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Many Banks Cut Jobs in Q1
Many commercial banks have cut jobs in the first quarter of this year as the banking continued restructuring amid difficult economic conditions, the local newswire Cafef.vn reported. |
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| 18,000 Gold Taels Unsold in May 17 Auction |
| The State Bank of Vietnam (SBV) managed to sell only 8,000 taels of gold bars out of 26,000 taels offered in an auction held on May 17 at start bid price of VND40.83 million per tael, local media reported. |
| 15:06 | 17/05 |
| Banks Hike Exchange Rate Again |
| HCMC – Local banks increased the dong-U.S. dollar exchange rate to over VND21,000 on Thursday afternoon, with Techcombank quoting the rate at the upper limit of VND21,036 per dollar. |
| 14:17 | 17/05 |
| Vietnam Needs Special System to Handle Bad Debts & Bankruptcy |
| There should be a special system to deal with bad loans and bankruptcy of banks, said Danie Zuberbuehler, senior financial adviser at a talk show organized by the National Finance Supervision Committee (NFSC) yesterday. |
| 11:56 | 17/05 |
| Gold Demand in Vietnam Declines by 17% in Jan-Mar: WGC |
| Gold demand in Vietnam fell 17% to 18.6 tons in the first quarter of 2013, World Gold Council (WGC) said yesterday. |
| 10:46 | 17/05 |
| Interbank Trading Dong -46%, Dollar -39% in Week Ending May 10 |
| The total interbank trading value of the dong declined by a half to VND59.436 trillion in the week ending May 10 from VND110.814 trillion two weeks earlier while that of the dollar fell 39% to VND47.008 trillion from VND76.619 trillion. |
| 09:41 | 17/05 |
| Vietnam Central Bank Net Injects VND894Bln via OMO on May 16 |
| The State Bank of Vietnam (SBV) net injected VND894 billion through open market operations (OMO) on May 16 after it pumped VND1,000 billion and withdrew VND106 billion. |
| 09:13 | 17/05 |
| Dollar Near 10-Month High as Fed Dove Foreshadows QE Wind-Down |
| The U.S. dollar held firm near a 10-month high against a basket of major currencies on Friday after a regional Fed chief, long seen as a policy dove, said the Fed could begin easing up on stimulus this summer and end it late this year. |
| 09:08 | 17/05 |
| Vietnam to Force Banks to Sell Bad Debt to Asset Company |
| Vietnam will force banks to sell bad debt to a soon-to-be established asset management company, according to State Bank of Vietnam Chief Inspector Nguyen Huu Nghia, as the government steps up efforts to revive the economy. |
| 08:33 | 17/05 |
| Vietnam Central Bank May Take Compulsory Intervention Measure on One Remaining Weak Bank |
| The State Bank of Vietnam (SBV) may take compulsory intervention measure on one remaining ailing lender, the local newswire Cafef.vn reported. |
| 16:59 | 16/05 |
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Other News  |
 Vietnam Central Bank Has Set Up Standing Committee for VAMC |
| HCMC Banks Disburse VND70Tln Preferential Loans to Businesses |
| Dollar Weakens After Soft Factory Data, Retreats From 4-1/2 Year High Vs Yen |
| Vietnam Central Bank Sells 18,500 Gold Taels on May 16; Prices Down |
| May 16: Vietnam Central Bank Sets Dollar Unchanged At VND20,828; Bank Rates Stable |
| Banks Catch up with New Technologies, Services |
| Banks’ Striking Mobilisation Move |
| Vietnam Central Bank to Inspect 18 Local Banks in 2013 |
| Techcombank Earns VND298Bln Net Profit in Q1/2013 |
| Vietnam Total Lending Grows 2.11% by End-Apr 2013, C.Bank Says |
