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  • Consumer finance market in 2015: Many changes in the pipeline

    Consumer finance market in 2015: Many changes in the pipeline

    4/24/2015 3:50:32 PM

    At the end of 2014, the State Bank of Vietnam (SBV) conducted some consultation to solicit inputs for the draft Circular on the Regulation on consumer finance operations of finance companies, which requires commercial banks to establish their finance companies for this business. In addition, according to the restructure timeline, in 2015, state-owned enterprises must divest from non-core business lines. In addition, Circular 36/2014/TT-NHNN requires credit institutions within 2015 to develop a divestment plan in case the ownership percentage is higher than the regulatory rate.

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  • The April Report: Did domestic demand stir up supply side?

    The April Report: Did domestic demand stir up supply side?

    4/24/2015 10:15:39 AM

    GDP growth in Q1/2015 was much higher compared with the same period last year, trade balance has displayed large deficit, CPI has been on an uptrend, credit expansion has been improving. Yet after zooming in, we found that significantly increased production is mainly contributed by FDI sector with their export activity to satisfy external demands, consumption as well as domestic economy are still in the recovery stage.

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  • 2015: Credit Growth Target Increased

    2015: Credit Growth Target Increased

    3/25/2015 4:26:40 PM

    Early this year, the State Bank of Vietnam (SBV) set the credit growth target of 13%-15% for 2015, which is higher than that of 12-14% for 2014. It is necessary to increase credit growth rate, said Le Xuan Nghia, a member of the National Monetary and Financial Policy Advisory Committee, as it is hard for a stagnant credit market, a consequence of any financial crisis, to turn around.

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  • The March Report: Pressures on the exchange rate still linger

    The March Report: Pressures on the exchange rate still linger

    3/25/2015 4:26:13 PM

    The Dong liquidity in the banking system has improved significantly after Tet holidays. Interbank interest rates have gradually landed to almost normal levels. The interest rate gaps between VND and USD have decreased. Many banks that had sold USD to meet demands of the Dong payments and withdrawals of businesses and individuals during the Tet could buy back these dollars.

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  • A snapshot about bank mergers and acquisitions in Vietnam

    A snapshot about bank mergers and acquisitions in Vietnam

    2/25/2015 4:15:04 PM

    After nearly three years running the project on restructuring credit institution system (2011-2015) and a project on bad debt settlement of credit institutions in Vietnam, the State Bank of Vietnam said that the objectives have been met with encouraging results. In his new-year media meeting, SBV Governor Nguyen Van Binh said that 2015 will continue to see drastic implementation of banking merger and acquisition activities.

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