Central bank Governor Nguyen Van Giau met with bankers in Hanoi and HCMC last week to collect their ideas on how to apply negotiated lending rates to short-term loans before officially launching this policy. At this time, banks can only apply negotiated lending rates for medium and long-term loans while loans of less than 12 months still have the lending rate cap of 12% per year.

Read the rest here:
Central bank likely okays negotiated lending rate soon

Commercial banks are having trouble boosting capital via the stock market as bank shares have become increasingly less attractive to investors. An official at a bank who requested anonymity said the market hardly reacted to the news that his bank would issue shares to raise capital. In previous years such information could boost bank share values sharply.

View original post here:
Bank shares lose appeal; raising capital more difficult

The central bank’s HCMC branch has said total mobilization of credit institutions in the city in March is estimated at VND608 trillion, up 0.77% from early this year, while the figure in late February declined 0.45%. However, considering the mobilization mechanism, there is still little capital in Vietnam dong coming out of the banking system.

Originally posted here:
HCMC banks’ mobilization improves in March

While building plans to increase chartered capital, most commercial banks will issue shares to foreign strategic shareholders. Those with foreign shareholders already, however, want to say ‘goodbye’ to them. Dong A Bank plans to increase its chartered capital from 3400 billion dong to 6000 billion dong a move approved by its shareholders

Read the rest here:
Hellos and farewells to foreign bank partners

Most businesses complain that lending interest rates have been inflated to unaffordable levels. 18 percent

See the rest here:
High lending interest rates strangle businesses

Commercial banks are reducing deposit gold interest rates. Some banks refuse demand deposits

Read the original:
Banks weary of gold

The State Bank has reduced the levels of capital it is injecting into the nation’s commercial banking system this month, as well as the interest rates charged on such funds, in the latest indication that the bank liquidity crisis has passed. The central bank regulates the money supply in part through open market operations (OMO) and has cut the number of OMO trading sessions from two to one per day.

Go here to read the rest:
Bank liquidity crisis passes

MoneyGram International, a leading global money transfer company, is adding more than 250 locations across Vietnam with the help of local lender Sacombank. “Vietnam is a leading recipient of global remittances and a country of significant focus for MoneyGram in 2010,” said John Hempsey, the company’s executive vice president of Europe, the Middle East, Africa and Asia Pacific, in a statement. Hempsey said Vietnam had unique remittance needs and the company aimed to provide money transfer services in all ways

More here:
MoneyGram expands network with Sacombank

Smartlink Card Service Joint Stock Co and BanknetVN recently adopted four new member banks including Southern Commercial Joint Stock Bank (Southern Bank), Tien Phong Commercial Joint Stock Bank (TienPhongBank), Viet A Commercial Joint Stock Bank (VietABank) and Global Petro Commercial Joint Stock Bank (GP.Bank). Thus, the total number of banks belonging to the Smartlink and BanknetVN system reached eight.

View original post here:
Five more banks join Smartlink and BanknetVN card alliance

Many commercial joint stock banks are racing against time to increase their charter capital by the year-end to meet new minimum stipulations set by the central bank.

See the original post:
Banks race to meet new capital rules