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Category: FinanceSubscribe via RSS Feed

Reference exchange rate up 5 VND

22-Apr-2017 Intellasia | VNA | 6:00 AM

The daily reference exchange rate for VND/USD was set at 22,335 VND on April 21, up 5 VND from the day before. With the current trading band of/-3 percent, the ceiling rate [...]
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Removing the bottleneck in bank restructuring

22-Apr-2017 Intellasia | Vietnamnet | 6:00 AM

The restructuring of the banking system has entered the second phase. However, the bloodline of the economy remains stuck as many banks are under the pressure of having huge [...]
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Banks to be more demanding in selecting customers

22-Apr-2017 Intellasia | VNS | 6:00 AM

With credit growth accelerating in the first quarter, many commercial banks may become more demanding in selecting lending customers. At the end of Q1, average credit growth [...]
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Bankrupt creditors may be aided to refund customers

22-Apr-2017 Intellasia | VNS | 6:00 AM

To-be-bankrupt financial and credit institutions may have to refund their individual customers using support loans from the State Bank of Vietnam (SBV) and other financial [...]
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Preferential loans for manufacturing industry firms

22-Apr-2017 Intellasia | VNS | 6:00 AM

Domestic enterprises with plans to invest in four key industrial sectors and two traditional fields will be offered low-interest loans worth up to VND200 billion (US$8.8 [...]
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VIB records 14pct rise in Q1 after-tax profit

22-Apr-2017 Intellasia | VNS | 6:00 AM

Vietnam International Bank (VIB) posted after-tax profit of VND126 billion (US$5.53 million) in the first quarter of this year, up 14 per cent year-on-year. According to the [...]
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‘New Eximbank’ plan in the making

22-Apr-2017 Intellasia | The Saigon Times | 6:00 AM

Eximbank is working on a comprehensive restructuring plan dubbed “New Eximbank” in the hope of returning to its golden days but whether the bank’s [...]
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SCB allowed to sell over 50pct of shares to foreign investors

22-Apr-2017 Intellasia | The Saigon Times | 6:00 AM

Saigon Joint Stock Commercial Bank (SCB) said on April 18 it had received approval from the central bank to sell more than 50 percent of its shares to foreign investors. [...]
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OCB wins Vietnamese Excellent Brand Award

22-Apr-2017 Intellasia | VN Economic Times | 6:00 AM

Bank reached all targets set for 2016, creating a solid foundation for “Conquering the Peak” in 2017. For the third year in a row, the Orient Commercial Bank [...]
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Vietcombank is more hesitant to recruit in 2017

22-Apr-2017 Intellasia | Tri Thuc Tre | 6:00 AM

Vietnam Foreign Trade Joint Stock Commercial Bank (Vietcombank – VCB) has just announced its documents prepared for the annual shareholders’ meeting in 2017. One [...]
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Reference exchange rate up 8 VND

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

The daily reference exchange rate for VND/USD was set at 22,330 VND on April 20, up 8 VND from the day before. With the current trading band of/-3 percent, the ceiling rate [...]
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Liquidity cools down

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

The interbank rates are at the lowest level in a past month, showing that the liquidity has cooled down, according to the monetary market report recently announced by Saigon [...]
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Medium and long-term capital shortage causes high interest rate pressure

21-Apr-2017 Intellasia | Stockbiz | 6:00 AM

Many analysis showed that there is pressure on interest rates, especially in the context that the pressure on deposit rate is increasing, making it difficult to reduce [...]
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How should weak banks be restructured?

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

While the State Bank (SBV) has legalised the use of state money to support the restructuring of weak banks, it has not specified where the government will get the money to [...]
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Significant gap in profit among top banks expected in 2017

21-Apr-2017 Intellasia | VnEconomy | 6:00 AM

Banks have in turn set targets for the business plans in 2017 as well as estimated the first quarterly results. With such information, the first position in profit of the [...]
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