As banks increase lending to property sector, fear of bubble returns

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Báo Thanh Niên English 25 minute(s) ago

As banks increase lending to property sector, fear of bubble returns

Many banks have stepped up lending to the housing sector amid a revival in the market, bringing uncomfortable reminders of the property bubble that burst not too long ago.

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1.3 billion USD in ODA mobilised for power development

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VietnamPlus English 4 hour(s) ago

1.3 billion USD in ODA mobilised for power development

The National Power Transmission Corporation has mobilised 70.65 trillion VND (3.36 billion USD), including 1.3 billion USD of official development assistance (ODA), in the past five years for its power projects.

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More foreign bankers to set foot in Vietnam

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VietnamNet English 4 hour(s) ago

More foreign bankers to set foot in Vietnam

VietNamNet Bridge - The ASEAN Economic Community (AEC), in which member countries will open up to 70 percent of their banks to foreign investors, is believed to pave the way for more and more bankers to seek business opportunities in Vietnam.

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Vietnam bank BIDV plans foreign stake sales in 2016

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Báo Tuổi Trẻ English 5 hour(s) ago

Vietnam bank BIDV plans foreign stake sales in 2016

Vietnamese lender BIDV, the country's biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the Southeast Asian nation further opens up its economy to outsiders.

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Saigon Port IPO grosses nearly US$19 million

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SaiGon GP English 9 hour(s) ago

Saigon Port IPO grosses nearly US$19 million

Saigon Port Company Limited sold out 35.71 million shares bringing VND411.13 billion (US$18.83 million) in its initial public offering organized at the Ho Chi Minh City Stock Exchange on Tuesday.

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Vietnam's BIDV says registered capital up at $1.44 bln post Mekong merger

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Báo Thanh Niên English 16 hour(s) ago

Vietnam's lender BIDV, the country's top partly private bank by assets, has raised its registered capital by 12 percent to 31.48 trillion dong ($1.44 billion) after merging with a local lender, the bank said in a statement on Wednesday.

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Sacombank, Southern Bank unveil share swap ratio for merger

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VietnamNet English 12 hour(s) ago 1 related news

Sacombank, Southern Bank unveil share swap ratio for merger

The share swap ratio in a merger deal between Saigon Thuong Tin Commercial Bank (Sacombank) and Southern Bank has been announced at 1:0.75, according to a merger scheme released on June 29.

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Techcombank receives best retail, corporate bank in VN

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Báo điện tử CP English 2 day(s) ago

Techcombank receives best retail, corporate bank in VN

VGP - The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) has been named as Best Corporate Bank VietNam 2015 and Best Retail Bank Viet Nam 2015 by Global Banking & Finance Review, for its the best Vietnamese retail and the best Vietnamese corporate bank.

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Hockey says TPP 'not ready' for Australia's signing

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Báo Thanh Niên English 2 day(s) ago

Australian Treasurer Joe Hockey talks about why the nation recently joined the Asian Infrastructure Investment Bank but isn't yet ready to enter the Trans-Pacific Partnership. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business."

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Techcombank named best retail, corporate bank in Vietnam

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VietnamPlus English 1 day(s) ago 1 related news

Techcombank named best retail, corporate bank in Vietnam

The Global Banking and Finance Review, a British magazine, named the Vietnam Technological and Commercial Joint-stock Bank (Techcombank) the best Vietnamese retail and the best Vietnamese corporate bank.

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Techcombank granted two prestigious international awards

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Báo Đầu Tư English 1 day(s) ago 1 related news

Techcombank granted two prestigious international awards

The Vietnam Technological and Commercial Joint Stock Bank, one of leading commercial banks in the country, has just received two prestigious international awards, Best Retail Bank in Vietnam and Best Corporate Bank in Vietnam in 2015, by the Global Banking & Finance Review- a leading financial and banking magazine in the UK.

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Banks raise deposit interest rate, upsetting businesses’ plans

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VietnamNet English 2 day(s) ago

Banks raise deposit interest rate, upsetting businesses’ plans

VietNamNet Bridge - The government’s efforts to slash lending interest rates to make it easier for businesses to access bank loans may have been in vain as banks have begun raising deposit interest rates.

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In Vietnam, customers face more risks in card payment, but banks remain unhelpful

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Báo Tuổi Trẻ English 2 day(s) ago

In Vietnam, customers face more risks in card payment, but banks remain unhelpful

While Vietnamese are encouraged to use their cards more often for payment, banks are apparently staying away from the risks the cardholders face in doing so.

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AIIB is a major achievement for China: Buckley

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Báo Thanh Niên English 3 day(s) ago

CIFR King & Wood Mallesons Chair of International Finance Law Ross Buckley discusses the 57 members of the Asian Infrastructure Investment Bank formally signing the agreement and what it means for Asia. He speaks to Bloomberg’s Yvonne Man on “First Up.”

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China cuts interest rates again to support economy

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Báo Thanh Niên English 4 day(s) ago

China cuts interest rates again to support economy

China's central bank cut its benchmark lending rates by 25 basis points to 4.85 percent on Saturday, the fourth reduction since November, as it gears up to lower borrowing costs and support a slowing economy.

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