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Category: FinanceSubscribe via RSS Feed

WB offers credit to support HCM City’s institutional reforms

21-May-2019 Intellasia | The Saigon Times | 6:00 AM

The World Bank Board of Executive directors on May 17 approved a $125 million credit to assist HCM City in strengthening its institutional foundations for sustainable urban [...]
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OCB successfully deploys network solutions thanks to Software Defined Networking

21-May-2019 Intellasia | Dau tu Chung khoan | 6:00 AM

On May 16, Orient Joint Stock Commercial Bank (OCB) signed a contract with Dell EMC Vietnam to successfully carry out Software Defined Networking (SDN) solutiona new standard [...]
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Vietnam pledges favourable conditions for Japanese bank

21-May-2019 Intellasia | VNA | 6:00 AM

Vietnam welcomes and will create optimal conditions for the Japan Bank for International Cooperation (Jbic) and businesses from Japan to operate and take part in key projects [...]
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Sharing mechanism needed for fintech development

21-May-2019 Intellasia | VNS | 6:00 AM

A “regulatory sandbox” and a sharing mechanism are needed for the development of Vietnam’s fintech industry, experts said at a seminar on Thursday. [...]
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Moderate credit growth positive for Vietnam’s economy

21-May-2019 Intellasia | VNS | 6:00 AM

Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy. [...]
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VIB shareholders likely to receive cash dividends and bonus shares

21-May-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The Board of directors of Vietnam International Joint Stock Commercial Bank (VIB) has just approved a resolution to issue shares to increase its charter capital from 7.835 [...]
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Magnetic ATM cards replaced with chips beginning May 28

21-May-2019 Intellasia | VNS | 6:00 AM

Commercial banks in Vietnam will initially replace some 21 million magnetic ATM cards with chip cards beginning May 28, as the State Bank of Vietnam (SBV) has ordered issuing [...]
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Israeli companies seeking cooperation in Vietnamese fintech

21-May-2019 Intellasia | VIR | 6:00 AM

Six leading Israeli fintech companies came to Vietnam to attend the “Fintech accelerating digital transformation through AI & Automation Technologies” [...]
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Heavy credit reliance puts firms at high risk

18-May-2019 Intellasia | VOV | 6:00 AM

Amid stock and bond markets failing to meet expectations, the heavy reliance of enterprises on bank credit is putting them at risk, experts have warned. Capital is considered [...]
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Banks Fintech: a win-win relationship

18-May-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

Nhip Cau Dau Tu magazine has recently held a Vietnam Banking conference themed “Breakthrough from Digitalisation”. At the conference, the main contents focused on [...]
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Stories behind banks’ dividend payments

18-May-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

In the last two years, state-owned banks often paid dividends in cash at a ratio of seven to eight percent, although they previously proposed to retain profits for raising [...]
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Central bank to grant more autonomy to commercial banks

18-May-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV deputy Governor Dao Minh Tu said on May 16. At [...]
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State Treasury raises 2.4 trillion VND through bond sales

18-May-2019 Intellasia | VNA | 6:00 AM

The State Treasury of Vietnam raised a total of 2.4 trillion VND (104.3 million USD) worth of government bonds (G-bonds) during a recent auction at the Hanoi Stock Exchange [...]
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Recovery rate of distressed loans below expectations

18-May-2019 Intellasia | The Saigon Times | 6:00 AM

The recovery rate of distressed bank loans in corruption and economic crime cases has fallen short of expectations with only 17.26 percent of such loans in dong and 59.48 [...]
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Exchange rate buffer stays wide

18-May-2019 Intellasia | Nguoi Dong Hanh | 6:00 AM

After a relatively stable period since the beginning of the year, the domestic exchange rate has suddenly risen in recent days. In four days from 6 to 9 May, US dollar price [...]
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