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Category: FinanceSubscribe via RSS Feed

Sacombank to use loan origination system

13-Jan-2018 Intellasia | The Saigon Times | 6:00 AM

Saigon Thuong Tin Commercial Bank (Sacombank) clinched a deal on January 10 with a foreign consortium comprising Aurionpro Solutions and Integro Technologies to carry out the [...]
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EIB okays new loan for metro line project in Hanoi

13-Jan-2018 Intellasia | The Saigon Times | 6:00 AM

The European Investment Bank (EIB) will offer a loan of 143 million euros (US$171.4 million) for a project to develop metro line No. 3 in Hanoi City, connecting Hanoi Station [...]
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First bank reduces loan interest rates in 2018

12-Jan-2018 Intellasia | VNA | 6:00 AM

Vietcombank said it will continue reducing its loan interest rates for five groups of prioritised borrowers in 2018 in accordance with Circular No. 39/2016/TT-NHNN dated [...]
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Reference exchange rate donw 12 dong

12-Jan-2018 Intellasia | Viet Bao | 6:00 AM

The State Bank of Vietnam (SBV) set the daily reference dong/US dollar exchange rate for January 11 at 22,413 dong/US dollar, down 12 dong from yesterday. The opening hour [...]
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Why only about 7pct of Vietnamese have insurance?

12-Jan-2018 Intellasia | DTCK | 6:00 AM

This question was raised by a general director of an insurance company who has years of experience in the industry. In a recent discussion, he also raised another question [...]
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Friends for life: Vietnam insurance demand rises

12-Jan-2018 Intellasia | VIR | 6:00 AM

Life insurers are gearing up for a busy year ahead as the market for insurance products in Vietnam is expected to boom in the near future. 2018 is slated to be a promising [...]
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MatchMove to provide digital payment solutions in VN

12-Jan-2018 Intellasia | VNS | 6:00 AM

MatchMove, one of Asia’s leading mobile and digital payment companies, will focus on digitising payments across sectors in the country, such as gaming, tourism, digital [...]
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Agribank’s pre-tax profit touches $220 million in 2017

12-Jan-2018 Intellasia | VNS | 6:00 AM

Vietnam Bank for Agriculture and Rural Development (Agribank) reported a pre-tax profit of more than VND5 trillion (US$220 million) in 2017, posting an increase of 20 per [...]
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SeABank honoured for most trusted savings product

12-Jan-2018 Intellasia | VNA | 6:00 AM

The Southeast Asia Commercial Joint Stock Bank (SeABank) has been listed in top 100 quality products and services which are trusted and used by consumers for the title of the [...]
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Bank tycoon tearful in court

12-Jan-2018 Intellasia | VN Economic Times | 6:00 AM

Third day of major banking trial sees accused banker downplay his role in fraud. The third day of the trial of 46 banking executives and staff accused of violating economic [...]
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Vietnam’s forex reserves exceed $53b

12-Jan-2018 Intellasia | Vneconomy | 6:00 AM

Vietnam’s forex reserve scale continues to set a new record right from the beginning of this year, according to information presented at the conference on [...]
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Banks cut interest on priority sector loans

12-Jan-2018 Intellasia | VNS | 6:00 AM

The Bank for Foreign Trade of Vietnam (Vietcombank) and the Agriculture and Rural Development Bank of Vietnam (Agribank) announced on Wednesrday that they would cut interest [...]
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Vietnamese PM asks banking sector to cut interest rates to spur economic growth

12-Jan-2018 Intellasia | Vnexpress | 6:00 AM

The banking sector should slash lending interest rates by 0.5 percentage points this year, said prime minister Nguyen Xuan Phuc. Vietnamese prime minister Nguyen Xuan Phuc [...]
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Cash withdrawal ratio reduced to 10pct by end of 2017

12-Jan-2018 Intellasia | VNS | 6:00 AM

Vietnam saw a decline in cash withdrawals for the third consecutive year in 2017, with the rate reducing from 15 per cent in 2016 to 10 per cent in 2017, reports from the [...]
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SBV warns 15 banks against risky lending

12-Jan-2018 Intellasia | The Saigon Times | 6:00 AM

The State Bank of Vietnam (SBV) has issued warnings to 15 commercial banks as they have offered too much credit for some high-risk sectors, news website Dan Tri quoted SBV [...]
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