country, according to a source from the World Gold Council.
VietNamNet Bridge – Believing that foreign invested enterprises (FIEs) are the potential borrowers, Vietnamese banks cannot approach the clients.
VietNamNet Bridge – Vietnam’s prime minister has confirmed that in the near future, the country might hike the foreign investment cap on local banks to a maximum of 49 per cent.
VietNamNet Bridge – The Nam Viet Commercial Joint Stock Bank (Navibank) and Asia Commercial Bank (ACB) have lodged plans to sell non-performing loans to the Viet Nam Asset Management Company (VAMC).
VietNamNet Bridge – Investors should be wary of investing in bank shares as the industry faces potential shake-ups in the near future.
VietNamNet Bridge – After two months of deploying the VND30 trillion housing credit package initiated by the Government, local banks have disbursed and committed to lend a total of nearly VND800 billion only, the State Bank of Vietnam reports.
VietNamNet Bridge – The State Bank of Vietnam has hold 35 gold bidding sessions and sold 865,000 taels of gold to local banks since March as a measures to help them repay their depositors and close their gold accounts
VietNamNet Bridge – Banks reported a continued rise in bad debt in the first five months of this year with potentially irrecoverable debt soaring by 36.5% compared to the end of 2012.
VietNamNet Bridge – The June 30 deadline for local banks to stop gold mobilization and lending is coming to a close but seven banks have still failed to secure enough gold to repay customers,
VietNamNet Bridge – The State Bank of Viet Nam is likely to continue assigning different credit growth limits to local credit institutions this year,