Commercial banks prowling Vietnamese retail business

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Báo Đầu Tư English 1 month(s) ago

Commercial banks in Vietnam are racing to develop their retail banking segment, heating up the competition in the market.

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Markets decline as bank and energy stocks slump

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Báo Đầu Tư English 1 month(s) ago

Both market indices fell on Tuesday morning as large-cap stocks, particularly from the energy sector, lost momentum.

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VIB to acquire Ho Chi Minh City branch of Commonwealth Bank

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam International Bank (VIB) has reached an agreement with the Commonwealth Bank of Australia (CBA) to acquire its Ho Chi Minh City branch, the local commercial lender announced without disclosing the value of the deal on Monday.

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Markets advance further on banks, brokerages

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Báo Đầu Tư English 1 month(s) ago

Shares rose further on both local markets on Monday morning, boosted by banking-finance companies.

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VN stocks up for second straight day

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Báo Đầu Tư English 1 month(s) ago

Vietnamese shares extended gains for a second session in both local markets on Thursday, driven by the financial sector.

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Ocean Bank finds new foreign owner

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Báo Đầu Tư English 2 month(s) ago

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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IPO to look out for: VRG’s mega-land bank

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Báo Đầu Tư English 2 month(s) ago

With a massive land fund, Vietnam Rubber Group (VRG) is a name many investors pay close attention to. However, due to its huge capitalisation, VRG has yet to select a strategic investor, although there are only a few days until its initial public offering (IPO).

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Vietcombank enters Asia’s Top 1000 list

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Báo điện tử CP English 2 month(s) ago

VGP – The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) was the only Vietnamese bank to join the list of Asia’s Top 1000 Brands survey, the region’s most comprehensive research on consumer brand perception, presented by Campaign Asia-Pacific and based on an exclusive survey conducted by Nielsen.

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SBV looks to up foreign reserves

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Báo Đầu Tư English 2 month(s) ago

The State Bank of Viet Nam’s transaction centre this week raised the reference buying rate for the US dollar by VND50 to VND22,725, revealing its intention to expand foreign reserves.

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HCM City remittances worth $2.1 billion in H1

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Báo Đầu Tư English 2 month(s) ago

Remittances to HCM City in the first six months of the year were worth US$2.1 billion, marginally up from the same period last year, according to the State Bank of Viet Nam’s HCM City branch.

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Bank shares drive market down

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Báo Đầu Tư English 2 month(s) ago

Shares declined for the first time in the last three days as banks lost momentum on Wednesday on rising profit-taking pressure after a long rally.

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VN Index slips on profit-taking pressure

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Báo Đầu Tư English 2 month(s) ago 1 related news

The benchmark VN Index inched down 0.1 per cent to 766.4 points on Tuesday morning on rising profit-taking pressure, especially on large-cap stocks.

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Bank stocks rise on coming bad debt resolution

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Báo Đầu Tư English 2 month(s) ago 1 related news

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 2 month(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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City banks create $5b link-up programme

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Báo Đầu Tư English 2 month(s) ago

A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VND124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.

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