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Banks struggle to handle collaterals

17-Jun-2015 Intellasia | ANTD | 6:00 AM

Lending customers with collaterals but when they fail to pay the debts on time, banks are still facing many difficulties in handling collaterals to recover debts. *Banks are [...]
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Inward remittances show rosy prospects

17-Jun-2015 Intellasia | VIR | 6:00 AM

Nguyen Hoang Minh, deputy director of the HCM City branch of the State Bank of Vietnam, shares with VIR’s Thuy Vinh the city’s inward remittance picture during [...]
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Moody’s ratings unchanged for VN banks

17-Jun-2015 Intellasia | Bizhub | 6:00 AM

Moody’s Investors Service last week assigned its new bank rating methodology of Counterparty Risk Assessments (CR Assessments) to nine Vietnamese banks. However, credit [...]
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Maritime Bank gets nod to acquire finance firm

17-Jun-2015 Intellasia | Bizhub | 6:00 AM

Maritime Bank has received approval from the State Bank to acquire the Textile and Garment Finance JSC, an affiliate of the Vietnam National Textile and Garment Group. State [...]
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ABBank earns 122b dong pre-tax profit in Jan-May

17-Jun-2015 Intellasia | Tri Thuc Tre | 6:00 AM

An Binh Joint Stock Commercial Bank (ABBank) says, as of the end of May 2015, the bank attained a total asset of more than 63.344 trillion dong, up 13 percent year-on-year. [...]
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Banks to guarantee Sacomreal property projects

17-Jun-2015 Intellasia | VNS | 6:00 AM

Saigon Thuong Tin Real Estate Co. (Sacomreal) signed agreements with OCB, ACB and HDB banks on Sunday to guarantee its property projects, following Article 56 of the Law on [...]
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Many banks change leaders during restructuring

17-Jun-2015 Intellasia | DTCK | 6:00 AM

Bad debts of banks have increased strongly in recent years and the banking industry is experiencing a large “surgery”, but for domestic and foreign economic [...]
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Experts urge speeding up economic restructuring

17-Jun-2015 Intellasia | VNA | 6:00 AM

Economic experts have warned that Vietnam must restructure its economy or the country will be off-track in its development path. Luu Bich Ho, former director of the [...]
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Tariff cuts prompt new wave of Japanese firms

17-Jun-2015 Intellasia | VIR | 6:00 AM

Japanese firms have begun to shift their investments to Vietnam’s trade and service sectors, amid a recent reduction of import duties. A preferential import tariff, [...]
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A series of SOEs about to disappear overnight

17-Jun-2015 Intellasia | Phap Luat VN | 6:00 AM

Under the Business Law (revised), from July 1, only businesses that the state holds 100 percent of the chartered capital are considered as state-owned enterprises (SOEs) [...]
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Confidence booms as domestic economy blooms

17-Jun-2015 Intellasia | VOV | 6:00 AM

The government and the national Assembly have expressed their confidence in the country’s economic prospects. Prime minister Nguyen Tan Dung said that the economy would [...]
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Import turnover figures from China, Vietnam differ by $20 million

17-Jun-2015 Intellasia | TBKTSG | 6:00 AM

Chinese and Vietnamese agencies have released conflicting figures on import turnover from China that differ by $20 million, according to the Vietnam Economics Institute which [...]
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Business Brief Jun 16

16-Jun-2015 Intellasia | | 3:38 PM

* An Phuc Thinh Trading and Services Company will offload its entire stake of over 243,000 shares, or 1 percent, at Hai An Transport & Stevedoring Company (HAH) from June [...]
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Vietnam tourism sector weakening, says deputy PM

16-Jun-2015 Intellasia | DTI News | 6:00 AM

Vietnam’s tourism sector has many weak points, causing it to lag behind many regional competitors, said deputy prime minister Vu Duc Dam. “Thailand and Malaysia [...]
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Time spent on customs procedures to be slashed

16-Jun-2015 Intellasia | VNS | 6:00 AM

The general Department of Customs has set a target to reduce time spent on customs procedures to less than 10 working days for exports and 12 working days for imports by [...]
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