Banking assets rise by 16% in 2016

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Báo Dân Trí English 2 hour(s) ago

The total assets of the Vietnamese banking industry reached VND8.5 quadrillion (USD360 billion) by the end of 2016, according to statistics provided by the State Bank of Vietnam (SBV).

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VN issues restructuring action programme

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SaiGon GP English 2 day(s) ago

The Government has issued an action programme to implement the policies on economic restructuring and building of a new growth model for the period between 2016 and 2020.

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Vietnam to recoup $2.6b bad loans

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Báo Đầu Tư English 3 day(s) ago

The Viet Nam Asset Management Company (VAMC) will take drastic measures to recover around VND33 trillion (US$2.6 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyen Tien Dong said.

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ADB supports SHB in pre-shipment, post-shipment trade transactions

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Báo điện tử CP English 5 day(s) ago

VGP - The Asian Development Bank (ADB) and the Sai Gon-Ha Noi Commercial Joint Stock Bank (SHB) on February 21 signed a Revolving Credit Agreement (RCA), which allows ADB’s Trade Finance Program (TFP) to provide a US$20 million direct loan to SHB to support pre-shipment and post-shipment trade transactions.

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ADB, SHB strike deal to provide trade loans in Vietnam

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Báo Dân Trí English 6 day(s) ago 1 duplicate news

The Asian Development Bank (ADB) and Sai Gon - Hanoi Commercial Joint Stock Bank (SHB) on Tuesday signed a Revolving Credit Agreement (RCA). Under the agreement ADB’s Trade Finance Program (TFP) will provide a USD20 million direct loan to SHB to support pre-shipment and post-shipment trade transactions.

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Kraft Heinz bids $143 bln for Unilever in global brand grab

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Báo Tuổi Trẻ English 1 week(s) ago

LONDON, Feb 17 - U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.

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New regulations on lending activities of foreign credit organizations

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Báo Đầu Tư English 1 week(s) ago

The State Bank of Viet Nam has issued Circular No.39/2016/TT-NHNN stipulating lending activities of foreign credit organizations and bank branches for customers.

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Prudential Finance receives certificate of merit from central bank’s governor

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Báo Tuổi Trẻ English 1 week(s) ago

Prudential Vietnam Finance Company Ltd. (Prudential Finance) has just been presented with “The State Bank of Vietnam Governor’s Award” for its outstanding contributions to the banking industry in 2014 and 2015.

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Nearly 480,000 households without housing in HCM City

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Báo Đầu Tư English 1 week(s) ago

The Ho Chi Minh City Department of Construction has recently announced the results of a survey conducted on the status of housing in order to meet demand in the southern city.

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Hanoi court to trial large corruption case at Oceanbank soon

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SaiGon GP English 1 week(s) ago

The Hanoi People’s Court will open the court of first instance, expected to last about a month, to rule on 48 offenders in a big corruption case drawing public attention at Oceanbank on February 27th.

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Analysis: Basel II bank performances

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Báo Đầu Tư English 2 week(s) ago

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.

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Investors fuel hi-tech agricultural revolution

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Báo Đầu Tư English 2 week(s) ago

Hi-tech agriculture is riding a new wave of investment in 2017, with the participation of numerous enterprises, banks, and the resolute determination from the government.

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VNPT to divest capital from Maritime Bank

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Báo Đầu Tư English 2 week(s) ago

The Viet Nam Post and Telecommunications Group (VNPT) will divest capital from the Maritime Bank.

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Vietnam targets 18% credit growth for this year

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Báo Dân Trí English 3 week(s) ago

The State Bank of Vietnam (SBV) has set a credit growth target of 18 % for this year and pledged to continue measures to keep credit growth adequate for economic growth.

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SBV: Using policy to battle volatility

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Báo Đầu Tư English 1 month(s) ago

Emerging markets are expected to experience great volatility and challenges in 2017, and their banking systems will likely be at the forefront of these difficulties. Yet, as State Bank of Vietnam Deputy Governor Nguyen Thi Hong tells VIR’s Hong Dung, things are brighter than they sound, given her great belief in local credit institutions and their development in 2017.

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