Deutsche Bank expects Vietnam’s economic growth to accelerate in 2017

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SaiGon GP English 4 day(s) ago

Deutsche Bank Senior Economist Ms. Juliana Lee said: “Vietnam is expected to post a stronger GDP growth of 6.4% in 2017, up from 6.2% in 2016, supported by a sustained recovery in agriculture and exports. We also see Vietnam remaining on the path of reform to improve its long-term growth potential.”

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FOLs will help banks revamp

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Báo Đầu Tư English 7 day(s) ago

A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.

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Banks post higher performance for 2016

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Báo Đầu Tư English 1 week(s) ago

Several commercial banks have in the early days of 2017 posted positive business performance for 2016, with profits much higher than the previous year.

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Moody's reaches $864 mn settlement over subprime ratings

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Báo Dân Trí English 1 week(s) ago

Ratings agency Moody's has agreed to pay nearly $864 million in a settlement with the US authorities over its inflated ratings of risky mortgage securities that contributed to prompting the 2008 global financial crisis, the Justice Department said Friday.

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Many banks report big profits in 2016

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Báo Dân Trí English 1 week(s) ago

Major Vietnamese banks, including Vietinbank, Vietcombank and BIDV, have reported high profits in 2016.

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Vietnam’s public debt rises three times faster than economic growth: PM

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Báo Tuổi Trẻ English 2 week(s) ago

Public debt in Vietnam has been rising three times faster than the country’s economic growth in the past five years, Prime Minister Nguyen Xuan Phuc said during a conference on Friday.

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Five banks to be restructured

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Báo Dân Trí English 2 week(s) ago

The State Bank of Vietnam announced they intend to restructure five banks this year.

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Politburo's Resolution on guidelines and measures to manage public debts

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Báo điện tử CP English 2 week(s) ago

VGP - The Political Bureau on November 18, 2016 issued Resolution No. 07-NQ/TW on guidelines and measures to restructure state budget and manage public debts to ensure the safety and stability of the national finance.

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VAMC gets new chairman

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Báo Đầu Tư English 2 week(s) ago

The State Bank of Viet Nam on Tuesday announced the appointment of the new chairman of the Viet Nam Asset Management Company (VAMC).

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SHB Finance coveted before born

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Báo Đầu Tư English 1 month(s) ago

Although SHB Finance, a result of the merger of Vinaconex-Viettel Finance JSC (VVF) and Saigon-Hanoi Commercial Joint Stock Bank (SHB), has yet to be officially established, numerous foreign investors expressed interest in buying shares.

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Bank restructuring: five-year review and prospects to come

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Báo Đầu Tư English 1 month(s) ago

Positive news regarding the restructuring of banks has emerged at year-end.

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State President welcomes new WB Country Director

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Báo điện tử CP English 1 month(s) ago

VGP – State President Tran Dai Quang hosted a reception for new World Bank (WB) Country Director in Viet Nam Ousmane Dione on December 15 in Ha Noi.

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State President welcomes new WB Country Director

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Báo Dân Trí English 1 month(s) ago

State President Tran Dai Quang hosted a reception for new World Bank (WB) Country Director in Vietnam Ousmane Dione on December 15 in Hanoi.

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Potential remains in regional M&A

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Báo Dân Trí English 1 month(s) ago

The CLMV (Cambodia, Laos, Myanmar and Vietnam) group represents nascent potential merger and acquisition (M&A) opportunities in the region, with frontier Vietnam serving as a gateway into the group as it seeks an upgrade to emerging market status, according to Merrill Corporation.

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Moody's: Unresolved bad debt risks higher

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Báo Dân Trí English 1 month(s) ago

Vietnam’s macroeconomic stability and resilient economic growth will continue to support the bank’s weak credit profile, but high credit growth and unresolved bad debts might turn the outlook into a negative, a report released on December 14 by Moody’s said.

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