Vietnamese banks expect deposits in the dong currency to grow, but expect a decline in foreign currency deposits
He was accused of offering zero-interest loans to an ineligible firm
Vietnam Construction Bank's execs have been accused of breaking multiple rules to pocket huge amounts of money
But borrowing costs in Vietnam remain way higher than in other Southeast Asian countries
The central bank has to be bold because the lending pace "is constraining our economy"
Interest rates are expected to rise by 1-2 percentage points this year
Inflation might be low but the central bank has ruled out any rate cuts, citing various reasons
The branch in southern Vietnam has been accused of offering a massive loan with no interest to an ineligible company
Pham Cong Danh and his bank staff had drawn up false lending papers to withdraw funds from the bank
Banks raising capital to ‘tackle higher loan impairments’: Yap
The bank might take interim measures to help the economy, such as more encouragement for bank lending.
Despite their concerns, leaders will have to balance the desire to directly confront China about thorny strategic issues with other goals...
Economic data shows that firms are depositing money at banks rather than investing for the future
"I can't possibly recommend these new ones to my customers when I'm sure they will lose money," a...
A prospective issue from a major Vietnamese bank is likely to attract widespread investor interest