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Category: FinanceSubscribe via RSS Feed

Chubb Life Vietnam received Certificate of Merit from prime minister

27-May-2020 Intellasia | VNS | 6:02 AM

Chubb Life Vietnam received the Certificate of Merit from Vietnam’s prime minister for its achievements in the insurance industry and significant contributions to the [...]
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Vietnamese banks see changes in market share

27-May-2020 Intellasia | BizLIVE | 6:02 AM

In the first quarter (Q1) of 2020, the market share of the Big 4 banks (including Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank), Commercial Joint [...]
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Dividends and business plan, the most concerned issues at banks’ shareholder meeting

27-May-2020 Intellasia | Thoi bao Ngan hang | 6:02 AM

On May 22, Vietnam Maritime Joint Stock Commercial Bank (MSB) was the first bank that held the general Meeting of Shareholders (GMS). After that, the GMS of Vietnam Joint [...]
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VPBank to drop foreign ownership limit from 23 to 15 per cent

27-May-2020 Intellasia | VIR | 6:02 AM

At its recent annual shareholders’ meeting, the Board of directors of VPBank signalled that it would reduce its foreign ownership limit in the near future. Accordingly, [...]
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Interbank rates fall sharply

27-May-2020 Intellasia | NDH | 6:02 AM

The Research centre of Saigon Securities Incorporation (SSI Research) has released the report on the monetary market in the week of May 18th to 22nd. The State Bank of [...]
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Korea Kookmin injects $100 million in Vietnam branches

27-May-2020 Intellasia | Hanoi Times | 6:02 AM

Kookmin Bank’s decision to raise its branches’ registered capital in just a short period of time indicates the bank is optimistic about business prospects in [...]
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Reference exchange rate goes up on May 26

27-May-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,270 VND per USD on May 26, up 13 VND from the previous day. With the current trading band of +/-3 [...]
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Reference exchange rate up 15 VND at week’s beginning

26-May-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,257 VND per USD on May 25, up 15 VND from the last working day of previous week (May 22). With the [...]
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Interest rate cuts seem not to be sustainable

26-May-2020 Intellasia | Vietnam Finance | 6:02 AM

Since the beginning of the year, the State Bank of Vietnam (SBV) had lowered interest rates twice, including refinancing rates, rediscounting rates, ceiling interest rates [...]
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Banks cut interest rates for borrowers affected by COVID-19

26-May-2020 Intellasia | VNA | 6:02 AM

Banks cut interest rates for loans worth more than 1.12 quadrillion VND (49 billion USD) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State [...]
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VPBank to sell 17 million treasury shares to employees

26-May-2020 Intellasia | VNS | 6:02 AM

The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will sell 17 million treasury shares for current employees in 2020, worth a total VND170 billion (US$7.31 [...]
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$49b loans of COVID-19 affected borrowers get preferential rates

26-May-2020 Intellasia | VNS | 6:02 AM

Banks cut interest rates for loans worth more than VND1.12 quadrillion (US$49 billion) of nearly 322,190 borrowers affected by the COVID-19 pandemic as of May 11, a State [...]
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Non-primary consumer lending up to 1.55 quad dong

26-May-2020 Intellasia | Dan Tri | 6:02 AM

Pham Xuan Hoe, deputy director of Institute of Banking Strategy, the State Bank of Vietnam (SBV), had said so at the seminar ‘Re-start the economy opportunities for [...]
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VietinBank plans equity capital increase from accumulated profits

26-May-2020 Intellasia | VNS | 6:02 AM

VietinBank (VTG) planned to increase its equity capital from its accumulated profits or paying dividend by stocks. The plan is being completed by the competent State agencies [...]
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Visa study finds cash usage dropping in Vietnam

26-May-2020 Intellasia | The Saigon Times | 6:02 AM

A new study commissioned by Visa, the world’s leader in digital payments, has found Vietnamese consumers are using less cash and more digital payment methods, including [...]
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