Small banks undergo restructuring through M&A

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VietnamPlus English 4 hour(s) ago 2 related news

Small banks merging into bigger banks is becoming a growing trend in Vietnam.The State Bank of Vietnam (SBV) said it wants to reduce the number of commercial banks by half after three years, according to an article published on the English language news website VietNamNet Bridge on April 16.

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Key ODA transport projects to receive reciprocal capital

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VietnamPlus English 9 hour(s) ago

Seven urgent transport projects funded by official development assistance will receive capital injections totalling 2-2.5 trillion VND (95-119 million USD) in 2014’s first round of advancing reciprocal capital for projects, probably soon after April 30, the Vietnam Investment Review (VIR) reported on April 15.

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BIDV-funded social facilities built on Ly Son Island

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VietnamPlus English 9 hour(s) ago

The Bank for Investment and Development of Vietnam (BIDV)’s branch in central Quang Ngai province handed several new social facilities to Ly Son island district on April 15, aiming to reduce difficulties facing local people.

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Switzerland continues to aid Vietnam’s business reforms

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VietnamPlus English 10 hour(s) ago 1 related news

Switzerland on April 15 announced its continued support for a partnership between the Vietnamese Ministry of Planning and Investment and the United Nations Industrial Development Organisation (UNIDO) for reforming the country's business environment, saying it will provide 4.75 million USD.

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Bank restructuring path trends towards the merger

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VietnamNet English 10 hour(s) ago 2 related news

Bank restructuring path trends towards the merger

VietNamNet Bridge – Small banks merging into bigger banks is becoming a growing trend in Vietnam. This is what the State Bank wants to see to implement its plan to halve the number of commercial banks after three years.

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Domestic ships transport more cargo

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SaigonTimes English 20 hour(s) ago

Domestic ships transport more cargo

HCMC – The cargo volume transported by domestic ships has increased by 10-12% versus the period before April 1, 2013, when the Ministry of Transport stopped renewing container transport licenses and awarding new certificates to the ships which are not Vietnamese-flagged.

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VN-Index drops below 600 points

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SaigonTimes English 20 hour(s) ago

VN-Index drops below 600 points

HCMC - The local market broke below the 600-point level in the third straight falling session on April 14, with the VN-Index losing 4.46 points, or 0.74%, against last Friday’s session at 596.11.

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Asian Productivity Organisation convenes in Hanoi

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VietnamPlus English 24 hour(s) ago

Asian Productivity Organisation convenes in Hanoi

The 56th session of the executive committee of the Asian Productivity Organisation (APO) was started in Hanoi on April 15, focusing on the policies of member countries and proposing multilateral and bilateral cooperation programmes.

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Vietnam wins rice export contract to Philippines

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VietnamPlus English 24 hour(s) ago 2 duplicate news 1 related news

Vietnam has won a contract to sell 800,000 tonnes of rice to the Philippines , the Vietnam Food Association said on April 15.

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Japanese investors to seek opportunities in Mekong Delta

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VietnamPlus English 1 day(s) ago

Japanese investors to seek opportunities in Mekong Delta

Executives from Japan’s 40 leading enterprises will visit and seek investment opportunities in the field of agro-forestry-fishery farming and processing in the Mekong Delta from April 21-23.

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STG: Appointment of CEO

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VietStock FI English 1 day(s) ago

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Farmers keen to buy shares in Mekong Delta

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SaiGon GP English 1 day(s) ago

Farmers keen to buy shares in Mekong Delta

For the first time, farmers in the Mekong Delta have a chance to own shares of An Giang Plant Protection Joint Stock Company in An Giang Province on April 15.

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Lower blue chips depress shares

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VietnamPlus English 1 day(s) ago 1 related news

Falling blue chips dragged shares down on both stock exchanges on April 14, further dampening investor sentiment.

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FTAs raise hope for increased exports to Europe

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VietnamPlus English 1 day(s) ago

Deputy Head of the European Market Department under the Ministry of Industry and Trade Duong Hoang Minh said that exports to the European market would recover rapidly after three free trade agreements (FTAs) between Vietnam and Europe are concluded this year, the Vietnam Economic News reported on April 14.

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Vietcombank merger news expected

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VietnamPlus English 1 day(s) ago 2 related news

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), one of the nation's biggest banks, is expected to ask its stakeholders at the meeting next week about a merger with a credit institution whose name remains a secret, Ban Viet Securities revealed on April 11.

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