Category: Finance
Banks announce capital packages for real estate sector
Following the direction of government to inject 20-40 trillion dong low cost capital into social housing to increase demand in this segment, commercial banks had provided [...]
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Vietnam VIB Changes general director
The Vietnam International Bank (VIB) announced that its general director Duong Thi Mai Hoa decided to leave the post for personal reasons, the local newswire Gafin.vn [...]
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JPMorgan forecasts Vietnam may cut interest rates by 2pct
As forecasted by JPMorgan Chase Bank, the State Bank of Vietnam (SBV) may cut the interest rates strongly by 2 percent. However, the cuts will not be carried out together. [...]
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SBV buys nearly $750m via VietinBank’s M&A deal
The amount of $743 million cash, which Japanese partner paid for the deal to buy shares of Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG), was [...]
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Vietinbank shareholders approve strategic partner
Vietinbank (CTG) approved the selection of the Bank of Tokyo-Mitsubishi UFJ as its foreign strategic partner at an extraordinary shareholder meeting yesterday in Hanoi. More [...]
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MB spares 1tr dong to lend to SMEs
Military Commercial Joint Stock Bank (MB) said that it will deploy the minimum credit package of one trillion dong at a minimum interest rate of 9.99 percent per year for [...]
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SBV signs gold bullion processing contract with SJC
On February 26, the State Bank of Vietnam (SBV) coordinated with HCM City People’s Committee, the chaired unit of Saigon Jewellery Company Limited (SJC) and SJC to sign [...]
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SJC Can Process 3 Tons of Gold A Day, Chair Says
The Saigon Jewellery Company Limited (SJC) can process 80,000 taels or around 3 tonnes of gold bars per day, the local newswire Gafin.vn reported, quoting chair Le Hung Dung, [...]
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HSBC becomes first bank to offer the bank’s own structured deposit product in Vietnam
HSBC Bank (Vietnam) Ltd (HSBC Vietnam) has announced the launch of a new wealth management product that will safeguard customers’ savings while maximising potential [...]
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International ‘gold swap’ to be completed next month
The temporary export of gold bars of non-SJC brands and re-import of solid gold is proceeding well and will be officially completed on March 10, said an official of the State [...]
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Vietnam Central Bank to Hold Experimental Auction for Gold Bars This Week
The State Bank of Vietnam (SBV) will carry out an experimental auction to sell gold bars late this week, the news provider VnExpress.net reported. The experimental auction is [...]
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Vietnam Treasury Sells 92.75pct of Offered government Bonds on February 26
The State Treasury of Vietnam sold VND8.348 trillion worth of government bonds or 92.75 percent of the offered value, at the yield of 8.3-9.3 percent per annum in an auction [...]
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Draft Decree makes mandatory for foreign strategic partners to have total assets of over $20b
Foreign strategic shareholder in local bank must have minimum total assets of $20 billion. If foreign investors want to become strategic partners with Vietnamese credit [...]
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SBV to inject 20tr dong for home loans
SBV would inject 20-24 trillion dong for home loans with lower interest rate. This support would be applied to houses which had area less than 70 square meters and price not [...]
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Provision erodes bank’s Q4/2012 profit
In the 4th quarter only, credit risk provision of Techcombank, Sacombank and Military Bank was larger than the total provision of the first 3 quarters. Banks had public their [...]
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