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Category: FinanceSubscribe via RSS Feed

Reference exchange rate revised down 10 VND

09-Feb-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam on February 8 set the reference exchange rate at 22,435 VND/USD, down 10 VND from the previous day. With the current trade band of +/- 3 percent, [...]
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Customers interested in consumer loans paid by instalments

09-Feb-2018 Intellasia | DTCK | 6:00 AM

In the last few months, most electronics, motorbike and furniture centers across the country recorded increasingly high number of customers who tend to purchase goods in the [...]
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Bad debts fall in 2017

09-Feb-2018 Intellasia | BizLive | 6:00 AM

According to a recent assessment of the National Financial Supervisory Commission (NFSC), the quality of assets of the credit institution (CI) system has been improved. In [...]
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Insurance market to benefit from foreign investors’ participation

09-Feb-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Bao Viet Securities Company (BVSC) has just released a report on insurance sector. Accordingly, BVSC supposes that new products will be developed further. The number of life [...]
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Eximbank’s profit up 160pct in 2017

09-Feb-2018 Intellasia | VNS | 6:00 AM

Vietnam’s Export Import Commercial Joint Stock Bank (Eximbank) posted a pre-tax profit of VND1.017 trillion (US$44.6 million) last year. This marked a year-on-year [...]
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Techcombank surpasses Vietcombank to have most efficient staff

09-Feb-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Near the end of the Lunar Year, the market focused attention on information related to profits as well as huge bonus and salary of the banking sector. Some banks said they [...]
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SeaBank acquires Post and Telecommunication Finance Co., Ltd

09-Feb-2018 Intellasia | VIR | 6:00 AM

Despite being in the red, Post and Telecommunication Finance Co., Ltd (PTF) has just been successfully auctioned at the initial price of VND500 billion ($220 million). [...]
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Retail, service fees to be the main driver of bank income in 2018

08-Feb-2018 Intellasia | DTCK | 6:00 AM

Capital group and large corporate customer group are the pride of banks for their big revenue contribution. However, data show that the situation has changed. Retail lending [...]
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Reference exchange rate down 5 VND

08-Feb-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set its reference VND/USD exchange rate at 22,426 VND/USD on the morning of February 2, down by 5 VND from the day ago. With the current/- 3 percent [...]
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Bank shares to differentiate strongly in prices this year

08-Feb-2018 Intellasia | DTCK | 6:00 AM

With positive profit picture in this year and banks’ clearer wave of listing, “King” shares are expected to gradually increase. Especially, banks have had [...]
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15 banks recruit more than 20,000 people in 2017

08-Feb-2018 Intellasia | Tri Thuc Tre | 6:00 AM

At the end of 2017, banks raced to announce business results with impressive profit figures. Many banks reported record high profit which exceeded the annual plan from tens [...]
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PGBank approved to increase charter capital to 3.165 trillion dong

08-Feb-2018 Intellasia | Tri Thuc Tre | 6:00 AM

On January 31st 2018, Governor of the State Bank of Vietnam (SBV) issued a document on the increase of charter capital of Petrolimex Group Commercial Joint Stock Bank [...]
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TPBank limits ownership rate of foreign shareholders at 24.9pct

08-Feb-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Tien Phong Joint Stock Commercial Bank (TPBank) has announced about the ownership rate for foreign investors in this bank. Specifically, the Bank’s Board of directors [...]
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Foreign investors pour $77.6 million into property sector in Jan

07-Feb-2018 Intellasia | The Saigon Times | 6:00 AM

Foreign investors pledged around $77.6 million into the real estate sector, accounting for 6.2 percent of the newly registered foreign investments in January, the Vietnam [...]
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State audit finds land mismanagement worth $368.8m

07-Feb-2018 Intellasia | VNS | 6:00 AM

Audits by the State have found serious mismanagement of urban land worth more than VND8.3 trillion (US$368.8 million) at seven localities between 2013 and 2016. According to [...]
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