Commercial banks in Vietnam have stopped offering new gold loans and lowered interest rates on deposits of the precious metal, following an order from the central bank.

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Vietnam banks stop gold lending: report

Commercial banks are applying additional safety measures to protect their automated teller machines following recent cases of theft in Ho Chi Minh City.

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Vietnam banks increase protection for cash machines

Vietnam Joint-Stock Commercial Bank for Industry & Trade, the country’s second-biggest listed lender by market value, posted a 3 percent increase in net income in the first half of 2010.

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Vietinbank’s net income climbed 3 pct in first half

Two of the nation’s leading lenders, Vietcombank and Asia Commercial Bank, have been downgraded by Fitch Ratings, but both the banks and experts are unfazed.

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Vietnam lenders shrug off Fitch downgrades

The Standard Chartered Bank and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) have signed a memorandum of understanding on cash management services.

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Standard Chartered, Sacombank partner on cash management

Nam Viet Commercial Joint-Stock Bank, the Vietnamese lender known as Navibank, plans to list 100 million shares on the Hanoi Stock Exchange as early as next month, Chairman Nguyen Vinh Tho said.

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Navibank plans to list 100 million shares in Hanoi

The central bank has approved the Global Petro Commercial Joint Stock Bank’s request to raise its registered capital to VND3 trillion from the current VND2 trillion.

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Vietnam’s GPBank to increase registered capital

Commercial banks have lowered interest rates on deposits as requested by the government, but they fear the move may lose them customers.

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Banks fear rate cuts may drive depositors away

Commercial banks in Vietnam should gradually lower their interest rates on dong deposits to 10.5 percent next month and 10 percent by September, the central bank said on Wednesday, citing an industry agreement.

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Vietnam banks to cut deposit rates further: central bank

Commercial banks have raised dollar deposit interest rates to meet companies’ increasing demand for the greenback, but as the trade deficit widens, pressure on supply may push up the exchange rate.

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Vietnam banks raise dollar deposit interest rates