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Category: FinanceSubscribe via RSS Feed

IBM, MOF complete budget management project

15-Aug-2014 Intellasia | VNS | 6:00 AM

US-based company IBM, on August 13, announced that the Ministry of Finance of Vietnam (MOF) and IBM have successfully completed the Treasury and Budget Management Information [...]
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VietinBank’s 7-month credit growth at 3.8pct

15-Aug-2014 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

As per Le Duc Tho, general director of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank, coded CTG), by the end of July, the bank’s credit growth [...]
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HSBC declared best foreign commercial bank in Vietnam for a record eight time by Financeasia

15-Aug-2014 Intellasia | Press Release | 6:00 AM

HSBC Bank (Vietnam) Ltd has been declared the Best Foreign Commercial Bank in Vietnam by FinanceAsia, one of Asia’s most highly regarded banking and finance [...]
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Government urged to finalise list of banned business sectors

14-Aug-2014 Intellasia | Saigontimes | 6:00 AM

The National Assembly (NA) Standing Committee has requested the government to complete a list of prohibited and conditional business sectors soon so that the legislative body [...]
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Bank credit as of July 31 up 3.68 pct vs end-2013

14-Aug-2014 Intellasia | Reuters | 6:00 AM

Vietnam’s banking system recorded a credit growth of 3.68 percent as of July 31 compared with end-2013, while money supply rose 7.36 percent, according to the central [...]
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MoF announces five conditional investment sectors for foreign investors

14-Aug-2014 Intellasia | Thanh Nien | 6:00 AM

As per the latest announcement from the Ministry of Finance (MoF) on business line portfolio, there are 20 conditional business sectors for investors in general such as [...]
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VPBank Securities honoured Advisory Firm of the Year 2014 Award

14-Aug-2014 Intellasia | VIR | 6:00 AM

The M&A Forum Vietnam 2014, held at HCM City’s White Palace Convention Centre on August 7, is an annual event on mergers & acquisitions and strategic business [...]
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Vinalines attempts to complete equitisation by early 2015

14-Aug-2014 Intellasia | TTXVN | 6:00 AM

Vietnam National Shipping Lines (Vinalines) and its affiliates are implementing the restructuring and equitisation and striving to complete by early 2015. In a recent talk [...]
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HSC estimates this year’s state budget deficit at 4.8pct of GDP

14-Aug-2014 Intellasia | HSC | 6:00 AM

The bulletin of HCM City Securities Co (HSC) cited statistics from general Statistical Office (GSO) as saying that in the first seven months of the year, the state budget [...]
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Banks racing for credit growth

14-Aug-2014 Intellasia | Chinhphu.vn | 6:00 AM

Interest rate cuts and preferential services are solutions offered by commercial banks to promote the credit growth in the context of the weak demand. Credit growth [...]
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Bad debt in city up

14-Aug-2014 Intellasia | Saigontimes | 6:00 AM

Bad debt at credit institutions in HCM City grew in the first months of this year and the irrecoverable loans accounted for a large proportion of total bad debt in the city, [...]
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SBV limits non-VND term deposits to local citizens

14-Aug-2014 Intellasia | VIR | 6:00 AM

In an effort to tighten management on foreign currency, on August 1 the State Bank of Vietnam issued Circular 16/2014/TT-NHNN regarding the use of current accounts in foreign [...]
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PTF post finance firm to separate from VNPT

14-Aug-2014 Intellasia | Thoi Bao Kinh Doanh | 6:00 AM

Minister of Information and Communications (MIC), Nguyen Bac Son, has asked Vietnam Posts and Telecommunications Group (VNPT) to perform the rearrangement of Post and [...]
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Banks’ settlement of debts hindered by asset regulations

14-Aug-2014 Intellasia | Vietnamnet | 6:00 AM

The regulation that banks cannot sell mortgaged assets below face value is the biggest barrier hindering debt settlement. Nguyen Quoc Hung, chair of the Vietnam Asset [...]
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Vietnam’s Two-Year Bonds Fall After Four-Week Rally Spurs Sales

14-Aug-2014 Intellasia | Bloomberg | 6:00 AM

Vietnam’s government bonds fell for a second day on speculation investors sold debt after the longest run of weekly gains since May. The two-year yield rose 12 basis [...]
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