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Category: FinanceSubscribe via RSS Feed

IFC provides $185mn syndicated loan for VIB to lend to SMEs

18-Nov-2017 Intellasia | VN Economic Times | 6:00 AM

IFC-led financing package to address financing gap faced by SMEs and a lack of affordable housing. The International Finance Corporation (IFC), a member of the World Bank [...]
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Reference exchange rate continues to drop

18-Nov-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) set its reference VND/USD exchange rate at 22,446 VND/USD in the morning of November 17, down by 3 VND from the previous day. With the current [...]
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Demand for Saigonbank shares four times higher than supply: Vietcombank

18-Nov-2017 Intellasia | Tri Thuc Tre | 6:00 AM

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) has announced the registration result to purchase shares of Saigon Bank for Industry and Trade (Saigonbank) [...]
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Vimo e-wallet connects cross-border payment with Wechat Pay

18-Nov-2017 Intellasia | VNS | 6:00 AM

Vimo e-wallet announced it has become the first payment intermediary allowing Chinese travellers to use Wechat Pay in dong at shops accepting Vimo, VietnamPlus reported. [...]
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Approval given to Alibaba’s online payment platform

18-Nov-2017 Intellasia | VN Economic Times | 6:00 AM

Ant Financial enters into MoU with NAPAS that enables Chinese tourists to use Alipay when travelling in Vietnam. Ant Financial, Alibaba’s financial services arm, has [...]
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Exporters worry as end of foreign loans nears

18-Nov-2017 Intellasia | VNA | 6:00 AM

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Vietnam (SBV) does not extend a circular regulating [...]
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Domestic commercial banks accelerate foreign talks

18-Nov-2017 Intellasia | VIR | 6:00 AM

Aiming to reach the target to complete the selection the strategic investors before listing shares on the stock exchange, domestic banks are accelerating negotiations with [...]
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Banks race to list

18-Nov-2017 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

Right from 2017, many credit organisations have prepared to list or have listed on the stock exchange or temporarily on Upcom. Some of them are VIB, KienlongBank, and [...]
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Banks fail to meet businesswomen’s capital needs: study

18-Nov-2017 Intellasia | VNS | 6:00 AM

A new study has found that only 37 per cent of women-owned SMEs Vietnam have accessed bank loans in the last two years, compared to 47 per cent of male business owners. The [...]
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Which products of consumer finance companies are the best sellers?

18-Nov-2017 Intellasia | Tri Thuc Tre | 6:00 AM

Credit organisations are lending about 960 trillion dong to consumption activities. Of which, just 74 trillion dong are the outstanding loans of finance companies, very small [...]
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Banks need more money now

18-Nov-2017 Intellasia | Vneconomy | 6:00 AM

Since the beginning of this week, the State Bank of Vietnam (SBV) has continuously returned capital to commercial banks through T-bill channel as well as started to [...]
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Banks till struggle to increase capital

18-Nov-2017 Intellasia | BizLive | 6:00 AM

As of the end of August 2017, the Capital Adequacy Ratio (CAR) of state-owned commercial banks was just 9.69%, close to the minimum requirement of nine percent, according to [...]
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Central bank governor stresses solutions to bad debt settlement

18-Nov-2017 Intellasia | VNA | 6:00 AM

Governor of the State Bank of Vietnam (SBV) Le Minh Hung on November 16 fielded lawmakers’ questions about the banking system’s operations, underlining the need [...]
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Finance Ministry proposes tax law changes

18-Nov-2017 Intellasia | VNA | 6:00 AM

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border [...]
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Reference exchange rate goes down by 7 VND

17-Nov-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) set its reference VND/USD exchange rate at 22,449 VND/USD in the morning of November 16, down by 7 VND from the previous day. With the [...]
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