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 State Capital Investment Corp. plans to invest around VND4 trillion (US191.8 million) in some companies and major projects in 2012 after a slow year in 2011.

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Vietnam state investor plans bigger 2012 investments

The government’s stake in budget airline Jetstar Pacific, held via the State Capital Investment Corp., will be transferred to national carrier Vietnam Airlines.

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Vietnam Airlines to become major owner of Jetstar Pacific

State oil and gas group PetroVietnam said it has withdrawn from a skyscaper project in Hanoi as part of its plan to divest from sectors outside its main business scope.

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PetroVietnam quits Hanoi skyscraper project under divestment plan

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

Vietnam’s State Treasury raised VND1.88 trillion ($89.4 million) by selling government bonds in its first auction of the year, the Hanoi Stock Exchange said.

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Vietnam raises $89.4mn via government bonds on Jan 12

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

Vietnam’s State Treasury has raised VND750 billion ($35.68 million) from selling government debt, with yields remaining steady, the Hanoi Stock Exchange said.

Excerpt from:
Vietnam raises $35.7mn in government bonds, yields steady

The labor ministry will inspect salaries at the state-owned power utility Electricity of Vietnam (EVN) and some of its member companies, Tuoi Tre quoted Minister Pham Thi Hai Chuyen as saying Thursday.

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Vietnam power utility’s salaries subject to further inspection

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