Banking sector lacks skilled execs
(Oct 16, 2014)
Viet Nam's banking industry will be facing a serious shortage of
high-ranking human resources in the next five to 10 years unless it
implements timely training strategies.
Electronic payments for online transactions remained modest compared
with cash-on-delivery payments, according to a recent report of the
Ministry of Industry and Trade on e-commerce in Viet Nam.
was tasked on Monday to manage the use of funds for the Metro Line No. 2
SeABank is offering
preferential loans to individuals who buy, build or repair houses
between now and February 28, 2015.
The total amount of bad debts of credit institutions here reached VND60 trillion (US$2.86 billion) at the end of August, representing a year-on-year increase of about VND16 trillion ($761.90 million).
The credit quality of Vietnamese banks has improved, thanks to the
combination of macroeconomic stability and improved governance, Moody's
said on Thursday.
The State Capital Investment Corporation will be buying bank
stakes from State-owned enterprises if two conditions for this to
happen are met.
Deposit and credit growth will likely accelerate in the last quarter of
2014, pushing the growth rate for deposits to 14.4 per cent and that
for credit to 14.5 per cent this year.
A representative of the State Bank of Viet Nam (SBV) affirmed that
virtual gold trading was illegal and warned them of the extremely high
The head office of Vietcombank slashed its annual dong deposit interest rates by 20 to 50 basic points on Monday.
The State Bank of Viet Nam needs to inject privileged capital into the
banking system to help credit institutions cut lending costs without
causing a systematic imbalance in interest rates.