Thai bank’s $140M offer to buy Cambodian MFI on hold

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VietStock FI English 3 month(s) ago

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal.

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Japan provides 11 billion JPY loan for Vietnam

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Báo Dân Trí English 3 month(s) ago

Japan provides 11 billion JPY loan for Vietnam

The Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy.

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Government convenes monthly meeting for August

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

Government convenes monthly meeting for August

VGP – The government convened its monthly meeting for August on Tuesday, to evaluate the implementation of actions over past months.

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US to provide $125M for Acleda financing

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VietStock FI English 3 month(s) ago

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium- enterprises (SMEs), Acleda Bank said in a press release yesterday.

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Woori ruled out of Prasac bid

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VietStock FI English 4 month(s) ago

Woori ruled out of Prasac bid

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said.

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Business disputants file case for arbitration

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VietStock FI English 4 month(s) ago

The National Commercial Arbitration Centre (NCAC) received its latest case last week, marking just the third time that a commercial dispute has been brought to the independent dispute resolution body, its president said yesterday.

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USD3.5bn HCM City university project faces chop

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Báo Dân Trí English 4 month(s) ago

USD3.5bn HCM City university project faces chop

HCM City's authorities are considering cancelling the license for a USD3.5-billion Malaysian project to build an international university township due to its long delay.

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American University debuts in Da Nang

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SaiGon GP English 4 month(s) ago

American University debuts in Da Nang

The American University in Vietnam was launched in the central city of Da Nang on August 6, the first education institution under the US curriculum in the central Vietnam.

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Acleda Bank net profit, assets grow in 1H16

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VietStock FI English 4 month(s) ago

Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement.

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Angkor Wat ticket price hike could hurt visitor numbers: experts

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VietStock FI English 4 month(s) ago

Angkor Wat ticket price hike could hurt visitor numbers: experts

Tourism experts say the government’s decision to hike entrance fees to the Kingdom’s top tourist attraction could see visitor numbers dwindle, and have issued calls for greater transparency and accountability in how the ticket revenue will be used.

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Vietnam considers criminal penalty for drunk drivers

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Báo Tuổi Trẻ English 4 month(s) ago

Vietnam considers criminal penalty for drunk drivers

Vietnam’s Ministry of Public Security will propose the institution of criminal charges against drunk drivers after carrying out a thorough study, according to a police official.

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CIA director says he would resign if ordered to resume waterboarding

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Báo Thanh Niên English 5 month(s) ago

CIA director says he would resign if ordered to resume waterboarding

CIA Director John Brennan said on Wednesday he would resign if the next president ordered his agency to resume waterboarding suspected militants, an apparent reference to comments by Republican presidential candidate Donald Trump embracing the banned interrogation method.

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Japanese investor acquires local MFI

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VietStock FI English 5 month(s) ago

A Japanese businessman has acquired a majority stake of microfinance company Farmer Union Development Fund (FUDF) and plans to expand its lending to the real estate sector as well as small- and medium-d enterprises, he revealed yesterday.

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Angkor Wat continues to lure foreign tourists

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VietStock FI English 5 month(s) ago

Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution show.

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Wing to process business registry fees

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VietStock FI English 5 month(s) ago

The Ministry of Commerce has tapped Wing (Cambodia) Ltd Specialised Bank to be the fourth financial institution designated to handle payments for companies incorporated using the ministry’s online registration system.

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