Archive for January 21st, 2017

Vietnamese banks dream of foreign investors

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

Many commercial banks want more relaxed restrictions on foreign ownership in order to raise capital, resolve bad debts, and speed up restructuring. Voracious foreign [...]
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VN seen further opening up banking sector

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

The market is paying attention to news that Vietnam is considering raising the foreign ownership cap at banks, Vneconomy cited Bloomberg. The news agency highlights prime [...]
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Many banks drawn into M&A wave

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

The first merger and acquisition (M&A) deals in the banking sector appeared from the outset of 2017, signalling a busy year in this field. Under the decision of the State [...]
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Draft Law on Public Debt Management

21-Jan-2017 Intellasia | VGP | 6:00 AM

The Ministry of Finance is drafting a Law on Public Debt Management. Public debts under this Law comprise government debts, government-guaranteed debts and debts of local [...]
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Jewellery company PNJ’s profit triples

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

Phu Nhuan Jewellery Joint Stock Company reported a pre-tax profit of VND600 billion (US$26.55 million) last year, a 204 per cent rise year-on-year and 32 per cent higher than [...]
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MB Ageas Life comes into being

21-Jan-2017 Intellasia | Vn Economic Times | 6:00 AM

Joint venture insurer officially launched on January 16. The MB Ageas Life Insurance Company Limited, known as MB Ageas Life, was officially launched on January 16. The [...]
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Life insurers’ business season starts soon

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

The final days of the year is always extremely busy for life insurers because along with the urging of sales, reviewing, updating whole year business data, businesses in this [...]
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Customers may purchase gold online now

21-Jan-2017 Intellasia | Tap Chi Tai Chinh | 6:00 AM

Such online services as depositing; payment of electricity, water; SJC gold purchase, etc. are increasingly favoured. Customers do not even need to come to a bank transaction [...]
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More than 73pct of Vietnamese people have bank accounts

21-Jan-2017 Intellasia | NDH | 6:00 AM

The Payment Department (under the State Bank of Vietnam – SBV) said the proportion of cash/total money supply tends to gradually decrease, from 14.02 percent in 2010 to [...]
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Depositors enjoy more benefits in the end of the year

21-Jan-2017 Intellasia | VnExpress | 6:00 AM

In the end of the Lunar New Year period, many banks have raised mobilisation rates to attract depositors. Dong A Commercial Joint Stock Bank (DongA Bank) in the end of last [...]
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SBV completes the Scheme to restructure the three zero-dong banks

21-Jan-2017 Intellasia | Vietnam Finance | 6:00 AM

According to deputy Chief Inspector of the State Bank of Vietnam (SBV) Nguyen Van Hung, SBV has been preparing the Scheme on restructuring the system of credit institutions [...]
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HCM City banks rush to lure overseas remittances

21-Jan-2017 Intellasia | The Saigom Times Daily | 6:00 AM

Banks in HCM City are putting on a variety of promotional programmes to attract overseas remittances flowing into the city ahead of the Lunar New Year holiday, or Tet, said [...]
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Bank groups are follow different development paths

21-Jan-2017 Intellasia | Vietnam Finance | 6:00 AM

While State-owned banks and joint stock banks – the main members of the banking sector – are competing fiercely and disadvantages belong to joint stock banks as [...]
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Cheap loans worth 241.1tr dong planned for HCM City firms

21-Jan-2017 Intellasia | The Saigom Times Daily | 6:00 AM

Fifteen banks have registered with the State Bank of Vietnam’s (SBV) HCM City branch to provide VND241.1 trillion (US$10.6 billion) in preferential loans for HCM [...]
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Vietnam, US team up for food safety

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

The High Quality Vietnam Products Business Association, the American Chamber of Commerce in Vietnam and the Washington-based Global Food Safety Forum have signed a memorandum [...]
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