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Category: FinanceSubscribe via RSS Feed

Banks cancel plans to increase chartered capital

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

Many commercial banks had announced that they were going to issue more shares to increase chartered capital. Viet A Bank, Nam A Bank, Saigon Bank and OCB revealed they would [...]
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Banks join hands to connect builders

14-Jun-2014 Intellasia | Bizhub | 6:00 AM

Eight banks, on Wednesday, signed agreements to provide services that help link subjects involved in construction and traffic development. The banks are BIDV, Agribank, [...]
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Banks expect credit growth from FDI firms

14-Jun-2014 Intellasia | Dau Tu Chung Khoan | 6:00 AM

The growth of companies, especially the group of foreign direct investment (FDI) firms requires the capital demand increasingly. Banks’ credit is being improved more [...]
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Vietnam banks find ways to approach ‘netisens’

14-Jun-2014 Intellasia | BizLive | 6:00 AM

In recent years, most banks in Vietnam have determined to develop the retail banking model. Despite going behind, Vietnam banks have tried to find ways to narrow the gap with [...]
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PJICO compensates riot-hit Singaporean firm

13-Jun-2014 Intellasia | Bizhub | 6:00 AM

Petrolimex Joint Stock Insurance Corporation (PJICO) has compensated Chutex Vietnam Co Ltd in southern Binh Duong Province with VND20 billion, or around $952,400. The [...]
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Vietnam’s current account balance still in surplus

13-Jun-2014 Intellasia | Tien Phong | 6:00 AM

The State Bank of Vietnam (SBV)’s governor Nguyen Van Binh has said that after the dispute caused by China’s oil drilling rig illegally entering the [...]
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Business struggling with bank debts

13-Jun-2014 Intellasia | Thoi Bao Kinh Te Saigon | 6:00 AM

The credit growth of the whole banking system as of May 22, 2014 was merely 1.31 percent from the end of last year, why? The annual general meeting (AGM) of Truong Thanh [...]
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Commercial banks are indifferent to SBV refinancing

13-Jun-2014 Intellasia | DNSG | 6:00 AM

Surprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds. In principle, the commercial banks which sell [...]
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Banks unexpectedly en mass lower saving rate to nearly 5pct/yr

13-Jun-2014 Intellasia | Infonet | 6:00 AM

The deposit rate benchmark is being adjusted down by banks. The lowest rate for one-month term deposit in dong at a giant bank is now only 5.1 percent per year. On June 9, [...]
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State-funded organisations only allowed to use cash in four cases

13-Jun-2014 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

The State Bank of Vietnam (SBV) is taking comments on a draft Circular on the cash payment of state-funded organisations in Vietnam. The central bank said that the Circular [...]
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Agribank to support 100pct interest rate for agriculture loans

13-Jun-2014 Intellasia | Dau Tu Chung Khoan | 6:00 AM

Vietnam Bank for Agriculture and Rural Development (Agribank) has recently launched a lending programme with the lowest rate to serve agriculture and rural area. Accordingly, [...]
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Banks saying no to dividend

13-Jun-2014 Intellasia | Dau Tu Chung Khoan | 6:00 AM

The significant decrease in profit in the past year and the forecast that banking operations this year to continue having difficulties are the reasons making banks say [...]
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Agribank’s top leaders appointed

13-Jun-2014 Intellasia | Saigon Times Daily | 6:00 AM

Top leaders have been approved by the central bank for Vietnam Bank for Agriculture and Rural Development (Agribank), the largest bank in Vietnam in terms of capital, assets [...]
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Vietnam faces pressure to repay its short-term loans

13-Jun-2014 Intellasia | Thanhnien News | 6:00 AM

Despite keeping public debts at safe levels, Vietnam faces major pressure in seeking new loans to repay old ones in the coming years, said minister of Finance Dinh Tien Dung. [...]
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Establishment license of Shinhan Bank – HCM City branch revoked

13-Jun-2014 Intellasia | Gafin.vn | 6:00 AM

On June 6, 2014, the State Bank of Vietnam (SBV) issued Decision No. 1151/QD-NHNN on establishment license revocation of Shinhan Bank – HCM City branch. Accordingly, [...]
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