Category: Finance
Bank stocks lift VN Index up
Profit taking pressure kept rising on the local stock market today, August 16, but bank stocks were strong enough to send the VN Index of the Hochiminh Stock Exchange back [...]
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Foreign currency lending to be abolished
The government has set a target for reducing foreign currency mobilisation and ending foreign currency lending to fight dollarisation, news website Thanh Nien reported, [...]
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Golden opportunity for big banks to attract foreign capital
The prime minister has agreed to lower the state ownership at three major banks including Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank), Commercial [...]
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Mid-August auction raises 168 million USD from G-bonds
The Hanoi Stock Exchange (HNX) raised 3.91 trillion VND (168.5 million USD) at the latest auction of government bonds (G-bonds) issued by the State Treasury earlier this [...]
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LienVietPostBank reduces profit target
In the morning of 15th August, LienViet Post Joint Stock Commercial Bank (LienVietPostBank) officially announced the decision to adjust some targets of its business plan in [...]
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Banks reduce fees for customers’ benefits
Electronic banking (e-banking) is having more development opportunities than ever in Vietnam. However, e-banking popularisation still faces many barriers, including cost [...]
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Anti-dollarisation helps stabilise the exchange rate
In order to stabilise the foreign exchange market, and the exchange rate, anti-dollarisation must be implemented persistently, aiming at the final target to stop US dollar [...]
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Moody’s takes rating actions on VIB
Ratings agency Moody’s Investors Service has announced its ratings report on Vietnam International Bank, also known as VIB, and other local banks in Vietnam. [...]
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Reference exchange rate goes down
The daily reference exchange rate on August 17 was adjusted down 2 VND to 22,689 VND per USD from the previous day. With the current trading band of/- 3 percent, the ceiling [...]
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Vietnam finance ministry to slash half of business conditions
The decision is unprecedented not only to the Ministry of Finance, but also to other ministries and government agencies. As per the government’s request, the Vietnamese [...]
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Trina Solar secures $30 mn credit facility from VietinBank
Credit to be primarily used to fund and finance production and operations at Trina Solar’s plant in Vietnam. * Trina Solar provides modules to Vietnam’s largest [...]
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Samsung Pay to offer free money transfer service
Local customers can use a Samsung Pay card to conduct payment transactions and transfer money free of charge from early September, a representative of Samsung Vina [...]
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Vietnam strives to reduce cash payment proportion
The Vietnamese government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of [...]
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Overnight interest rate doubles to 4.42pct
Interest rates on the inter-bank market have surged strongly in the past week despite the central bank’s net injection of VND14.4 trillion (US$612.76 million). [...]
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Which Vietnamese banks can reach to the Asia market?
At the presence, there are only three Vietnam banks listed in the top 200 strongest banks. Recently, the prime minister approved the Development Strategy of the Vietnam [...]
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