Archive for September 7th, 2018

Deputy PM calls for crackdown on Chinese digital wallet payments

07-Sep-2018 Intellasia | VN Express | 6:00 AM

The Vietnamese government wants to stop tourists from using Chinese electronic wallets, saying it results in tax evasion. Deputy prime minister Vuong Dinh Hue has ordered [...]
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SBV net withdraws over 3tr dong as liquidity is less stressful

07-Sep-2018 Intellasia | Tri Thuc Tre | 6:00 AM

The recent report of Bao Viet Securities Company (BVSC) showed that in the week of August 27th 31st 2018, the State Bank of Vietnam (SBV) newly injected 7.705 trillion dong [...]
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Over $744 billion mobilised from selling G-bonds in August

07-Sep-2018 Intellasia | VNS | 6:00 AM

The Hanoi Stock Exchange held 38 auctions in August, mobilising a total of more than VND17.3 trillion (US$744.3 billion) worth of government bonds, up 9.9 per cent from the [...]
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Developing payment services a long-distance race

07-Sep-2018 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

Promoting non-cash payment, optimising ATM and POS networks, pursuing a ratio of cash to total means of payment of less than 10 percent by the end of 2020, and less than [...]
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Banking sector works on funding for farmers

07-Sep-2018 Intellasia | VNS | 6:00 AM

The banking sector needs solutions to provide more funding for agriculture and rural areas to ensure sustainable development, according to experts. The statement was made at [...]
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Close look at cash flow: Many major banks see sharp decline in the first half

07-Sep-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Despite having profit of trillions dong, the net cash flows of many banks were negative in the first six months of the year. Specifically with each bank, the causes of net [...]
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Banks upbeat about reaching full-year profit targets

07-Sep-2018 Intellasia | Vietnamnet | 6:00 AM

Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half. Apart from [...]
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Banks’ branding strategy focuses on customers’ trust

07-Sep-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

According to experts, to create a good brand, banks must identify the key elements that make up the core value of the bank, which is expressed by “customers’ [...]
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Sacombank gives scholarships to 3,051 students

07-Sep-2018 Intellasia | VNS | 6:00 AM

Sacombank has granted 3,051 scholarships worth a total of VND3.9 billion (US$167,589) to high school and university students at the beginning of the 2018-19 academic year. [...]
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Banks to fight for every single penny

07-Sep-2018 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

In the context of tightening credit growth by the State Bank of Vietnam (SBV), some banks have had to adjust their strategies to break down loans and collect every single [...]
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Foreign investors change hands 1.35 million shares of Warburg-backed Techcombank

07-Sep-2018 Intellasia | Hanoi Times | 6:00 AM

The said amount in transactions was expected to total VND355 billion (US$15.24 million) or VND26,300 (US$1.13) apiece under the current market price recorded by the end of [...]
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Seafood export target of $10b in 2018 difficult to achieve: VASEP

07-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

Vietnam is unlikely to achieve the seafood export revenue target of $10 billion this year as most of the locally processed seafood products, especially shrimp, have reported [...]
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Russia ranks 22nd among foreign investors in Vietnam

07-Sep-2018 Intellasia | VNA | 6:00 AM

Russia currently ranks 22nd among countries and territories investing in Vietnam with total registered capital of nearly 1 billion USD. Russia projects are mostly invested in [...]
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HoREA proposes policies for social housing projects

07-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

To address the acute shortage in social housing, the HCM City Real Estate Association (HoREA) has written to the government, ministries, relevant agencies and the municipal [...]
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Government to support small firms in developing organic agriculture

07-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

The government has issued a new decree on organic agriculture with the aim of supporting small enterprises, cooperatives, farmers and producing groups in the development of [...]
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