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VAMC issues VND243 trillion of special bonds

VAMC issues VND243 trillion of special bonds

The Vietnam Asset Management Company (VAMC) issued over VND234 trillion (US$10.4 billion) worth of special bonds as of 2015, according to VAMC General Director Nguyen Huu Thuy.

Creditors expecting strong 2016

Creditors expecting strong 2016

Many credit institutions are optimistic about their business this year thanks to a growing economy and the ability of businesses to take loans.

Monetary market experiencing tough days

Monetary market experiencing tough days

The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

Vietnam, Italy enhance economic cooperation

Vietnam, Italy enhance economic cooperation

HCM City (VNA) - Visiting Italian President Sergio Mattarella emphasised the important roles of businesses, associations and universities in materialising reforms and innovations, and strengthening cooperation between Italy and Vietnam.

Socio-economic situation under NA discussion

(VOV) -On October 22, National Assembly (NA) deputies discussed Vietnam’s 2015 socio-economic situation, its socio-economic development plan for next year, and State budget estimates and allocation plans for 2016.

Hanoi: Credit growth picks up

Hanoi: Credit growth picks up

Credit in Hanoi has surged sharply, roughly doubling the average rate of the entire banking system.

Banking system has optimistic outlook for 2015

Vietnamese credit institutions and foreign bank branches in Vietnam continue to see a bright business outlook for 2015, according to a survey of the State Bank of Vietnam (SBV)’s Monetary Forecasting and Statistics Department.

Insurance firms drag their feet on way to stock listing

Insurance firms drag their feet on way to stock listing

In order to increase transparency and create a healthier business environment within the insurance sector, the Ministry of Finance has proposed that all public non-insurance companies be listed on the stock exchange.

Bad debt ratio to be slashed to 3 percent

Bad debt ratio to be slashed to 3 percent

The Government has proposed to the Party Central Committee and the National Assembly a scheme that will reduce bad debts in the nation's banking system this year to three percent of total lending.

Vietnam, Italy share banking experience

Vietnam, Italy share banking experience

Policies to stabilise the monetary market and finance small- and medium-sized enterprises (SMEs) topped the agenda of discussions between visiting Vietnamese financial and banking officials and representatives from the Association of Banking in Italy (ABI) in Rome on January 9.

Big banks mull mergers in 2015 restructuring

The restructuring of the banking system is expected to experience a new turning point next year as a number of large banks consider plans to merge with other institutions.

Moody's ups Vietnam banking system's rating to stable

Moody's ups Vietnam banking system's rating to stable

Moody's Investors Service raised the outlook on Vietnam's banking system to stable from a negative assessment, noting a stable business climate, improved macro-economic situation and easing liquidity stress.