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Business Brief January 22

22-Jan-2015 Intellasia | | 3:14 PM

* SSI Asset Management Company has registered to buy an additional 4.5 million shares of PAN Pacific Corporation (PAN) to scale up its ownership to nearly 14 percent from the [...]
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Indian businesses to promote trade in Vietnam

22-Jan-2015 Intellasia | VNA | 6:00 AM

Deputy prime minister Hoang Trung Hai said he was glad to see India is looking to boost cooperation with Vietnam in economics, trade, and investment, and thrilled that they [...]
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Vietcombank to become No.1 bank in Vietnam

22-Jan-2015 Intellasia | VIR | 6:00 AM

The State Bank (SBV) Governer Nguyen Van Binh urged Vietcombank to become a leader in the banking sector in a conference for Business Implementation in 2015 held by [...]
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Vietcombank, Saigonbank to merge amid bank restructuring

22-Jan-2015 Intellasia | VNS | 6:00 AM

Vietcombank is set to merge with Saigonbank as part of a general banking restructuring process, said Nguyen Van Binh, the Governor of the State Bank of Vietnam (SBV). Making [...]
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SBV looks set to resolve weak banks in 2015

22-Jan-2015 Intellasia | VIR | 6:00 AM

In 2015, the State Bank (SBV) is going to restructure the banking system vigorously via mergers and acquisitions (M&As) between banks. Big names in the local banking [...]
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Banks must make moves for capital increase and listing

22-Jan-2015 Intellasia | Dau Tu Chung Khoan | 6:00 AM

The State Bank of Vietnam (SBV) approved four banks to increase their charter capital over the last month and this number will continue to increase. After years of delaying, [...]
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Challenges await banks this year

22-Jan-2015 Intellasia | TBKTSG | 6:00 AM

Bankers said 2015 will remain a challenging year though some banks have reported higher earnings and there have been more positive signs in the local economy. Vietcombank, [...]
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Vietnam, Singapore trade grows 20pct

22-Jan-2015 Intellasia | VNA | 6:00 AM

Vietnam-Singapore trade hit 15.6 billion USD (20.4 billion SGD) in 2014, a 20.3 percent surge from 2013, according to the Singapore Department of Statistics. Vietnam shipped [...]
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BIDV loans 30b dong for building steel boat

22-Jan-2015 Intellasia | VNS | 6:00 AM

The Ba Ria – Vung Tau branch of the Bank for Investment and Development of Vietnam (BIDV) will loan VND30 billion (US$1.4 million) to the Gia Han company for building a [...]
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Vietnam handles 46 high-profile corruption cases in 2014: media

22-Jan-2015 Intellasia | Xinhua | 6:00 AM

Vietnam in 2014 handled a total of 46 leaders of state-run organisations for relating responsibility of corruption occurring in their offices, local media reported on [...]
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HDBank finances resort project in Ba Ria-Vung Tau

22-Jan-2015 Intellasia | TBKTSG | 6:00 AM

HCM City Development Joint Stock Commercial Bank (HDBank) has inked an agreement to provide a credit package worth VND300 billion for Cotec Asia Company to develop the Blue [...]
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Vietnam awaits Trans-Pacific Partnership signing

22-Jan-2015 Intellasia | VOV | 6:00 AM

At the close of the latest round of the Trans-Pacific Partnership (TPP) negotiations, chief negotiators were quoted as saying the finish line is in sight and they expect to [...]
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Banks taking over financial firms shapes a growing trend

22-Jan-2015 Intellasia | Bizhub | 6:00 AM

Marriages between banks and financial firms are forecast to be vibrant this year, but industry experts assume such deals could bring banks both advantages and disadvantages. [...]
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Foreign institutions predict high economic performance for Vietnam

22-Jan-2015 Intellasia | VNA | 6:00 AM

The most prestigious financial institutions believe that Vietnam’s economy will see a strong recovery in 2015 and that the drop in crude oil prices, though lowering [...]
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Conference proposes anti-corruption measures

22-Jan-2015 Intellasia | VOV | 6:00 AM

The Ministry of Planning and Investment (MoPI) and the World Bank (WB) on January 20 co-hosted a high-level conference on strengthening governance to promote development in [...]
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