WB helps improve urban infrastructure in Lao Cai, Phu Ly

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Báo điện tử CP English 1 week(s) ago

VGP – The World Bank’s Boards of Directors has approved the financial assistance of US$53 million to upgrade infrastructure in the two emerging cities of Lao Cai and Phu Ly in the northern provinces of Lao Cai and Ha Nam.

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Moody's downgrades Sacombank

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Báo Đầu Tư English 1 week(s) ago

Ho Chi Minh City-based Sacombank’s long-term deposit and issuer ratings have been downgraded to Caa1 from B3 by Moody’s Investors Service. Its ratings outlook remains negative.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 1 week(s) ago

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vuong Duy Lam of the National Institute for Vietnam Finance under the Ministry of Finance.

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Hanwha Life Vietnam and Shinhan Bank Vietnam sign bancassurance deal

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Báo Đầu Tư English 1 week(s) ago

Hanwha Life Vietnam today signed a strategic partnership deal with Shinhan Vietnam Bank SM that allows Hanwha Life Vietnam to deliver its insurance products through the bank's channels.

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VN seeks early childhood education

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Báo Đầu Tư English 1 week(s) ago

International and domestic participants are discussing and identifying solutions to ensure a high-quality, comprehensive approach to early childhood care, education and development at a two-day conference launched yesterday in Hà Nội.

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Border, poor residents in Long An, Dak Lak get support

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Báo Đầu Tư English 1 week(s) ago

Poor children and families in border and remote areas in the Mekong Delta province of Long An and the Central Highlands province of Dak Lak received support during charitable events on June 10-11.

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Quang Tri seeks to develop macadamia farming

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Báo Đầu Tư English 1 week(s) ago

The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will give central Quang Tri province a credit package worth VND500 billion (US$22 million) to help the locality develop macadamia farming.

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Economists suggest dealing with bad debts before meting out punishment

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Báo Đầu Tư English 1 week(s) ago

The National Assembly (NA) was discussing bad debts settlements and how to deal with those responsible for these bad debts, with the hope that there will be detailed regulations on solving these problems, bringing about liquidity and transparency in the economy.

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Eurozone growth hits 0.6% in first quarter of 2017

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Báo Đầu Tư English 2 week(s) ago

BRUSSELS: Growth in the eurozone accelerated in the first quarter of 2017 as the economy brushed off the unknowns of Brexit and fraught elections in France, data showed on Thursday (Jun 8).

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Citi to open Korea desks in Vietnam and Czech Republic

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Báo Đầu Tư English 2 week(s) ago

Citi has announced that it plans to open more Korea desks this year to provide institutional banking services to Korean multi-national clients in Vietnam and further across Europe.

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Interest rates in inter-bank market drop for fifth week

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Báo Đầu Tư English 2 week(s) ago

Liquidity in the banking system has been positive as interest rates in the inter-bank market dropped for the fifth consecutive week.

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Financial stocks boost the markets

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Báo Đầu Tư English 2 week(s) ago

Shares extended gains on the two local stock exchanges on Wednesday morning because of strong investor buying.

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Vietnamese banks drawing closer to Japanese partners

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Báo Đầu Tư English 2 week(s) ago

Japanese banks that have previously invested in Vietnamese banks are considering increasing the stakes, while others are looking for ways to join the budding Vietnamese market.

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Foreign bank staff paid 2-3 times more than staff at Vietnamese banks

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Báo Đầu Tư English 2 week(s) ago

While Vietnamese banks pay VND20 million ($900) or so to every worker, foreign banks pay three times higher.

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Credit growth shows positive signs

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Báo điện tử CP English 2 week(s) ago 4 related news

VGP – As of May 25, credit growth expanded 6.53%, higher than the rate of 5% in the same period in 2016 and 4% in 2015. The figure showed positive signs amidst unfavorable economic context and slow public investment disbursement, said a senior official.

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