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Business Briefs December 23

23-Dec-2016 Intellasia | | 12:47 PM

* The Asian Development Bank (ADB) and the Ministry of Transport on December 21 signed an agreement to provide transaction advisory services for a third ring road project [...]
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Vietnam pins high hopes on trade with US

23-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Despite imminent changes in economic relations due to uncertainties surrounding the Trans-Pacific Partnership agreement, Vietnamese enterprises are still confident in [...]
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Trade surplus reaches $2.59b in 12 months

23-Dec-2016 Intellasia | VGP | 6:00 AM

Vietnam ran a trade deficit of $288 million in the first half of December 2016, however, it enjoyed a trade surplus of more than $2.59 billion from early 2016 till December [...]
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Digital economy the future for VN development

23-Dec-2016 Intellasia | Bizhub | 6:00 AM

The Vietnam Internet Association yesterday organised the event under theme “How digital content contributes to an Internet economy?” The wide application of [...]
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HDBank to give cheap loans to Mon Bay buyers

23-Dec-2016 Intellasia | Bizhub | 6:00 AM

As the sole mortgage provider for the Mon Bay project in Quang Ninh, the Housing Development Commercial Joint Stock Bank (HDBank) has set aside VND2.73 trillion (US$119.7 [...]
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Maritime Bank supports RoK SMEs in Vietnam

23-Dec-2016 Intellasia | VNA | 6:00 AM

Maritime Bank has signed an agreement with the Korea Federation of SMEs (KBIZ) under which the bank will support operation of KBIZ member firms in Vietnam. Under the deal [...]
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State budget acquires 1.680tr dong from Vietinbank’s cash dividend payment

23-Dec-2016 Intellasia | VnExpress | 6:00 AM

After receiving guidance of the State Bank of Vietnam (SBV), the Commercial Joint Stock Bank for Industry and Trade of Vietnam (Vietinbank, code: CTG) has decided to make [...]
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Reference exchange rate drops 2 dong

23-Dec-2016 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the reference exchange rate for VND/USD at 22,152 VND on December 22, down 2 VND from the previous day. With the current trading band of/-3 [...]
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Banks will have to buy more government bonds

23-Dec-2016 Intellasia | Bizhub | 6:00 AM

Banks participating in auctions of government bonds will be under obligation to buy a minimum of VND4.5 trillion (US$200 million) in total from November 1, 2016 to October [...]
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First bank announces Tet bonus

23-Dec-2016 Intellasia | VNS | 6:00 AM

Techcombank is the first bank to announce a Tet (Lunar New Year) bonus for its employees, amounting to up to seven months of their salary. Techcombank said all its employees [...]
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Interest rates and exchange rate will rise in 2017

23-Dec-2016 Intellasia | Vietnam Finance | 6:00 AM

At the seminar on the prospects of real estate market in 2017 and the political impacts held by the Vietnam Real Estate Association (VnREA) and the Investors Magazine in the [...]
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Foreign investors have little room to invest in local banks

23-Dec-2016 Intellasia | Dan Viet | 6:00 AM

Although three more banks will be listed on Upcom in the near future, foreign investors almost have no chance because room has been “locked”, or remained very [...]
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VPBank expects to get listed on the stock market in 2016

23-Dec-2016 Intellasia | Vietnamplus | 6:00 AM

According to information of the State Securities Commission (SSC), the agency has received full set of documents from the Vietnam Prosperity Commercial Joint Stock Bank [...]
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What will happen in Vietnam if US raises the interest rate?

23-Dec-2016 Intellasia | VNN | 6:00 AM

If the US Fed raised the prime interest rate, the overseas remittance (kieu hoi) flow to Vietnam would slow down, the dong would depreciate, and the dong interest rate would [...]
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Deposits at DongA Bank still increase after the arrest of its former leaders

23-Dec-2016 Intellasia | VnExpress | 6:00 AM

Dong A Commercial Joint Stock Bank (DongA Bank) has notified that more than a week after the Investigation Police Agency under the Ministry of Public Security (C46) [...]
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