The government will facilitate the restructuring of banks but not fully subsidize the costs involved in the process, State Bank of Vietnam governor Nguyen Van Binh has said.

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Banks must cover restructuring costs: central bank

The Governor of the State Bank of Vietnam Nguyen Van Binh said Vietnam will focus on restructuring banks, aiming to improve their corporate governance and financial situation.

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More bank mergers in the offing

The State Bank of Vietnam has allowed more than 10 companies to import a total 2.1 tons of gold for jewelry production, local media reported Friday.

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Vietnam allows gold imports of 2.1 tons

The State Bank of Vietnam has licensed the Saigon Joint Stock Commercial Bank, which is formed by the merger of three local banks, to open on January 1.

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Vietnam licenses newly merged bank

The State Bank of Vietnam said it will stop applying one credit growth target for all banks next year, allowing stronger lenders to offer more loans than others.

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Vietnam to apply different credit limits on banks in 2012

The State Bank of Vietnam has introduced new regulations to restrict the establishment of new banks, including one that doubles the minimum asset requirement to VND100 trillion (US$4.75 billion).

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Vietnam has stricter rules for new banks

The State Bank of Vietnam says it will take over SJC, the country’s largest gold trader and producer, and make SJC its official gold brand.

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Vietnam central bank to take charge of gold production

The State Bank of Vietnam has loosened its grip on real estate loans, a long-awaited move that some industry insiders say may help revive the stagnant market.

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Real estate credit squeeze eased in Vietnam

The State Bank of Vietnam has rejected claims that non-bank financial institutions in the country will be eliminated, saying state-owned companies have only been asked to cut back their investment in the sector.

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Vietnam central bank rejects reports on financial companies

The State Bank of Vietnam has ordered all commercial lenders in the country to report on their real estate loans as concerns rise about growing bad debt levels at many banks.

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Vietnam banks ordered to report on real estate loans