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Business Briefs 23 October, 2017

23-Oct-2017 Intellasia | | 3:38 PM

* Nam Long Investment Corporation (NLG) plans to issue 31.4 million shares to existing shareholders at VND15,000 to VND20,000 each to raise capital for land accumulation. In [...]
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Reference exchange rate down by 3 VND

21-Oct-2017 Intellasia | VNA | 6:00 AM

The daily reference exchange rate for VND/USD was set at 22,429 VND on August 1, down 3 VND from the previous day. With the current trading band of/- 3 percent, the ceiling [...]
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Kienlongbank attains 191.56b dong pre-tax profit

21-Oct-2017 Intellasia | Tri Thuc Tre | 6:00 AM

According to Kienlongbank’s consolidated financial report, at the end of Q3/2017, most of Kienlongbank’s operating indicators have grown steadily, reaching and [...]
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National Citizen Bank appoints new general director

21-Oct-2017 Intellasia | VNS | 6:00 AM

The National Citizen Joint Stock Commercial Bank (NCB) has appointed Le Hong Phuong as the new general director of the bank, starting October 18. Prior to this, Phuong was [...]
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Former MHB chair prosecuted

21-Oct-2017 Intellasia | The Saigon Times | 6:00 AM

Prosecutors on Tuesday completed legal proceedings against Huynh Nam Dung, former chair of Mekong Delta Housing Development Bank (MHB), and 16 other accomplices for alleged [...]
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Interbank interest rates tend to fall

21-Oct-2017 Intellasia | BizLive | 6:00 AM

Last week (October 9-13), the OMO market was quiet when there was no new injection as well as maturity through this channel. Meanwhile, through T-bill channel, SBV issued [...]
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Strange happenings seen in foreign exchange market

21-Oct-2017 Intellasia | Bao Dau Tu | 6:00 AM

Instead of having to sell foreign currency continuously to “boost” the market liquidity at end of the year peak season, recently, the State Bank of Vietnam (SBV) [...]
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Exchange rate expected to be within control at year’s end

21-Oct-2017 Intellasia | Tien Phong | 6:00 AM

On October 18, the State Bank of Vietnam (SBV) listed the central rate between dong and the US dollar at 22,460 dong, up nine dong from the previous session. As such, with [...]
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Banks start competing to mobilise deposits

21-Oct-2017 Intellasia | DTCK | 6:00 AM

The capital demand of businesses often increases in the last months of the year. This is also the peak season for capital business of banks. Therefore, many banks, especially [...]
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VAMC takes serious measures to collect debt

21-Oct-2017 Intellasia | Vietnamnet | 6:00 AM

The Vietnam Asset Management Company (VAMC) has begun using its right to seize mortgaged assets given to it by Resolution 42 on settling bad debts. Sai Gon One Tower is the [...]
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Contactless the future of payment industry

21-Oct-2017 Intellasia | VN Economic Times | 6:00 AM

Sean Preston, Visa Country manager in Vietnam, Laos, and Cambodia, tells VET about the prospects for electronic payments in Vietnam and the company’s expansion plans. [...]
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Bank stocks prosper in early-year and slow down in end of the year

21-Oct-2017 Intellasia | DTCK | 6:00 AM

Along with the growth of the VN Index from the beginning of the year until now (VN Index has risen by over 20 percent), most bank stocks have sharply increased in price. In [...]
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VPBank fixes foreign ownership ratio at 22.378pct

21-Oct-2017 Intellasia | Tri Thuc Tre | 6:00 AM

The State Securities Commission (SSC) has just received an official letter from Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on limitation of foreign ownership [...]
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Reference exchange rate down by 3 VND

21-Oct-2017 Intellasia | VNA | 6:00 AM

The daily reference exchange rate for VND/USD was set at 22,429 VND on August 1, down 3 VND from the previous day. With the current trading band of/- 3 percent, the ceiling [...]
» More

Kienlongbank attains 191.56b dong pre-tax profit

21-Oct-2017 Intellasia | Tri Thuc Tre | 6:00 AM

According to Kienlongbank’s consolidated financial report, at the end of Q3/2017, most of Kienlongbank’s operating indicators have grown steadily, reaching and [...]
» More