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Category: FinanceSubscribe via RSS Feed

Reference exchange rate goes down 5 dong

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

The State Bank of Vietnam set the reference VND/USD exchange rate at 22,229 VND per USD on February 17, down 5 VND from the day before. With the current +/- 3 percent VND/USD [...]
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Banning loans for acquiring banks

18-Feb-2017 Intellasia | Dau Tu Chung Khoan | 6:00 AM

In the recently announced draft report on assessing the impact of the policy which proposes to build the law to support the restructuring of credit institutions (CIs) and bad [...]
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VPBank attains record high profit since its establishment

18-Feb-2017 Intellasia | NDH | 6:00 AM

As per the preliminary business result from Vietnam Prosperity Joint Stock Commercial Bank (VPBank), the bank’s net interest income in 2016 reached 15.1 trillion dong, [...]
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Deutsche Bank remains steadfast in Vietnam?

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

Jens Ruebbert, chief country officer at the HCM City Branch of Deutsche Bank AG, shared with VIR’s Nam Phuong the branch’s commitment to the country despite [...]
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Woori Bank to distribute Hanwha Life Vietnam products

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

South Korea’s Hanwha Life and Woori Bank signed an agreement this week to promote bancassurance in Vietnam. The latter will become a distributor of Hanwha Life [...]
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Agribank Gold to go public

18-Feb-2017 Intellasia | Vneconomic Times | 6:00 AM

The Agribank Gold Corporation (AJC) will finalise its list of shareholders at 4.30 pm on February 28 then carry out depository registration procedures for its securities and [...]
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Check the health of banks under restructuring in 2017

18-Feb-2017 Intellasia | Dau Tu Chung Khoan | 6:00 AM

After being acquired by the State Bank of Vietnam (SBV) at zero dong per share – including Construction Bank (CB), Ocean Bank (OceanBank) and Global Petro Bank [...]
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Large banks mull over profit targets despite high profits

18-Feb-2017 Intellasia | Bao Dau Tu | 6:00 AM

Due to having to put large provision for risks, banks’ profits in the past year were eroded significantly, especially banks which had to merge ailing banks. Therefore, [...]
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Banks’ income structure less depends on lending

18-Feb-2017 Intellasia | BizLIVE | 6:00 AM

It can be seen that the income of banks is becoming less dependent on credit activities. According statistics of the 10 banks in Vietnam which have recently published the [...]
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Only businesses with no bad debt can get revolving loan

18-Feb-2017 Intellasia | Bao Dau Tu | 6:00 AM

From March 15, customers are no longer allowed to borrow to roll over loans. Revolving loan is only applicable to businesses with no bad debt. Late last year, Hoang Anh Gia [...]
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Banks look for borrowers

18-Feb-2017 Intellasia | Bao Giao Thong | 6:00 AM

The full moon of the lunar January has passed but T., a credit officer at a large state-owned bank whose branch is in Nam Tu Liem district, Cau Giay, Hanoi is still free. [...]
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Many small banks remain nontransparent

18-Feb-2017 Intellasia | BizLIVE | 6:00 AM

The Vietnam annual economic report in February 2017 with theme “2017 – overcoming difficulties and continuing to develop” of the Central Economic Committee [...]
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The financial picture of Vietnam’s 10 largest banks

18-Feb-2017 Intellasia | VNN | 6:00 AM

Profits from lending still make up a large proportion of banks’ total profits, but bad debt remains a problem. Under a plan on applying Basel II standards on a trial [...]
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Dollar rises to one-month high in Vietnam

18-Feb-2017 Intellasia | Tuoi Tre News | 6:00 AM

Banks in Vietnam increased US dollar prices to a one-month high on Wednesday, reaching the VND22,820 mark and resting just below the ceiling set by the State Bank of Vietnam. [...]
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Interbank interest rates fall sharply

17-Feb-2017 Intellasia | Nhip Cau Dau Tu | 6:00 AM

The newsletter for the week from February 6 to February 10, 2017 of Bao Viet Securities Company (BVSC) said last week, the State Bank of Vietnam (SBV) newly injected 1.863 [...]
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