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Category: FinanceSubscribe via RSS Feed

Improved external position keeps dong stable: ANZ

11-Mar-2014 Intellasia | Biz Hub | 6:00 AM

Vietnam’s sustained improvement in the external position is keeping the dong stable, according to an ANZ economic update released on March 6. In the first two months, [...]
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SBV Net Withdraws 3tr dong on March 07

11-Mar-2014 Intellasia | StoxPlus | 6:00 AM

The State Bank of Vietnam (SBV) net withdrew VND3,000 billion on March 07, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped no [...]
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March 10: Vietnam Central Bank Keeps Dollar Exchange at 21,036 dong

11-Mar-2014 Intellasia | StoxPlus | 6:00 AM

Vietnam’s Central bank set the US dollar’s exchange rate at VND21,036 on Monday, unchanged for more than 8 months. Commercial banks are allowed to apply effective [...]
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VBSP Sells 500b dong Bonds on March 07; Yields Down

11-Mar-2014 Intellasia | StoxPlus | 6:00 AM

The Vietnam Bank for Social Policies (VBSP) on March 07, 2014 sold VND500 billion government-backed bonds out of VND1 trillion auctioned at the Hanoi Stock Exchange (HNX) at [...]
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Dai-ichi Life VN gets fund manager license

11-Mar-2014 Intellasia | Saigon Times Daily | 6:00 AM

Dai-ichi Life Vietnam received an establishment license for its fund management company, Dai-ichi Life Vietnam Fund Management Company Limited (DFVN), in Japan on Wednesday. [...]
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Former bank director to go on trial

11-Mar-2014 Intellasia | Biz Hub | 6:00 AM

The trial of former director of the Vietnam Development Bank (VDB) in the DakLak-Dak Nong region Vu Viet Hung is set to begin on March 11. He and his accomplices are accused [...]
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Credit growth remains modest

11-Mar-2014 Intellasia | VNS | 6:00 AM

Despite banks’ efforts to lower lending interest rates, credit growth in HCM City remained at a modest 1 per cent in February, according to the State Bank of Vietnam. [...]
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Sacombank plans to merge with Phuong Nam Bank

11-Mar-2014 Intellasia | Tuoi Tre News | 6:00 AM

HCM City-based Sacombank has developed a plan to merge with Phuong Nam (Southern) Bank and will seek approval from its shareholders at a meeting later this month. In 2013, [...]
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Highest values for customers

11-Mar-2014 Intellasia | Saigon Times Daily | 6:00 AM

The retail banking market in Vietnam has been extremely competitive among more than 100 credit institutions. Therefore, banks must provide customers with the highest value [...]
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Only VietinBank allowed to sell more than 35pct state capital

11-Mar-2014 Intellasia | Infonet | 6:00 AM

Commercial joint stock banks are asked to maintain the state holding ratio at no lower than 65 percent of chartered capital, except Vietnam Commercial Joint Stock Bank for [...]
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Banking sector forecasted to see significant changes in senior leaders

11-Mar-2014 Intellasia | Thoi Bao Kinh Te Saigon | 6:00 AM

Experiencing an unfavourable business year like the year 2013 and cross-ownership relationships have not been softened, the shareholders’ meetings of some banks this [...]
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OceanBank lending at 8.5pct/yr

11-Mar-2014 Intellasia | NDH | 6:00 AM

To support business households’ needs of capital at the maximum, Ocean Commercial Joint Stock Bank (Ocean Bank) is launching a short-term lending programme with [...]
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SBV Revokes Operating Licenses of ANZ Bank – HCM City Sub-Branch

11-Mar-2014 Intellasia | StoxPlus | 6:00 AM

On March 06, 2014, the Governor of the State Bank of Vietnam (SBV) issued Decision No. 429/QD-NHNN on revoking operation license ANZ Bank – HCM City (HCM City) [...]
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Vietnam’s Sacombank, Phuong Nam Bank plan merger-newspaper

10-Mar-2014 Intellasia | Reuters | 6:00 AM

Vietnam’s Sacombank could merge with Phuong Nam Bank(Southern Bank), 20 percent owned by Singapore’s United Overseas Bank, if the plan is approved by shareholders [...]
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Sacombank-Southern Bank merging plan to get going

08-Mar-2014 Intellasia | Saigon Times Daily | 6:00 AM

Saigon Thuong Tin Commercial Bank, or Sacombank, is going to submit to the State Bank of Vietnam the project on merging the bank with Southern Commercial Bank, said Sacombank [...]
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