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Category: FinanceSubscribe via RSS Feed

Foreign investors might have to pay for Vietnam’s bank share purchase within 30 days

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

Within 30 days since being approved to buy shares of Vietnam credit organisations, foreign investors must transfer enough the money to an indirect investment account in VND [...]
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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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New State Bank regulations get tough on ‘tycoons’ exceeding their share limit

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

As the State Bank of Vietnam (SBV) has threatened to impose stiff fines or punishment on bank shareholders who have share proportions higher than the allowed levels, many [...]
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Hanwha Life Vietnam to increase charter capital

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

Hanwha Life Vietnam is going to increase its charter capital in Vietnam to nearly VND1.9 trillion or $103 million – making it one of the top three life insurers in the [...]
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Credit grows 1.22pct within last five days of Jun

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

In the morning July 9, the State Bank of Vietnam (SBV) organised a meeting to summarise the monetary policy management and banking operations in the first six months of the [...]
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