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Category: FinanceSubscribe via RSS Feed

Reference exchange rate down 7 VND on January 10

11-Jan-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,166 VND/USD on January 10, down 7 VND from the previous day. With the current trading band of +/-3 [...]
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US Development Finance eyes to invest in Vietnamese

11-Jan-2020 Intellasia | HanoiTimes | 6:02 AM

US Development Finance Corporation is committed to investing in Vietnam, particularly in energy, healthcare and infrastructure development. With around $60 billion under [...]
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Lending to real estate slows down

11-Jan-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

At the press conference on January 6th, Nguyen Quoc Hung, director of Credit Department, State Bank of Vietnam (SBV) said that the credit growth for real estate sector in [...]
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Monetary policy continues in 2020

11-Jan-2020 Intellasia | Thoi bao Ngan hang | 6:02 AM

On January 6, at the launch of Vietnam Macroeconomic Report and Analysis of Banking University of HCM City, Nguyen Tu Anh, director of general Economics Department, Central [...]
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Government backs capital hike plans for four State-owned banks

11-Jan-2020 Intellasia | VNS | 6:02 AM

The government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Vietnam (SBV) Le Minh Hung. These four [...]
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BIDV reports a record profit of nearly 10.8tr dong in 2019

11-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

On the afternoon of January 8, 2019, the Bank for Investment and Development of Vietnam (BIDVBID) held a conference to review the activities in 2019 and deploy the business [...]
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Vietnamese, Japanese governments sign Exchange of Note

11-Jan-2020 Intellasia | ChinhPhu | 6:02 AM

The signing ceremony of Exchange of Note between the government of Vietnam and the government of Japan for non-project hardware supply for government’s information [...]
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Winners to take it all in e-wallet fight

11-Jan-2020 Intellasia | VNS | 6:02 AM

An economics expert has said e-wallet firms are breaking out promotions to try and win large chunks of the high potential market in Vietnam. Banking expert Nguyen Tri Hieu [...]
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Small and individual customers create a strong profit for banks

11-Jan-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

The target of credit growth in the whole industry, which is still maintained at a low level and following the roadmap to reduce the short-term capital for medium and [...]
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SeABank report claims profit more than double over 2018

10-Jan-2020 Intellasia | VNS | 6:02 AM

Southeast Asia Commercial Joint Stock Bank (SeABank) released a performance report for 2019 in which the bank yields VND1.39 trillion (US$60 million) in profit before tax, an [...]
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PM Phuc receives US Development Finance Corporation head

10-Jan-2020 Intellasia | VNA | 6:02 AM

At a reception in Hanoi on January 8 for visiting first CEO of the US International Development Finance Corporation (DFC) Adam Boehler, prime minister Nguyen Xuan Phuc [...]
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Remittances to HCM City hit $5.3 billion during 2019

10-Jan-2020 Intellasia | VOV | 6:02 AM

Of all the nation’s localities, HCM City attracted the largest amount of remittances last year with $5.3 billion, representing an increase of 12 per cent compared to [...]
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OCB’s business operation before selling capital to foreign partner

10-Jan-2020 Intellasia | Vietnam Finance | 6:02 AM

Not only big banks like Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank), Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV) [...]
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VietinBank needs to raise capital to meet Basel II

10-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

Le Duc Tho, Chair of VietinBank said that VietinBank had fully met the requirements of Basel II standards on governance structure, processes, internal control regulations, [...]
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Experts discuss finance, banking and accounting

10-Jan-2020 Intellasia | VN EconomicTimes | 6:02 AM

More than 100 experts attend CIFBA 2020 workshop in Hanoi. More than 100 experts discussed contemporary issues in finance, banking and accounting at the “Contemporary [...]
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