Commercial banks will be allowed to use government-issued dollar-denominated bonds as collateral when borrowing from the central bank. The State Bank of Vietnam decided to allow lenders to use the debt as a "mortgage asset," according to a statement posted on the website of the Hanoi Securities Trading Centre Friday, where the bond auctions are held. The State Treasury raised US$100 million by selling one-year dollar bonds Friday, in the first of three domestic sales this month.
Sacombank Securities Co., Ltd (Sacombank-SBS) and Sacombank Jewelry Co., Ltd (Sacombank-SBJ) co-operated to open gold trading floors on 8 Sacombank-SBS office branches all over the country. After operating, besides proving securities trading services, gold trading agent at Sacombank-SBS is also able to provide similar services as Sacombank-SBJ such as: open account, buy/sell order and cancel. Within Sacombank-SBJ’s trading system, gold trading agent at Sacombank-SBS applies continuous automatic matching system in order to maximize customer’s investment outcome
Amidst the current market context, the pressure of lending interest rates is still the major barrier for consumer credit. Credit growth target of banks this year is considered to be fairly hot so banks are promoting their credit activities. In addition to the government-subsidised lending activities, banks place high expectations on personal credit growth when being allowed to apply the negotiated lending interest rate mechanism and input cost has already been cheaper
Banks and financial institutions should follow the principles of risk management and sustainable development when assessing possible loans to green projects, participants at a World Bank symposium agreed in Ha Noi yesterday. But Viet Nam’s commercial banks awareness of the necessity was poor, International Finance Corporation, IFC, Mekong region, advisory service head Nguyen Phuong Quynh Trang told the gathering titled, "Managing risks, Achieving sustainability."