Military Bank honoured for performance

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VietnamPlus English 6 hour(s) ago

The Military Bank Joint Stock Company (MB) was recently honoured as one of the top 50 fastest growing enterprises in Vietnam during 2009-2014.

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Experts propose flexible forex policy

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VOV News English 7 hour(s) ago

Experts propose flexible forex policy

Economic experts have suggested the State Bank of Vietnam (SBV) adopt a flexible foreign exchange policy and adjust it based on supply and demand, instead of forcing the Vietnam dong-US dollar exchange rate to move within 2% a year.

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Vietcombank still hunts for merger

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VietnamPlus English 1 day(s) ago

Vietcombank still hunts for merger

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

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Vietcombank still hunts for merger

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VietnamNet English 2 day(s) ago 2 related news

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

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Vietnam's bad debts rise to 3.49 pct in January: report

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Báo Thanh Niên English 2 day(s) ago

Commercial banks in Vietnam reported bad debts at 3.49 percent of their outstanding loans in January 2015, up from 3.25 percent the previous month, a state-run newspaper quoted a central banker on Saturday as saying.

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Vietcombank still hunts for merger

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

Vietcombank still hunts for merger

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

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Vietcombank sees 2015 profits flat on higher sour loan provisions

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Báo Thanh Niên English 3 day(s) ago

Vietcombank, Vietnam's top lender by market value, said it expects a solid expansion in lending this year but forecast flat profits as it makes more provisions for underperforming loans under new central bank rules.

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BIDV merger in the bag

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Báo Đầu Tư English 3 day(s) ago

The merger between BIDV, the country’s second largest bank in terms of assets, and the unlisted Mekong Housing Bank will be completed this May, with the share conversion fixed at 1:1, BIDV’s leaders confirmed during the bank’s AGM held in Hanoi last week.

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Bank restructuring proceeds smoothly, but bad debts pile up

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VietnamNet English 3 day(s) ago 1 related news

Bank restructuring proceeds smoothly, but bad debts pile up

VietNamNet Bridge - Commercial banks’ provisioning costs have been increasing, even though bank restructuring has been proceeding well.

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BIDV to sell VND8-trillion bad debts to VAMC

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VietnamNet English 4 day(s) ago 1 related news

Bank for Investment and Development of Vietnam (BIDV) plans to sell VND8 trillion (US$371 million) worth of bad debts at book value to Vietnam Asset Management Company (VAMC) this year after disposing of VND6.1 trillion-plus bad debts in 2014.

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Southern Bank to be merged with Sacombank

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VietnamNet English 4 day(s) ago

Southern Bank to be merged with Sacombank

VietNamNet Bridge – The merger of the Southern Bank with the Saigon Thuong Tin Commercial JS Bank (Sacombank) was approved Monday at the shareholders’ meeting of Southern Bank.

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Techcombank has foreign CEO

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VietnamNet English 4 day(s) ago

Techcombank has foreign CEO

VietNamNet Bridge - Murat Yuldashev from Kazakhstan has been appointed Chief Executive Officer of Vietnam Technological and Commercial Bank (Techcombank) after two years serving as the managing director.

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Vietnam's largest private lender VietinBank faces criminal investigation

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Báo Thanh Niên English 4 day(s) ago

Vietnam's largest private lender VietinBank faces criminal investigation

Government inspectors have proposed an investigation into violations found at VietinBank, the country's largest partly private bank in terms of assets, after checking its activities from 2009 to 2012.

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Banks see improved business climate in 2015

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Báo Dân Trí English 5 day(s) ago 2 related news

Banks see improved business climate in 2015

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Vietnam (SBV) survey said.

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Spring Economic Forum 2015

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Báo điện tử CP English 5 day(s) ago

Spring Economic Forum 2015

VGP – The Spring Economic Forum 2015, themed “Improving the business environment: Turning words into action”, was held on April 21 in Vinh City, the central province of Nghe An.

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