Archive for September 8th, 2018

OMAR Single Malt Whisky hits the US Market

08-Sep-2018 Intellasia | 07-SEP-2018 ACN Newswire | Taiwan Tobacco & Liquor Corporation | 6:00 AM

TAIWAN, Sept 7, 2018 – (Media OutReach) – Award-winning OMAR Single Malt Whisky, in both Bourbon casket and Sherry casket, has been launched in the US market. [...]
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Asia’s Premier Fashion Event CENTRESTAGE Underway

08-Sep-2018 Intellasia | 07-SEP-2018 ACN Newswire | HKTDC | 6:00 AM

Local Design Talents under Spotlight HONG KONG, Sept 7, 2018 – (ACN Newswire) – CENTRESTAGE, Asia’s premier fashion event organised by the HKTDC, is now on [...]
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Asian Watch Conference Analyses Trends and Innovation

08-Sep-2018 Intellasia | 07-SEP-2018 ACN Newswire | HKTDC | 6:00 AM

Global Market and Road to Pioneering Inventions Examined HONG KONG, Sept 7, 2018 – (ACN Newswire) – Are smart watches cannibalising sales of traditional [...]
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Reference exchange rate down 2 VND on September 7

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

The State Bank of Vietnam set the daily reference exchange rate at 22,686 VND/USD on September 7, down 2 VND compared to the previous day. With the current trading band of [...]
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Vietnam banks have large capital needs ahead of Basel II: Fitch

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

The total capital shortfall of Fitch-rated banks could increase to $6.5 billion if they were to also raise their allowance coverage to 5.0 percent of gross loans and Vietnam [...]
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3 State banks finally enter deposit race with higher interest

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

After keeping deposit interest rates unchanged for many months, three State-owned banks with the largest share of deposits have begun to follow in the footsteps of their [...]
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Total assets of the banking system reach 10.42 quadrillion dong

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

Information at the conference on “Preliminary review of one year implementation of Resolution 42/2017/QH14 and Decision 1058/QD-TTg” showed that by June 30th [...]
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Banks seek ways to ensure long-term financial services for the poor

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

How to ensure financial sustainability and long-term financial services for the poor at the same time remains a headache for both policy makers and financial service [...]
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The ‘key’ to open P2P lending

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

Fintech, with the connection to the Peer to Peer lending (P2P lending), to some extent will partly solve the consumer credit needs, according to Luu Tuong Bach Chair of [...]
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Vietnam government requests handling of illegal Chinese-issued POS payment

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

The use of illegal foreign electronic wallets is considered a form of tax evasion, causing losses to the state budget. Deputy prime minister Vuong Dinh Hue has requested [...]
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Should USD loans banned?

08-Sep-2018 Intellasia | Vietnam Finance | 6:00 AM

Before prohibiting foreign currency loans, the State Bank of Vietnam (SBV) should do survey on the real market. The State Bank Governor Le Minh Hung has recently requested [...]
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Consumer finance arms race

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

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market. FE Credit, currently the [...]
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Agribank and VietinBank massively sell debts and secured assets

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

Commercial Joint Stock Bank for Agriculture and Rural Development of Vietnam (Agribank) and Agribank Asset Management Company (Agribank AMC) have recently posted a series of [...]
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P2P fintech firm launched in HCM City

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

MegaLend Vietnam Investment and Trading Corporation, a financial technology (fintech) company, was launched in HCM City on September 5 to support peer-to-peer (P2P) lending [...]
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Target on speeding up bad debts settlement in the next 2 years

08-Sep-2018 Intellasia | VnEconomy | 6:00 AM

Ending the first six months of 2018, the non-performing loans (NPLs) in the consumer financing company, FE Credit, tends to increase, which exhibits some distinctive features [...]
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