Vietnam bank to provide services in Myanmar

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VOV News English 21 hour(s) ago

Vietnam bank to provide services in Myanmar

(VOV) - The Central Bank of Myanmar (CBM) has authorised 25 foreign banks, including one from Vietnam, to offer a wide range of domestic and cross-border collection and payment services to foreign investors in Myanmar.

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Bad debt settlement still an uphill battle

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VOV News English 2 day(s) ago 1 related news

Bad debt settlement still an uphill battle

(VOV) - The rate of nonperforming loans (NPLs) in Vietnamese commercial banks rose in the first half of the year from 3.61% in late 2013 to 4.84% in late June 2014, and the State Bank of Vietnam (SBV) reports total bad debts stand at VND240,000 billion.

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Escalating bad debts in first half

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VOV News English 2 day(s) ago 1 related news

Escalating bad debts in first half

(VOV) - The rate of nonperforming loans (NPLs) in Vietnamese commercial banks rose in the first half of the year from 3.61% in late 2013 to 4.84% in late June 2014, and the State Bank of Vietnam (SBV) reports total bad debts stand at VND240,000 billion.

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Exchange rate hike pays modest gains

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VietnamPlus English 2 day(s) ago 1 related news

Businesses say the appreciation of the US dollar by the State Bank of Vietnam (SBV) in June has positively affected their businesses, although the benefits remain modest.

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Exchange rate hike pays modest gains

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VietNam News English 2 day(s) ago 1 related news

Exchange rate hike pays modest gains

Businesses say the appreciation of the US dollar by the State Bank of Viet Nam (SBV) in June has positively affected their businesses, although the benefits remain modest.

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Cbank buys greenback to anchor Vietnam dong value as boost for export

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Báo Tuổi Trẻ English 3 day(s) ago 1 duplicate news

Cbank buys greenback to anchor Vietnam dong value as boost for export

The State Bank of Vietnam (SBV) earlier this month bought a huge volume of U.S. dollars in an effort to prevent the greenback from devaluing against the local currency, the Vietnam dong, to promote export.

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Vietnamese banks on track for listings

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VietnamNet English 3 day(s) ago

Vietnamese banks on track for listings

A majority of Viet Nam's commercial banks are planning to list on one of the two national indices by 2015, according to HCM City Stock Exchange deputy general director Tran Anh Dao.

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Businesses die, capital flow stagnates as banks look for borrowers

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VietnamNet English 4 day(s) ago

Businesses die, capital flow stagnates as banks look for borrowers

VietNamNet Bridge – The national economy remains weak with more and more businesses dissolving and capital flow stagnating because banks cannot find borrowers.

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Vietnam’s 2th largest bank divests from Malaysian joint-venture to increase liquidity

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Báo Tuổi Trẻ English 5 day(s) ago

Vietnam’s 2th largest bank divests from Malaysian joint-venture to increase liquidity

The Bank for Investment and Development of Vietnam (BIDV) has sold a 50 percent stake the state-run lender held in its joint venture – VID Public Bank (VPB) – to a Malaysian partner in an effort to increase liquidity for its restructuring process.

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Experts optimistic about credit market

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VietnamPlus English 5 day(s) ago

Experts have shown optimism despite the slow credit growth over the past six months, which had raised concerns over the banking system's ability to reach the year's target of 12-14 percent growth.

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Vietnam’s first bitcoin trading floor launched

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VietnamNet English 5 day(s) ago

Vietnam’s first bitcoin trading floor launched

Despite disapprovals from authorities, Vietnam’s first online bitcoin trading floor called VBTC has made its official debut at www.vbtc.vn, nearly three months behind original schedule.

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Japan loans $338m for thermal plant

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SaiGon GP English 5 day(s) ago

Japan loans $338m for thermal plant

Japanese banks will loan Electricity of Viet Nam (EVN) more than US$338.2 million to build the Vinh Tan 4 thermal power plant in the central province of Binh Thuan.

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Dong appreciates despite devaluation by State Bank

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VietnamNet English 6 day(s) ago 1 related news

Dong appreciates despite devaluation by State Bank

VietNamNet Bridge – The dollar price has been falling for one week, despite the State Bank of Vietnam’s move to devaluate the dong by one percent one month ago.

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BIDV awarded “Best Commercial Bank”

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VOV News English 6 day(s) ago 1 duplicate news

BIDV awarded “Best Commercial Bank”

(VOV) - The Bank for Investment and Development of Vietnam BIDV has been selected – Best Commercial Bank – by the International Banker, a leading British financial and banking industry news organization.

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Commercial banks on track for listings

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VietnamPlus English 6 day(s) ago 1 related news

A majority of Vietnam's commercial banks are planning to list on one of the two national indices by 2015, according to Deputy General Director of the Hochiminh Stock Exchange Tran Anh Dao.

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