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Category: FinanceSubscribe via RSS Feed

Reference exchange up at week’s beginning

24-Apr-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 22,507 VND/USD on April 23, up 9 VND from the last working day of previous week (April 20), following [...]
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HDBank shareholders approve PG Bank acquisition in all-stock deal

24-Apr-2018 Intellasia | VNS | 6:00 AM

Shareholders of the HCM City Development Joint Stock Commercial Bank (HDBank) have approved a plan to acquire the Hanoi-based Petrolimex Group Commercial Joint Stock Bank in [...]
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Vietnam’s HDBank to absorb PGBank in merger

24-Apr-2018 Intellasia | Vnexpress | 6:00 AM

Each share of PGBank will be converted into 0.621 HDBank share. Vietnam’s HCM City Development Joint Stock Bank, better known as HDBank, said its shareholders approved [...]
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Sacombank vows to finish settling bad debts in five years

24-Apr-2018 Intellasia | VNA | 6:00 AM

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has pledged to finish settling all of the 100 trillion VND (4.38 billion USD) of its bad debts in five years, [...]
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Long term loans increase

24-Apr-2018 Intellasia | Bao Dau Tu | 6:00 AM

Relating to the fact that more than a dozen banks have recently reduced deposit rates, experts say that is just superficial phenomenon. In fact, interest rates do not [...]
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Vietnam should double efforts to withstand external shocks

24-Apr-2018 Intellasia | Nhip Cau Dau Tu | 6:00 AM

The US Federal Reserves (Fed) plans to raise interest rate three times in 2018 and the rate may reach 2.1 percent in the end of the year. Fed’s current rate is [...]
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Reforms should ease credit access

24-Apr-2018 Intellasia | VNS | 6:00 AM

More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises. This was the [...]
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Small scale banks try hard to gain market share

24-Apr-2018 Intellasia | Nhip Song Kinh Te | 6:00 AM

The year 2017 continued to be the year when banks recorded huge profits along with positive growth rate. According to the National Financial Supervisory Commission (NFSC), [...]
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Experts: Banking sector to enjoy another strong year

24-Apr-2018 Intellasia | VNA | 6:00 AM

The banking sector will enjoy another strong year in 2018, experts told a seminar in HCM City this week. Speaking at Fiinpro Talk 6 on “Vietnamese banking stocks: [...]
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Corporate bonds heat up again

24-Apr-2018 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

Despite not booming like securities channel with strong primary and secondary trading throughout 2017 and continuous growth beyond expectation in the first three months of [...]
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M&A wave storms banks’ AGM season

24-Apr-2018 Intellasia | Bao Dau Tu | 6:00 AM

A series of bank share sales are being negotiated and at least three deals can be finalised in the first half of this year. Information about the deals will be more or less [...]
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Bank earnings to boost shares

24-Apr-2018 Intellasia | VNS | 6:00 AM

Bank stocks are expected to lead growth in the stock exchanges this week as investors could be inspired to press the “buy” button by supportive news arriving from [...]
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EMQ Partners with Leading Vietnam Bank to Boost Remittance Capabilities across Southeast Asia

21-Apr-2018 Intellasia | Business Wire | 6:00 AM

EMQ, a Fintech innovator with an extensive financial settlement network in Asia, and HDBank, one of Vietnam’s leading commercial banks, today announced a strategic [...]
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1,200 megawatt Vietnam coal plant gets funding, but Standard Chartered pulls out over climate policy conflict

21-Apr-2018 Intellasia | Eco-business. | 6:00 AM

The London-headquartered bank withdrew from the $1.87 billion coal-fired power plant’s financing consortium, but eight other banks, including Singapore’s OCBC and [...]
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Prudential Vietnam wins Golden Dragon Award

21-Apr-2018 Intellasia | VNA | 6:00 AM

Prudential Vietnam has been honoured as “Vietnam’s Leading Life Insurance Company” and the only insurance company in the “Top 10 foreign-invested [...]
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