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Sacombank posts 1.531tr dong pre tax profit in H1/2014

18-Jul-2014 Intellasia | VnEconomy | 6:00 AM

Ending the first half of the year, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB) reported gaining total assets of 177.508 trillion dong, rising 10.8 percent [...]
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First Bitcoin floor in Vietnam opens as officials pledge to shut it down

18-Jul-2014 Intellasia | Thanhnien News | 6:00 AM

A private company launched Vietnam’s first Bitcoin exchange despite pledges from central government officials to shut it down and jail its operators. HCM City-based [...]
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SGI to introduce guarantee insurance in Vietnam

18-Jul-2014 Intellasia | Korea Times | 6:00 AM

Seoul Guarantee Insurance (SGI) said it will introduce guarantee insurance products to the Vietnamese market in a few months’ time. The country’s top guarantee [...]
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BIDV transfers entire stake in VPB to Malaysia’s Public Bank Berhad

18-Jul-2014 Intellasia | VNA | 6:00 AM

On July 15, the Bank for Investment and Development of Vietnam (BIDV) signed a contract to transfer its entire equity capital (50 percent) in VID Public Bank (VPB) to [...]
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Foreign partners care more about long-term growth strategy when investing in Vietnam banks

17-Jul-2014 Intellasia | Bao Dau Tu | 6:00 AM

In his talk with reporters of the local Newswire Bao Dau Tu (or Vietnam Investment Review) recently, Don Lam, CEO of VinaCapital says that, foreign investors that VinaCapital [...]
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Commercial banks do not want SBV to reduce interest rates further

17-Jul-2014 Intellasia | Vneconomy | 6:00 AM

By this time of many years ago, many banks were scrambling to show profits. But the credit growth in the first six months of 2014 was 3.52 percent only so banks cautiously [...]
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VPBank Approved to Add Activities

17-Jul-2014 Intellasia | StoxPlus | 6:00 AM

The State Bank of Vietnam (SBV) on July 14, 2014 issued Decision 1386/QD-NNNN approving the addition of activities in the operating license of Vietnam Prosperity Joint Stock [...]
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DongA Bank Approved to Add Activities

17-Jul-2014 Intellasia | StoxPlus | 6:00 AM

The State Bank of Vietnam (SBV) on July 14, 2014 issued Decision 1384/QD-NNNN approving the addition of activities in the operating license of Dong A Joint Stock Commercial [...]
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Vietinbank gives $7.6m for FDI project

17-Jul-2014 Intellasia | VNS | 6:00 AM

The Vietinbank branch in the southern Binh Duong Province and the Medochemie Far East Company Ltd signed a $7.6 million credit contract on Monday. According to the agreement, [...]
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Vietcombank to have additional 15,000 customers in 18 provinces

17-Jul-2014 Intellasia | Thanh nien | 6:00 AM

This is part of a cooperation agreement to carry out electronic tax payment service between the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the [...]
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Rising bad debts may undermine Vietnam’s banks, says S&P

17-Jul-2014 Intellasia | The Star | 6:00 AM

Standard & Poor’s Ratings Services has cautioned that Vietnamese banks are facing heightened asset quality risk as companies find it difficult to repay loans in a [...]
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Malaysia’s Public Bank to buy stake of Vietnam’s BIDV in joint venture lender

17-Jul-2014 Intellasia | Reuters | 6:00 AM

Malaysia’s Public Bank Bhd has agreed to buy from Vietnamese lender BIDV its stake in their $62.6 million Vietnam-based joint venture, BIDV said on Tuesday. [...]
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Besra Gold approves $14.25M funding to restore Vietnam gold production

17-Jul-2014 Intellasia | Proactive Investors | 6:00 AM

Besra Gold’s (ASX:BEZ, TSE:BEZ) board has approved a $14.25 million subscription agreement from Victory Corporation Group (VCG) that includes a gold sale agreement. [...]
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70pct of inward remittances flowing into manufacturing-business sector

17-Jul-2014 Intellasia | Dau Tu Chung Khoan | 6:00 AM

According to the statistics of the State Bank of Vietnam, HCM City branch, in the first six months of this year, about 70 percent of remittances still flow into the [...]
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HCM City to issue $142.8m in bonds

17-Jul-2014 Intellasia | VNS | 6:00 AM

HCM City People’s Committee is planning to issue bonds worth VND3 trillion (US$142.8 million) in 2014 to supplement the budget for development projects in the city. The [...]
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