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Category: FinanceSubscribe via RSS Feed

Govt moves to enforce resolution on bad debt

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

Prime minister Nguyen Xuan Phuc on Wednesday took action so that the National Assembly’s (NA) new resolution on bad debt settlement could be applied from August 15. The [...]
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SBV issues bills to shore forex reserves

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

The State Bank of Vietnam (SBV) unexpectedly resumed the issue of central bank bills worth 8 trillion VND (350.9 million USD) this week, a move aimed at increasing the [...]
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How to mobilise US dollars?

22-Jul-2017 Intellasia | Nguoi Lao Dong | 6:00 AM

Although the prime minister has mentioned three times the issue of mobilising foreign currencies from the people, in the working session with the government’s Working [...]
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UOB receives in-principle licence for Vietnamese subsidiary

22-Jul-2017 Intellasia | VIR | 6:00 AM

Singapore’s United Overseas Bank has received the in-principle licence from the State Bank in Vietnam to open a subsidiary in the country. The bank will become the [...]
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Foreign investor undergoing comprehensive review to acquire OceanBank

22-Jul-2017 Intellasia | VietnamFinance | 6:00 AM

Foreign investor is in the second stage of a comprehensive review for Ocean Bank, said Bui Huy Tho, director of the Department of Credit Institution and Banking Operation [...]
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Reference exchange rate stays flat on July 20

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

The State Bank of Vietnam kept the daily reference exchange rate for VND/USD on July 20 unchanged from the previous day at 22,433 VND. With the current trading band of +/- 3 [...]
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SBV hiking foreign reserves

21-Jul-2017 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam (SBV) unexpectedly resumed the issue of central bank bills worth VND8 trillion (US$350.9 million) this week, a move aimed at increasing the [...]
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Governor says credit growth target at 18-20pct obtainable

21-Jul-2017 Intellasia | The Saigon Times | 6:00 AM

The banking sector is likely to obtain credit growth rate at 18-20 percent this year as requested by the government thanks to rate cut policies, said Governor of the State [...]
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PM asks SBV to restrict funds for tycoons

21-Jul-2017 Intellasia | The Saigon Times | 6:00 AM

Prime minister Nguyen Xuan Phuc has asked the State Bank of Vietnam to map out solutions to restrict the credit flow into tycoons so as to have more funds for smaller [...]
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PM pushes SBV to achieve robust growth target

21-Jul-2017 Intellasia | VNS | 6:00 AM

Prime minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates. The [...]
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Banking M&A ‘warms up’ after remaining ‘quiet’ for over a year

21-Jul-2017 Intellasia | Bao Dau Tu | 6:00 AM

A number of small-scale bank M&A deals that have taken place from the beginning of this year have proven the resilient sign of the bank’s M&A market. *Domestic [...]
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Vietnam to have more wholly foreign-owned bank

21-Jul-2017 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam (SBV)’s Governor Le Minh Hung on Wednesday gave approval in principle to the Singapore’s United Overseas Bank Limited (UOB) to open a [...]
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VPBank files for listing on HoSE, becoming the largest private bank on the stock market

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

In the afternoon of July 18th, the Hochiminh city Stock Exchange (HoSE) announced that it has received the registration documents for listing shares of the Vietnam Prosperity [...]
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Reference exchange rate down 3 VND

20-Jul-2017 Intellasia | Vietbao | 6:00 AM

The State Bank of Vietnam (SBV) announced the daily reference exchange rate for VND/USD on July 19th 2017 at 22,433 VND per USD, slightly down by 3 VND compared to July 18th [...]
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VIB’s total assets surge 10pct in H1

20-Jul-2017 Intellasia | VNS | 6:00 AM

Vietnam International Bank (VIB)’s total assets witnessed a year-on-year increase of 10 per cent to VND115 trillion (over $5 billion) in the first half of this year. [...]
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