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Business Briefs Aug 31

31-Aug-2016 Intellasia | | 12:14 PM

* Everpia Company (EVE) has issued 13.9 million shares to pay a 2015 dividend, raising its total outstanding volume to 41.9 million shares. The new shares will be tradable on [...]
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Lending rates in last 4 months hard to be reduced

31-Aug-2016 Intellasia | DTCK | 6:00 AM

Businesses said that the current lending rates are still high compared to their ability and they expect that the rates will decrease in the future but analyses show that, [...]
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Co-ops need financial incentives

31-Aug-2016 Intellasia | Bizhub | 6:00 AM

Deputy prime minister Vuong Dinh Hue yesterday said preferential loans were needed for cooperatives to develop in a sustainable manner and in line with value chains. [...]
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Audit results in 2015 show high bad debt ratio of many banks

31-Aug-2016 Intellasia | Bao Dau Tu | 6:00 AM

The State Audit of Vietnam (SAV) on August 28th held the press conference to announce the audit results in 2015. SAV’s audit on the scheme to restructure the system of [...]
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Singapore’s GIC buys stake in Vietnam’s bank

31-Aug-2016 Intellasia | AFP | 6:00 AM

Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam’s biggest bank, both companies said in a joint statement on Monday. GIC signed a memorandum [...]
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Public debt is near ceiling limit

31-Aug-2016 Intellasia | Tien Phong | 6:00 AM

If public debt increases by VND385.375 trillion as estimated, Vietnam’s total public debt would climb to VND2,993 trillion, or 64 percent of GDP. In late July 2016, the [...]
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Vietcombank to sell 7.73pct stake to Singapore partner

31-Aug-2016 Intellasia | VNS | 6:00 AM

Singapore’s sovereign wealth fund GIC is set to acquire a 7.73 per cent stake on a fully enlarged basis in Joint Stock Commercial Bank for Foreign Trade of Vietnam [...]
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Signs of Asean integration as Vietnam Inc. targets Burma

31-Aug-2016 Intellasia | Nikkei | 6:00 AM

It may be a sign of progress for economic integration in Southeast Asia, or of affinity between the two countries. Whatever the reason, Vietnamese companies are increasingly [...]
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SBV issues warnings about lending to state giants

31-Aug-2016 Intellasia | Tien Phong | 6:00 AM

The State Bank of Vietnam (SBV) has had a written document No.6373/NHNN-TTGSNH requiring related units to strengthen risk control in the credit granting exceeding the limit, [...]
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General economic census to be conducted from March 2017

31-Aug-2016 Intellasia | VNA | 6:00 AM

Prime minister Nguyen Xuan Phuc has signed a decision to conduct a general economic census across the country in 2017. The census will include information about economic [...]
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SBV urges lending supervision

31-Aug-2016 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam has directed its supervisors and credit institutions to enhance control on lending to borrowers with large outstanding loans. Under Document [...]
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Industrial development policy to take shape

31-Aug-2016 Intellasia | TBKTSG | 6:00 AM

A scheme on Vietnam’s industrial development policy is being completed to give a fresh boost to the industry two years after the prime minister signed two decisions [...]
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Singaporean investors massively pour capital in Vietnam

31-Aug-2016 Intellasia | Bao Dau Tu | 6:00 AM

The third Vietnam Singapore Industrial Park (VSIP) in Binh Duong province is more likely to be constructed in September 2016 on an area of 1,000 hectares, although details [...]
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Singapore third largest foreign investor in Vietnam

31-Aug-2016 Intellasia | VNA | 6:00 AM

Singapore has more than 1,600 valid investment projects with a total registered capital of over 37.9 billion USD in Vietnam at present, mainly in manufacturing and [...]
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Government-backed loans to be temporarily halted

31-Aug-2016 Intellasia | Bizhub | 6:00 AM

Vietnam will temporarily halt the granting of government guarantees for loans to new projects from 2017 to ensure a safe level of public debt following prime minister Nguyen [...]
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