World Bank Group’s IFC invests in Vietnam’s TPBank

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Báo Thanh Niên English 1 day(s) ago

World Bank Group’s IFC invests in Vietnam’s TPBank

IFC, a member of the World Bank Group, has announced a quasi equity investment in Tien Phong Commercial Joint Stock Bank (TPBank) which aims to expand its loan services to Vietnamese businesses.

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SHB parts company with SHS

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Báo Dân Trí English 23 hour(s) ago

SHB parts company with SHS

Saigon - Hanoi Bank (SHB) is no longer a shareholder of the Saigon - Hanoi Securities JSC (SHS), after selling its 4.8 per cent stake.

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Vietnam Index drops on sliding oil prices

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Báo Đầu Tư English 2 day(s) ago

Vietnam Index drops on sliding oil prices

Vietnamese shares were volatile yesterday while energy stocks extended losses on lower crude prices.

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VP Bank deny responsibility after staff steal 1.2m USD

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Báo Dân Trí English 2 day(s) ago

VP Bank deny responsibility after staff steal 1.2m USD

A businesswoman has attacked the Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) after an employee stole VND26bn (USD1.2m) from her account and the bank made no attempt to help her.

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MPI proposes Agribank equitization by 2020

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Báo Dân Trí English 3 day(s) ago

MPI proposes Agribank equitization by 2020

The Ministry of Planning and Investment (MPI) has proposed that Agribank be equitized by 2020 as part of restructuring the financial market and completing the legal framework for the monetary and banking system.

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US to provide $125M for Acleda financing

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VietStock FI English 3 day(s) ago

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium- enterprises (SMEs), Acleda Bank said in a press release yesterday.

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Shares struggle to rise for 2nd day

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Báo Đầu Tư English 3 day(s) ago

Shares struggle to rise for 2nd day

Vietnamese shares struggled to stay positive yesterday while foreign investors’ confidence remained low prior to the US central bank’s meeting.

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All calm before the next M&A storm

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Báo Đầu Tư English 5 day(s) ago

All calm before the next M&A storm

The banking and finance sector has seen a multitude of deals taking place in various circumstances over the past years, covering all ends of the spectrum: voluntary and mandatory merger and acquisition (M&A) transactions, large and small-scale alike. However, the M&A market seems to have stalled at the outset of 2016, bringing a spell of heavy silence over the previous crescendo of forward march.

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Prudential Finance receives Excellent Performance Award from Vietnam cbank

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Báo Tuổi Trẻ English 6 day(s) ago

Prudential Finance receives Excellent Performance Award from Vietnam cbank

Prudential Vietnam Finance Company (Prudential Finance) has received the “Excellent Performance” 2015 Award presented by the State Bank of Vietnam (SBV) for the second straight year.

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SBV warns of online fraud

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Báo Đầu Tư English 1 week(s) ago

SBV warns of online fraud

The State Bank of Viet Nam has warned people using online banking services to be vigilant since many frauds have occurred recently.

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Phuoc Son Gold resumes operation

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Báo Đầu Tư English 1 week(s) ago

Phuoc Son Gold resumes operation

On August 17, Phuoc Son Gold Company Ltd. (Phuoc Son Gold), managed by Canadian Besra Inc.’s Vietnamese subsidiary, has restarted the operation of its Dak Sa gold mine, thanks to Viet A Bank taking hold of 35 per cent of the company’s shares as debt payment.

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Woori ruled out of Prasac bid

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VietStock FI English 1 week(s) ago

Woori ruled out of Prasac bid

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said.

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VN-Index falls due to blue chips

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Báo Đầu Tư English 1 week(s) ago

VN-Index falls due to blue chips

The benchmark VN-Index retreated to touch 658.7 points, down 0.3 per cent from Wednesday's close, after exceeding 665 points this morning. Blue chips dragged down the market.

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SBV to submit restructuring project to PM

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Báo Đầu Tư English 1 week(s) ago

SBV to submit restructuring project to PM

The State Bank of Viet Nam (SBV) expects to submit to Prime Minister Nguyen Xuan Phuc a project to restructure credit institutions between 2016 and 2020 in Q3 of 2016.

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New guidelines on indirect offshore investment

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Báo Đầu Tư English 1 week(s) ago

New guidelines on indirect offshore investment

The State Bank of Viet Nam on June 29 issued Circular 10/2016/TT-NHNN guiding some contents of Decree 135/2015/ND-CP, dated December 31, 2015 of the Government regulating indirect offshore investment (Circular 10).

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