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Category: FinanceSubscribe via RSS Feed

Bank stocks lift VN Index up

18-Aug-2018 Intellasia | The Saigon Times | 6:14 AM

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

18-Aug-2018 Intellasia | The Saigon Times | 6:14 AM

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

18-Aug-2018 Intellasia | Dien Dan Doanh Nghiep | 6:14 AM

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

18-Aug-2018 Intellasia | VNA | 6:14 AM

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

18-Aug-2018 Intellasia | InfoMoney | 6:14 AM

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

18-Aug-2018 Intellasia | InfoMoney | 6:14 AM

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

18-Aug-2018 Intellasia | InfoMoney | 6:14 AM

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

18-Aug-2018 Intellasia | VNS | 6:14 AM

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

18-Aug-2018 Intellasia | VNA | 6:14 AM

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

18-Aug-2018 Intellasia | Hanoi Times | 6:14 AM

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

17-Aug-2018 Intellasia | VN Economic Times | 6:27 AM

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

17-Aug-2018 Intellasia | The Saigon Times | 6:27 AM

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

17-Aug-2018 Intellasia | VNA | 6:27 AM

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

17-Aug-2018 Intellasia | VNS | 6:27 AM

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?

17-Aug-2018 Intellasia | Tri Thuc Tre | 6:27 AM

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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