Archive for January 5th, 2017

VIB to trade 564.4m shares on UPCoM

05-Jan-2017 Intellasia | VNS | 6:00 AM

Vietnam International Joint Stock Bank (VIB) will trade 564.4 million shares on the Unlisted Public Company Market (UPCoM) on January 9, the Hanoi Stock Exchange announced. [...]
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78pct of credit flows into production, trading in HCM City

05-Jan-2017 Intellasia | Saigon-Gpdaily | 6:00 AM

Total outstanding loans in HCM City neared VND1,500 trillion (US$66 billion) in 2016 with 78 percent of the funds going to production and trading, reported To Duy Lam, [...]
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HCM City sees record 18 per cent credit growth

05-Jan-2017 Intellasia | VNS | 6:00 AM

Commercial banks in HCM City saw record credit growth of 18 per cent in 2016, according to the State Bank of Vietnam (SBV). To Duy Lam, director of SBV’s HCM City [...]
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Banks ensure sufficient cash for yearend surging demand

05-Jan-2017 Intellasia | Saigon-gpdaily | 6:00 AM

The State Bank of Vietnam (SBV) has in writing instructed credit institutions to ensure sufficient cash supply to meet increasing demand ahead of the Tet holiday, said deputy [...]
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Bank restructuring on the right path heading into the New Year

05-Jan-2017 Intellasia | VOV | 6:00 AM

In response to the global banking crisis, the finance ministers of the G20 countries have agreed on stricter regulation of the banking system, with stronger capital [...]
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Access to credit tough for SMEs

05-Jan-2017 Intellasia | The Saigon Times | 6:00 AM

SMEs always find it hard to gain access to credit at banks, according to the Vietnam Association of Small and Medium Enterprises (VINASME). VINASME statistics showed around [...]
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Bad debts continue to squeeze banks’ profits

05-Jan-2017 Intellasia | VNA | 6:00 AM

In the third quarter of 2016, Kienlongbank’s gross profit decreased by nearly 12 percent. As a result, in the first nine months of the year Kienlongbank’s pre-tax [...]
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Bank restructuring process continues to take place strongly in 2017

05-Jan-2017 Intellasia | Bao Dau Tu | 6:00 AM

The waves in bank restructuring has still been ongoing and is said to be stronger in 2017. There will be bankruptcies of credit institutions (CIs), mergers and acquisitions [...]
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Disbursement of housing stimulus on time

05-Jan-2017 Intellasia | VIR | 6:00 AM

The disbursement of the housing stimulus package, valued at VND30 trillion (US$1.4 billion) in preferential loans, will finish on schedule, according to the State Bank of [...]
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Reference exchange rate rises by 4 dong

05-Jan-2017 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the reference VND/USD exchange rate at 21,162 VND per USD on January 4, up 4 VND from the day earlier. With the current +/- 3 percent VND/USD [...]
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‘Lucky money’ in demand ahead of Tet

05-Jan-2017 Intellasia | Bizhub | 6:00 AM

The popular practice of exchanging new or special banknotes for a fee kicked off several weeks ago in many big cities, with one month to go before the start of Tet (Lunar New [...]
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Overview of the consumer credit boom in 2016

05-Jan-2017 Intellasia | Dau Tu Chung Khoan | 6:00 AM

Although finance companies disclosed very limited information about the growth of their outstanding loans as well as profit results, the fact showed that consumer lending [...]
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US, Switzerland buyers turning towards Vietnam gemstones

05-Jan-2017 Intellasia | VOV | 6:00 AM

The US, the world’s largest diamond market by total dollar sales, is increasingly turning to coloured gemstones from Vietnam as its jewellery of choice, according to [...]
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City urged to attract overseas Vietnamese for economy

05-Jan-2017 Intellasia | Bizhub | 6:00 AM

Overseas Vietnamese play an important role in developing HCM City’s economy, but the city lacks the legal framework required to fully utilise their capabilities. [...]
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MPI: Public investment will be tightened in 2017

05-Jan-2017 Intellasia | The Saigon Times | 6:00 AM

Localities and ministries this year must tighten controls on public investment activity, especially in the stages of fund appraisal and balance, approval in principle and [...]
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