Business Network International teams up with Maritime Bank

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Báo điện tử CP English 1 day(s) ago

Business Network International teams up with Maritime Bank

VGP – The Business Network International in Viet Nam (BNI) and the Maritime Commercial Join Stock Bank (Maritime Bank) signed a strategic partnership agreement on June 27 to bring comprehensive financial measures for the BNI and its nearly 2,000 members.

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Dollar strengthens as central bank lifts rate

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Báo Đầu Tư English 2 day(s) ago

Dollar strengthens as central bank lifts rate

The US dollar strengthened at domestic commercial banks on Monday, following an increase in the reference exchange rate that the State Bank of Viet Nam adjusted for the day.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 2 day(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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Overseas remittances contribute to production, trading in HCMC

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SaiGon GP English 2 day(s) ago

Overseas remittances contribute to production, trading in HCMC

Overseas remittances to Ho Chi Minh City were estimated to reach US$2.1 billion in the first half this year, up 3 percent over the same period last year, said deputy director of the State Bank of Vietnam in HCMC Nguyen Hoang Minh .

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Dong insulated from Brexit fallout

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Báo Đầu Tư English 3 day(s) ago 1 duplicate news 1 related news

Dong insulated from Brexit fallout

Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.

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Vietnam stocks plunge following Brexit vote results

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Báo Đầu Tư English 5 day(s) ago

Vietnam stocks plunge following Brexit vote results

Vietnamese shares slumped sharply in the early session as investor confidence dived after latest voting results in Britain suggested the country may terminate its membership of the European Union (EU).

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VAMC special bond terms to be extended

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Báo Đầu Tư English 6 day(s) ago

VAMC special bond terms to be extended

Terms for special bonds issued by the Viet Nam Asset Management Company (VAMC) to buy non-performing loans (NPLs) from credit institutions will be extended to ten years in some cases, according to a State Bank of Viet Nam newly-issued regulation.

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Vietnam's central bank to acquire 52 percent stake in PVcomBank

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Báo Thanh Niên English 7 day(s) ago

The State Bank of Vietnam has approved a plan to acquire a stake of 52 percent in state-controlled PVcombank as part of the ongoing restructuring process at the medium-sized lender, local media reported on Wednesday.

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ANZ awarded Innovator in Transaction Services for Greater Mekong region

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Báo Đầu Tư English 7 day(s) ago

ANZ awarded Innovator in Transaction Services for Greater Mekong region

ANZ has been singled out for its product innovation in the “The Innovators” special June edition of Global Finance magazine.

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SeABank wins Best SME Services Bank VN 2015

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Báo điện tử CP English 1 week(s) ago

SeABank wins Best SME Services Bank VN 2015

VGP – The United Kingdom’s Capital Finance International (CFI.Co) has presented the ‘Best small and medium-sized enterprise (SME) Services Bank Viet Nam 2015’ award to the Southeast Asia Joint Stock Commercial Bank (SeABank).

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Banks offer credit for those with steady jobs

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VietStock FI English 1 week(s) ago

Banks offer credit for those with steady jobs

The number of banks offering advance salary loans has grown since Acleda Bank first introduced the concept in Cambodia in late 2013, though some financial institutions remain wary of offering the unsecured lines of credit.

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S.Korea's Woori Bank to form Vietnam unit by July

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Báo Thanh Niên English 1 week(s) ago

S.Korea's Woori Bank to form Vietnam unit by July

South Korea's Woori Bank expects to establish a Vietnam unit this month or in July, a bank official said on Tuesday, as part of the lender's plans to expand its network in the expanding market of Southeast Asia.

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Banks try to cut loan rates but seek Gov't help

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Báo Đầu Tư English 1 week(s) ago

Banks try to cut loan rates but seek Gov't help

Over a month after the State Bank of Viet Nam called on banks to cut interest rates on loans, particularly to businesses, some banks - including joint stock lenders - have reduced their rates by 0.5-1 per cent.

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World Bank arm approves $15 mln loan for Vietnam fodder producer

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Báo Thanh Niên English 1 week(s) ago

The International Finance Corporation, a member of the World Bank Group, has approved a loan worth VND340 billion (US$15 million) to Vietnamese animal feed producer Anova.

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Vietnam stocks suffer after oil price drop

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Báo Đầu Tư English 1 week(s) ago

Vietnam stocks suffer after oil price drop

Vietnamese shares finished lower yesterday, erasing gains in the earlier session, as energy firms extended losses following another drop in crude prices.

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