state-owned banks

Update news state-owned banks

It is estimated that the four largest state-owned banks in Vietnam (Big 4) will have to increase billions of USD to meet the need for capital to maintain the capital adequacy ratio (CAR) at 10%.

VN banks upbeat about charter capital hike in 2020

Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.

Despite Covid-19, VN banks continue to recruit new staff

Commercial banks are seeking more workers even though the economy has been hit hard by the pandemic. Recruitment notices say banks need both officers and medium- and high-ranking managers.

Government backs capital hike plans for four State-owned banks

 The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.

 

Thailand needs 100 billion THB to support rural economy

The Finance Ministry of Thailand will need $3.28 billion to sponsor the sustainable development strategy for the rural economic area with around 30 million low-income households nationwide.

Banks try loan rate cuts but seek Gov't help

 VietNamNet Bridge – Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

Banks originally owned by state show growth in assets

VietNamNet Bridge - A State Bank of Vietnam (SBV) report shows that total assets of joint stock banks have fallen by 0.47 percent, while the total assets of banks that were originally state-owned had increased by 2.49 percent by June 30, 2015.

State changes state-owned banks’ leadership

 VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a  controlling stake.

VN wants to keep at least 65% equity in state-owned banks

Except Vietinbank, other State-owned commercial banks are not allowed to sell more than 35% of the shares. The government has also permitted State-owned corporations to divest from non-core business fields below the face value.

State-owned banks oversleep, big projects go to JS banks

VietNamNet Bridge – While state-owned commercial banks--the big fish, have been taking slow footsteps, joint-stock banks with many disadvantages in comparison to state-owned banks, have made big leaps to scramble for good clients.

Vietnam’s macroeconomic stability continues to improve

 VietNamNet Bridge – GDP growth in Vietnam will rise modestly to 5.5% by 2015, with macroeconomic stability largely restored, according to the World Bank’s latest report.

Cross ownership a big headache in banking: MPI

VietNamNet Bridge – Cross ownerships among banks are still beyond control and complicate the process of tacking bad debts, said the Ministry of Planning and Investment (MPI) in a report sent to the Government’s monthly meeting three days ago.