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Reference exchange rate kept stable

27-May-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam continued maintaining its reference VND/USD exchange rate at 22,384 VND/USD on May 26. With the current +/- 3 percent VND/USD trading band, the [...]
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Foreign capital dominates insurance sector

27-May-2017 Intellasia | Vietnamnet | 6:00 AM

Through merger & acquisitions (M&A), the world’s leading insurance conglomerates have been buying Vietnamese companies, which has helped the former hasten their [...]
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State Audit: NPLs at 8.85pct at end-2015

27-May-2017 Intellasia | VN Economic Times | 6:00 AM

Figure from State Audit of Vietnam three and a half times higher than figure for end-2015 reported by SBV in March. In a report sent to the National Assembly, State Audit of [...]
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Three ‘bottlenecks’ in bad debt settlement remain unresolved

27-May-2017 Intellasia | Dau Tu Chung Khoan | 6:00 AM

Sharing with the local Newswire Dau Tu Chung Khoan (or Securities Investment), Aaron Batten, country economist of Asian Development Bank (ADB), said that although the [...]
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Short-term deposit rates forecast to reduce in 2017

27-May-2017 Intellasia | VNS | 6:00 AM

The market research company Market Intello forecast that the average interest rate this year would reduce by 0.5 percentage points compared with 2016. In the “Vietnam [...]
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Market Intello forecast short-term interest rates to fall

27-May-2017 Intellasia | DTCK | 6:00 AM

Market Intello, a market research firm, has released a macroeconomic report in May 2017. Accordingly, Q2′s economic growth rate will improve compared to Q1, reaching [...]
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VPBank shocks consumer market with fast loan product

27-May-2017 Intellasia | Tri Thuc Tre | 6:00 AM

Vietnam Prosperity Bank (VPBank) has introduced VPBank Fast Loan brand with the online portal of VPBank.vn. The product drew customers’ attention right from the [...]
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VIB to make 2016 dividend payment in cash

27-May-2017 Intellasia | Vietstock.vn | 6:00 AM

Vietnam International Commercial Joint Stock Bank (VIB) announces that June 2, 2017 will be the ex-dividend date for 2016 dividend payment in cash at five percent. The [...]
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Fitch rates 3 Vietnam banks’ outlooks as positive

27-May-2017 Intellasia | VNS | 6:00 AM

Fitch Ratings on Wednesday revised the outlooks on the long-term issuer default ratings (IDRs) of three State-owned Vietnamese banks Vietinbank, Vietcombank and Agribank to [...]
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Citi Vietnam named Best Corporate and Institutional Bank

27-May-2017 Intellasia | VN Economic Times | 6:00 AM

The Asset magazine also named Citi as best bank in a number of Asian categories. Citi Vietnam has been named Best Corporate and Institutional Bank 2016 by leading industry [...]
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Reference exchange rate stays unchanged on May 25

26-May-2017 Intellasia | VNA | 6:00 AM

The daily reference VND/USD exchange rate on May 25 stayed unchanged from the day before at 22,384 VND. With the current trading band of +/-3 percent, the ceiling rate [...]
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Sacombank postpones AGM to June 30

26-May-2017 Intellasia | VN Economic Times | 6:00 AM

Bank’s restructuring plan secured central bank approval on May 22. In an announcement published on its website on May 24, Sacombank said it cannot hold its 2015 and [...]
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Asset Magazine lauds Citi and Citi Vietnam as the banks to go

26-May-2017 Intellasia | VIR | 6:00 AM

Leading industry publication Asset Magazine announced the 2016 winners of its annual poll. Accordingly, Citi Vietnam was the Best Corporate and Institutional Bank in 2016, [...]
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Bonds sell well

26-May-2017 Intellasia | Tri Thuc Tre | 6:00 AM

Last week, the State Treasury held a successful auction session. For the first time after seven months, 100 percent of bonds consisting of four trillion dong bonds called for [...]
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NA aims to better recover bad debts

26-May-2017 Intellasia | VNS | 6:00 AM

The National Assembly’s Economic Committee on Monday agreed to streamline existing legal regulations to better recover bad debts and restructure credit institutions. [...]
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