Vietnam has highest gold demand in Southeast Asia

VietNamPlus | 18/02/2022 4:17:24 PM

Vietnam has the highest demand for gold in Southeast Asia, Andrew Naylor, Regional CEO, Asia-Pacific (excluding China) and Public Policy of the World Gold Council, said during a recent virtual workshop on the Vietnamese gold market.

Experts suggest banks not be involved in economic recovery packages to avoid bad debts

Vietnam News | 17/02/2022 4:21:24 PM

Though enterprises and individuals need the Government’s large economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.

Remittances to HCM City total 6.6 billion USD last year

VietNamPlus | 28/01/2022 4:46:39 PM

Remittances to Ho Chi Minh City reached around 6.6 billion USD in 2021, up 9 percent from the previous year, according to Nguyen Hoang Minh, head of the Vietnam Banks Association’s Office in HCM City.

Central bank to keep watch on bancassurance activities

Vietnam News | 26/01/2022 3:11:36 PM

Bancassurance activities will have to strictly comply with the provisions of the Law on Insurance Business, according to the State Bank of Vietnam (SBV).

Bonds circulating within banks

Saigondautu | 21/01/2022 2:20:01 PM

When several banks announced the issuance of thousands of billion dong to mobilize medium and long-term capital at high interest rates, a rush for buying bonds followed, which turned into a frenzy towards the end of 2021.

Concerns on current bad debt situation

Saigondautu | 13/01/2022 1:56:51 PM

The current bad debt ratio is a big concern for the State Bank of Vietnam, which continues to tighten credit flow into risk areas.