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Chinese Nationals Use Credit Cards to Steal Money
Police in Hai Phong City have detained four Chinese nationals who counterfeited credit cards and used them to make bank transfers worth US$228,000 and withdrew $187,500 in cash within a 10 day period. |
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| SBV Overhasty in Loosening Monetary Policy? |
| The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to slash interest rates at unreasonable moments. |
| 14:07 | 24/05 |
| BIDV to Disburse VND10Tln Loans for Housing Support |
| BIDV, officially known as Joint Stock Commercial Bank for Investment and Development of Vietnam, said that it registered and spared a package worth VND10 trillion to make home loans, the local newswire Gafin.vn reported. |
| 11:26 | 24/05 |
| Dollar Recovers vs Yen as Nikkei Regains Footing |
| The dollar recovered from two-week lows against the yen on Friday, as Japanese shares rebounded from the previous day's 7.3-percent plunge, which had spurred profit-taking in the lucrative yen-selling trade. |
| 10:41 | 24/05 |
| Total Assets of Vietnam Banks Rise 1.2% in Jan-Mar 2013 |
| Assets of the entire Vietnamese banking industry at the end of March 2013 totaled VND5,146.62 trillion, up by VND136.89 trillion m/million and rising 1.2% from end 2012, according to the State Bank of Vietnam (SBV)’s data. |
| 09:48 | 24/05 |
| Vietnam Central Bank Net Withdraws VND893Bln via OMO on May 23 |
| The State Bank of Vietnam (SBV) net withdrew VND893 billion through open market operations (OMO) on May 23, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. |
| 09:11 | 24/05 |
| Problems Detected at BIDV & MHB |
| The State Audit of Vietnam said in a report that there were many issues detected in the activities of two lenders BIDV and MHB, the local newswire TTVN.vn reported. |
| 16:57 | 23/05 |
| Vietnam Central Bank Sells Out 26,000 Gold Taels in Two Straight Auctions; Prices Down Further |
| The State Bank of Vietnam (SBV) sold out 26,000 taels of gold bars in an auction held on May 23 at the prices lower than in the previous auction, the central bank said in a post on its website. |
| 15:57 | 23/05 |
| Interbank Trading Dong +27%, Dollar -5% in Week Ending May 17 |
| The total interbank trading value of the dong rose 27% to VND75.531 trillion in the week ending May 17 from VND59.436 trillion a week earlier while that of the dollar fell 5% to VND44.457 trillion from VND47.008 trillion. |
| 15:23 | 23/05 |
| Greenback Expensive at Some Banks |
| A number of banks lowered their U.S. dollar prices in the last 48 hours, but others are still quoting the greenback at high levels, hitting the ceiling of VND21,036 for a dollar. |
| 14:28 | 23/05 |
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Other News  |
 Foreign Ownership Cap in Local Banks to Rise |
| Banks Still Hold Power over VND30-tril. Package |
| Trillions of Dong Worth of Capital Left Unused, Wasted |
| Vietnam Asset Management Firm to Buy Bad Debts in Two Ways |
| Vietnam Banks with Bad Debt Ratios of over 3% Unveiled |
| VAMC Only Buys Debts Satisfying Five Conditions |
| Vietnam Central Bank Net Withdraws VND577Bln via OMO on May 22 |
| Vietnam Five-Year Bond Yield Drops to 2007 Low After Debt Sale |
| Vietnam Treasury Raises VND4.5Tln Government Bond on May 21; Yields Down |
| VAMC Can Auction Collaterals of Debts Purchased, Decree Says |
