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Category: FinanceSubscribe via RSS Feed

Vietnam’s Retail Banks Seek to Entice New Customers

02-Jul-2014 Intellasia | Vietnam-Briefing | 6:00 AM

For years, the main source of income for banks in Vietnam has come from lending to businesses, but increasingly many banks are making a large proportion of their revenues off [...]
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Vietinbank to sell 1.5tr dong bad debts to VAMC

02-Jul-2014 Intellasia | Thoi Bao Kinh Te Sai Gon | 6:00 AM

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank, coded CTG) is preparing to sell about 1.5 trillion dong book bad debts to Vietnam Asset Management Co [...]
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News laws shut the doors to foreign buyers of bad debt

02-Jul-2014 Intellasia | TBKTSG | 6:00 AM

Vietnam’s recently amended bankruptcy and real estate business laws are acting at cross-purposes with the country’s need to sell off its massive bad debts. The [...]
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Liquidity of collaterals to be increased since July 22

02-Jul-2014 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

From July 22, the Joint Circular No. 16/2014/TTLT-BTP-BTNMT-NHNN (Joint Circular) between the Ministry of Justice, Ministry of Natural Resources and Environment and the State [...]
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Lao Viet Bank to have more shareholders

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

From now until the end of 2014, the Laos-Vietnam Joint Venture Bank (Lao Viet Bank) will increase its capital to $80 million and will continue to increase it to $100 million [...]
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Exchange rate adjustment should be more flexible

01-Jul-2014 Intellasia | Bizhub | 6:00 AM

While saying the dong-US dollar exchange rate should not be floated during the next two years, experts suggested that the rate should become more flexible, within allowed [...]
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SHB to spend 664b dong to pay 2013 dividend on July 18

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

Saigon Hanoi Commercial Joint Stock Bank has informed the 2013 dividend payment. Accordingly, SHB will make the dividend payment in cash at 7.5 percent, equivalent to 750 [...]
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SEaBank funds $23.8m to Cat Bi International Airport

01-Jul-2014 Intellasia | Bizhub | 6:00 AM

Southeast Asia Commercial Joint Stock Bank (SeABank) agreed to lend $23.8 million for additional construction at Cat Bi International Airport in Hai Phong on June 25. Hai [...]
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WB pledges $2 billion for urban development

01-Jul-2014 Intellasia | Vietnamnet | 6:00 AM

WB country director for Vietnam Victoria Kwakwa disclosed the figure at an annual conference on the Vietnam Urban Forum (VUF) in Hanoi on June 27. Kwakwa – the [...]
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Credit growth expected to pick up in H2

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

Many credit packages with preferential interest rates have been brought in the market by banks. However, the credit balance only surpassed one percent. The credit target of [...]
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Over 30 per cent SMEs can’t get loans

01-Jul-2014 Intellasia | Bizhub | 6:00 AM

Around 33 per cent of domestic small and medium-sized enterprises (SMEs) can’t access commercial bank loans, the local press reported, citing SME Management Science [...]
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Bancassurances attain impressive revenue growth

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

The revenue growth of 120 percent in bancassurances over the same period last year as announced by Prudential or the target of 50 percent growth in Bao Viet Life Insurance is [...]
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Vietcombank tops number of ATM in Hanoi and HCM City

01-Jul-2014 Intellasia | DVO | 6:00 AM

Customers now tend to prefer to use services that they can manipulate by themselves without direct interaction with bank staff. The global retail banking survey 2014 launched [...]
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State Treasury raises 116.704tr dong of G-bonds after six months

01-Jul-2014 Intellasia | Chinhphu.vn | 6:00 AM

On June 26, 2014, Hanoi Stock Exchange (HNX) organised an auction of government-backed bond issued by the State Treasury. The auction had total offering volume of seven [...]
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Interbank average interest rate in dong surges for all terms

01-Jul-2014 Intellasia | DVO | 6:00 AM

After plummeting in the previous week, the interbank average interest rate in dong in week between June 16 and 20 surged in all terms. The State Bank of Vietnam (SBV) has [...]
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