Vietnam central bank says taking over small lender

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Báo Thanh Niên English 1 month(s) ago 1 related news

Vietnam's central bank will acquire all shares in a small, loss-making bank in Hanoi, a unit of Ocean Group Co, to ensure the banking system's safety, the second move in less than two months as it seeks to clean up the fragmented sector.

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Vietnam's largest private lender VietinBank faces criminal investigation

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Báo Thanh Niên English 1 month(s) ago

Vietnam's largest private lender VietinBank faces criminal investigation

Government inspectors have proposed an investigation into violations found at VietinBank, the country's largest partly private bank in terms of assets, after checking its activities from 2009 to 2012.

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Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

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Báo Thanh Niên English 1 month(s) ago

Vietnam's Sacombank aims to complete Phuong Nam merger in 2015

Sacombank, Vietnam's sixth-largest partly private lender by assets, is aiming to complete this year a merger with unlisted domestic Phuong Nam Bank, the latest in a series of consolidation moves in the overcrowded financial sector.

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Vietnam seeks new markets for agro-forestry-fishery products

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VietnamPlus English 1 month(s) ago

Vietnam is struggling to explore new markets for its agro-forestry-fishery products as the 13 percent annual plunge in export value during the first quarter was partly ascribed to the excessive dependence on traditional markets, the Government’s online newspaper reported.

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Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

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Báo Thanh Niên English 1 month(s) ago

Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

Vietnam's lender BIDV, the country's second-biggest partly private bank by assets, expects pre-tax profit to climb 19 percent to 7.5 trillion dong ($350 million) this year, a shareholder said.

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Vietnam's Mekong Housing Bank says to work on merger with BIDV

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Báo Thanh Niên English 1 month(s) ago

Vietnam's Mekong Housing Bank says to work on merger with BIDV

Vietnam's unlisted Mekong Housing Bank (MHB) plans to work with BIDV, the country's second-biggest partly private bank by assets, in 2015 to complete a merger plan, it said in a statement.

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Refinery project developers fear low profits after drop in oil prices

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VietnamNet English 2 month(s) ago

Refinery project developers fear low profits after drop in oil prices

VietNamNet Bridge - Oil refinery projects have been progressing slowly, partly due to a drop in oil prices, but economists have called on the government to reconsider investments in the field.

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Vietnam's BIDV plans to sell 25 pct stake to foreigners

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Báo Thanh Niên English 3 month(s) ago

Vietnam's BIDV plans to sell 25 pct stake to foreigners

BIDV, Vietnam's second-largest partly private lender by assets, plans to sell a 15 percent stake to a strategic foreign partner and another 10 percent to an overseas financial investor, an executive said on Monday.

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VietinBank's gross profit seen down at $342 mln in 2014: report

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Báo Thanh Niên English 4 month(s) ago

VietinBank's gross profit seen down at $342 mln in 2014: report

VietinBank, Vietnam's top partly private bank, made a gross profit of 7.3 trillion dong ($342 million) last year, slightly above its annual target but down 5.8 percent from 2013, an official newspaper reported on Friday.

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Vietnam inflation slips to 10-year low as oil prices drag

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Báo Thanh Niên English 5 month(s) ago

Vietnam inflation slips to 10-year low as oil prices drag

Vietnam’s inflation finished 2014 at 4.09 percent, the lowest rate in 10 years, partly due to cheaper petrol costs.

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Exports of wood, wooden products rise

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Báo điện tử CP English 9 month(s) ago 1 related news

Exports of wood, wooden products rise

VGP – Viet Nam earned US$5.7 billion from exporting wood and wooden exports over the past seven months of 2014.

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Unemployment rate in Thailand expected to decrease

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VietnamPlus English 9 month(s) ago

The unemployment rate in Thailand is expected to fall in the second half of this year as the economy is likely to pick up, according to the National Economic and Social Development Board (NESDB)

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Cat Lai Port struggles with cargo overloading

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SaiGon GP English 11 month(s) ago

Cat Lai Port struggles with cargo overloading

Cargo volume via Cat Lai Port has highly surged in Ho Chi Minh City partly due to an increase in export and import turnover, according to Saigon Newport Corporation.

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Vietnam sees opportunity in Chinese tourist slump caused by marine standoff

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Báo Thanh Niên English 12 month(s) ago

Chinese tourist arrivals are decreasing, partly due to bilateral tensions that resurfaced last month, according to a spokesperson for Vietnam National Administration of Tourism (VNAT).

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Retail banking – a new game

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VietnamNet English 12 month(s) ago

Retail banking – a new game

VietNamNet Bridge – Commercial banks believe that retail banking is a new promising playing field that will produce high profits. But there have been complaints from clients about service quality at local banks.

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