Viet Nam News reporters Bich Huong and Nguyen Ngoc get opinions on a draft circular of the State Bank of Viet Nam (SBV) about lending to low-income house renter

 VietNamNet Bridge – Credit institutions are no longer allowed to give loans to customers who want to purchase gold in any form, including primary gold, bullion and jewellery,

While Vietnamese businesses have been flocking abroad to seek their investment opportunities, experts fear that the businesses are gambling with their investments.

The fact that the State Bank trades non-SJC bullion gold as per the newly issued Circular No. 06 has helped commercial banks make fat profits.

International experts have warned that the bad debts, worth hundreds of trillions of dong would still be the big challenge for the Vietnam’s national economy for at least several years.

VietNamNet Bridge – The State Bank of Viet Nam is likely to continue assigning different credit growth limits to local credit institutions this year, 

 VietNamNet Bridge – The State Bank of Vietnam (SBV) has asked Bui Quang Tien, head of the Payment Department, to explain his comments concerning ATM customers.

SBV: It’s not time to import gold; Vietnam’s 36 mil. motorbikes by 2020; VNA uses large aircraft for Myanmar; When Air Mekong resumes services unknown; Dong Nai leads in FDI attraction

Whether the domestic gold price decreases to come closer to the world price depends on the amount of gold the State Bank would put into circulation and the people’s confidence on the bank’s policies.

VietNamNet Bridge – PM Nguyen Tan Dung on March 4, officially allowed the State Bank of Viet Nam to trade gold bars in efforts to stabilise the local gold market and to stock gold bullion for the State foreign exchange reserve.

VietNamNet Bridge – The changes in the criteria and the method for bad debt classification will surely make the bad debt ratio increase sharply.

The police have set up a committee to investigate the origin of the fabricated information, speculation about that the President of the Bank for Investment and Development of Vietnam was arrested.

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).

Observes have commented that the unsettled big problems would put a heavy burden on the Governor of the State Bank--Nguyen Van Binh on the next year of his term.

VietNamNet Bridge – The stabilizing of the dong/dollar exchange rate over the last two years has made the local currency depreciate by 20 percent, which has hindered exports.

Central bank seen intervening in gold trading; Banks braced for Tet blitz on ATMs; Holiday sparks scramble for beer; Firms embark on search wars; Domestic banks see rising assets; Hanoi to probe diverted tax collections

 VietNamNet Bridge – The State Bank of Vietnam (SBV) sometimes said it would make local gold prices closer to the world’s prices, sometimes said it would not, and lately has announced it will join the gold market to bridge the price gap.

VietNamNet Bridge – A big amount of foreign currencies has been sold by people recently since they, after weighing pros and cons, decided that it would be better to keep dong than dollars.

SBV says will resort to compulsory reserve ratio; Positive signals for farm produce exports; Cai Mep-Thi Vai international ports inaugurated; January's industrial production index falls; Japan leads Vietnam’s January FDI investors

People have complained that they have nowhere to deposit gold. Banks have said they are meeting a trouble that they still cannot collect debts because the loans have yet come matured, while they have to stop mobilizing gold deposits by June 30, 2013.