Microfinancer Prasac looking to parter up with Korean giant

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VietStock FI English 2 month(s) ago

Microfinancer Prasac looking to parter up with Korean giant

Woori Bank, South Korea’s second-largest bank in terms of assets, is vying to purchase a 50 per cent stake Cambodia’s largest microfinance institution, Prasac, the company’s CEO confirmed yesterday.

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Fulbright University Vietnam to open in late 2016

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SaiGon GP English 3 month(s) ago

Fulbright University Vietnam to open in late 2016

The establishment of the Fulbright University Vietnam (FUV) – the country’s first independent and non-profit higher education institution- was announced in Ho Chi Minh City on May 25.

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State President welcomes WB Vice President

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Báo điện tử CP English 3 month(s) ago

State President welcomes WB Vice President

VGP – State President Tran Dai Quang on May 19 hosted a reception for Ms. Victoria Kwakwa, the World Bank Vice President for the East Asia and Pacific Region, seeking to beef up the cooperation with the financial institution.

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Canadian bank ups stake in ABA

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VietStock FI English 3 month(s) ago

Canadian financial institution National Bank of Canada (NBC) has increased its total investment in Advanced Bank of Asia Ltd (ABA Bank) to $148 million, becoming the local commercial bank’s majority shareholder with a 90 per cent stake, the bank announced yesterday.

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True Money to extend services to Niron MFI

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VietStock FI English 4 month(s) ago

True Money to extend services to Niron MFI

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers.

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Circular tightens offshore borrowings

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Báo Đầu Tư English 4 month(s) ago

Circular tightens offshore borrowings

A circular containing new regulations on offshore borrowing took effect on April 15, expanding the central bank’s control over offshore borrowings to short-term loans. Doan Tu Tich Phuoc, lawyer at Duy Long Legal LLC, provides some insight on the topic.

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Vietnam’s academy dubbed ‘doctorate mill’ as PhD students graduate en masse

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Báo Tuổi Trẻ English 4 month(s) ago 1 related news

Vietnam’s academy dubbed ‘doctorate mill’ as PhD students graduate en masse

A graduate academy in Vietnam has been dubbed a ‘doctorate mill’ after a local man found out that one new student earned a PhD degree from the institution almost on a daily basis in 2015.

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PM asks for completing institution, removing barriers for development

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Báo điện tử CP English 4 month(s) ago

PM asks for completing institution, removing barriers for development

VGP – PM Nguyen Xuan Phuc asked the Ministry of Planning and Investment (MPI) to uphold its role as lead consultant in socio-economic development measures at his working session with the MPI on April 21.

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More transparency needed in Cambodia’s property valuation

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VietStock FI English 4 month(s) ago

“From what I see, RICS (Royal Institution of Chartered Surveyors) is a handsome man, and CVEA is a pretty girl, so why not we get married?” asked a rhetorical Kim Heang.

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Hanoi Science-Technology University handed over to Vietnam Academy of Science and Technology

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Báo Dân Trí English 4 month(s) ago

Hanoi Science-Technology University handed over to Vietnam Academy of Science and Technology

The Ministry of Education and Training held a ceremony in Hanoi on April 20 to officially hand over Hanoi Science-Technology University (HSTU) to the Vietnam Academy of Science and Technology (VAST).

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7 arrested for forging thousands of diplomas in Vietnam

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Báo Thanh Niên English 4 month(s) ago

7 arrested for forging thousands of diplomas in Vietnam

The Ministry of Public Security on Wednesday arrested seven suspects in Ho Chi Minh City who were accused of having sold thousands of fake degrees and diplomas since 2014.

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Angkor Wat ticket sales top $20M over 2016

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VietStock FI English 5 month(s) ago

Angkor Wat ticket sales generated $20 million in revenue during the first three months of 2016, a 2.5-per-cent increase over the same period last year, while the amount of visitors increased by 1.7 per cent, according to data released yesterday by the Apsara Authority.

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HoSE puts EIB shares on warning list

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Báo Đầu Tư English 5 month(s) ago 1 related news

HoSE puts EIB shares on warning list

HCM Stock Exchange (HoSE) put shares of the Viet Nam Export Import Bank (EIB) on the warning list due to its accumulated losses over two consecutive years.

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Sathapana completes procedures for merger

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VietStock FI English 5 month(s) ago

Sathapana completes procedures for merger

After more than a year of internal structural changes, Sathapana Ltd – the third-largest microfinance institution (MFI) in Cambodia – has completed its merger with a local Japanese-owned bank to operate a consolidated commercial bank following the National Bank of Cambodia’s (NBC) approval of its lending license last Monday.

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IMF urges innovation to battle global growth slowdown

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Báo Đầu Tư English 5 month(s) ago

IMF urges innovation to battle global growth slowdown

Facing slowing growth in the global economy, the International Monetary Fund on Thursday called for policies that support research and development to promote innovation.

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