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Category: FinanceSubscribe via RSS Feed

Banks’ messy cross-ownership resembles ‘bamboo shavings’

19-Aug-2017 Intellasia | Vietnamnet | 6:00 AM

The State Bank of Vietnam is determined to get rid of cross-ownership status at banks, but the achievements remain modest. Duong Cong Minh, former chair of LienVietPost Bank, [...]
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ADB increases trade finance to $75m for TPBank

19-Aug-2017 Intellasia | VNS | 6:00 AM

Tien Phong Commercial Joint-Stock Bank (TPBank) has received $45 million from the Asian Development Bank (ADB)’s Trade Finance Programme (TFP), bringing the total to [...]
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Reference exchange rate stays flat

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

The State Bank of Vietnam kept the daily reference VND/USD exchange rate on August 17 unchanged from the day before at 22,450 VND. With the current trading band of +/- 3 [...]
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Will deposit rates soon rise again?

18-Aug-2017 Intellasia | BizLive | 6:00 AM

In early 2017, as banks accelerated mobilisation to ensure compliance with Circular 06, the mobilisation internet rate level sharply rose by an average of 0.1-0.5 percent per [...]
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Local banks seek approval for rise in credit growth limit

18-Aug-2017 Intellasia | VOV | 6:00 AM

Many commercial banks in Vietnam requested the country’s central bank to expand their credit growth limit as they have nearly used up their assigned quota for the [...]
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‘The big 4′ plays crucial role in meeting this year credit growth target of 21-22pct

18-Aug-2017 Intellasia | Vneconomy | 6:00 AM

As Vneconomy mentioned in the previous article, the strong increase in credit growth target from 18 percent to 21-22 percent as suggested by the prime minister to support the [...]
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Roadmap approved to develop bond market

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

Outstanding debt in Vietnam’s bond market is targeted at 45 percent of total GDP in 2020 and about 65 percent of GDP in 2030, according to a recently approved roadmap [...]
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VPBank says will not sell FE Credit

18-Aug-2017 Intellasia | The Saigon Times | 6:00 AM

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will not sell its offshoot FE Credit in the coming years due to the significant contribution of the company to the [...]
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VPBank attracts $1.2b in pre-listing purchase offers

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

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will start listing 1.3 billion shares on the HCM Stock Exchange on Thursday, while having received $1.2 billion [...]
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VIB’s total assets increased more than 10pct in H1

18-Aug-2017 Intellasia | Tri Thuc Tre | 6:00 AM

Vietnam International Commercial Joint Stock Bank (coded VIB) has just released its semi-annual financial statement after auditing. Compared with the pre-review financial [...]
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LienVietPostBank’s 6-month profit reaches 911b dong

18-Aug-2017 Intellasia | BizLive | 6:00 AM

Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) has just released 2017′s mid-term financial statement. Accordingly, as of the end of June, the [...]
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Bao Long launches new health insurance product

17-Aug-2017 Intellasia | Vn Economic Times | 6:00 AM

Asia Care Plus Vietnam designed for foreign professionals, business leaders, and individuals with a special need for premium health insurance. Bao Long Insurance has launched [...]
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Reference exchange rate up by 6 VND

17-Aug-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam announced its reference VND/USD exchange rate on August 16 at 22,450 VND/USD, up by 6 VND from the day ago. With the current +/- 3 percent VND/USD [...]
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PM calls for 21pct credit growth

17-Aug-2017 Intellasia | VN Economic Times | 6:00 AM

Revised 2017 target would make a positive mark on GDP growth, PM tells government meeting. Prime minister Nguyen Xuan Phuc has called for an increase in credit growth to 21 [...]
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Soaring credit may cause strong fluctuations in liquidity

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

As per the report of the National Financial Supervisory Commission (NFSC), as of the end of July 2017, credit was estimated to increase 9.3 percent from the end of 2016 [...]
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