12 legal documents issued in February

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Báo điện tử CP English 3 day(s) ago

VGP – The Government issued 12 legal documents in February 2017, according to the press announcement of the Ministry of Justice.

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Alma Resort customers tricked by company’s cooperation with Sacombank, Maritime Bank

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Báo Đầu Tư English 1 week(s) ago

Thanks to the trust customers place in Sacombank and Maritime Bank, the cooperation between Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, with said banks is likely making it easier for the company to trick customers into signing vacation right ownership contracts.

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Sacombank and Maritime Bank thick as thieves with Paradise Bay Resort?

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Báo Đầu Tư English 1 week(s) ago

Sacombank and Maritime Bank are likely cooperating at Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, in order to trick customers that signed the company’s vacation right ownership contracts.

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Banks hopeful for mortgage market growth

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Báo Đầu Tư English 1 week(s) ago

With housing demand remaining strong, banks are optimistic 2017 will be a big year for mortgages.

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More strikes of false advertising at Alma resort

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Báo Đầu Tư English 2 week(s) ago

More customers have contacted VIR to accuse Paradise Bay Resort Co., Ltd. for false advertising.

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Banks’ appetite for real estate lending drives up interest rates

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Báo Đầu Tư English 3 week(s) ago

Banks’ favour for lending to real estate is the reason for high lending interest rates.

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Former Ocean Bank executives stand trial

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Báo Đầu Tư English 3 week(s) ago 1 related news

The People’s Court of Hanoi on February 27 opened the first instance hearing for former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank) Ha Van Tham and other former executives of the bank for serious violations of State laws.

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Vietcombank blames outdated technology for unpaid interest

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Báo Đầu Tư English 1 month(s) ago

One of Vietnam’s biggest banks in terms of assets blamed the automatic rounding of numbers in its system for VND9.7 billion ($428,500) of wrongly calculated, unpaid interest.

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Interest rate under pressure to remain unchanged

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Báo Đầu Tư English 1 month(s) ago

The central bank has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures, the Nguoi Lao Dong (Labourers) newspaper has reported.

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SBV pumps in capital to control interest rate heat

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Báo Dân Trí English 3 month(s) ago

The State Bank of Vietnam (SBV) has ceased issuing treasury bills and begun pumping capital totaling VND22 trillion ($966.46 million) into the market via open market operations (OMO) in the last three weeks.

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Banks increase dong interest rate to lure depositors

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Báo Đầu Tư English 3 month(s) ago

A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.

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Upward trend in bank interest rates

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Báo Đầu Tư English 3 month(s) ago

At the beginning of December some banks cut deposit interest rates by 0.1-0.2 percentage points.

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Financial sector modernization project extended

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Báo điện tử CP English 3 month(s) ago 1 related news

VGP – The PM has approved the extension of the Financial Sector Modernization and Information Management Project for Viet Nam, which is sponsored by the World Bank till December 31, 2017.

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Some banks cut deposit interest rates

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Báo Đầu Tư English 3 month(s) ago

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Viet Nam (SBV).

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Moody's outlook remains stable for Vietnam banking system

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Báo Dân Trí English 4 month(s) ago

Credit ratings agency Moody’s has indicated that the outlook for the banking system in Vietnam (B1 stable) is stable over the next 12-18 months, reflecting Moody's expectation that the country's macroeconomic stability and resilient economic growth will continue to support the banks' weak credit profiles.

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