Archive for December 1st, 2018

Reference exchange rate up on November 30

01-Dec-2018 Intellasia | VNA | 6:14 AM

The daily reference exchange rate went up 3 VND on November 30 to 22,750 VND per USD. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial [...]
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State Treasury raises over VND3.6 trillion via G-bonds

01-Dec-2018 Intellasia | VNS | 6:14 AM

The State Treasury of Vietnam mobilised VND3.656 trillion (US$156.24 million) through government bond auctions on the Hanoi Stock Exchange (HNX) on Wednesday. Some VND4.5 [...]
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Domestic firms pressurised as foreign securities companies flex capital muscles

01-Dec-2018 Intellasia | VN Express | 6:14 AM

Vietnamese securities firms are feeling the heat as foreign peers get huge capital injections. Mirae Asset, one of the first 100 percent foreign owned securities companies in [...]
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Vice President vows support for Manulife Financial Corp

01-Dec-2018 Intellasia | VNA | 6:14 AM

Vice President Dang Thi Ngoc Thinh has assured Vietnam’s consistent policy of supporting Canadian firms and Manulife in particular to effectively operate in the country [...]
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Numerous ‘tricks’ applied to appropriate customers’ idle capital

01-Dec-2018 Intellasia | InfoMoney | 6:14 AM

E-wallets, membership cards, deposit papers, etc. have become the weapons for many businesses to mobilise tens of billion dong from customers without paying any interest. [...]
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Banking-finance takes lead in Vietnam’s foreign investment

01-Dec-2018 Intellasia | SGGP News | 6:14 AM

Banking-finance takes the lead in Vietnam’s foreign investment with $105.7 million, accounting for 29.5 percent of the total investment capital of $357.5 million in the [...]
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Central exchange rate significantly rises, what is happening?

01-Dec-2018 Intellasia | Dau tu Chung khoan | 6:14 AM

On November 26th, the State Bank of Vietnam (SBV) announced the central reference exchange rate at 22,743 dong per US dollar, unchanged compared to the end of last week. [...]
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Fintech Business Day 2018 held in Hanoi

01-Dec-2018 Intellasia | VN Economic Times | 6:14 AM

Day organised by Korea Internet & Security Agency on November 29. 12CM Global’s expectation is to find Vietnamese companies to partner in developing its business [...]
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Retail banking boosts sector’s income

01-Dec-2018 Intellasia | VNS | 6:14 AM

The retail banking segment has contributed significantly to the national bank system’s revenue this year. At some major banks in Vietnam, the segment has contributed [...]
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Agribank IPO delay sees investors move cautiously

01-Dec-2018 Intellasia | Vietnamnet | 6:14 AM

Investors are being urged to hold back on moves into Agribank after its initial public offering was postponed until 2020, adding to the list of equitisation delays of [...]
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Vietcombank allowed to apply Basel II standards early

01-Dec-2018 Intellasia | VNS | 6:14 AM

The State Bank of Vietnam (SBV) on Wednesday allowed State-owned Vietcombank to apply minimum capital adequacy ratio requirements following Basel II standards one year [...]
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Visa appoints new chief for Vietnam, Laos

01-Dec-2018 Intellasia | VNS | 6:14 AM

Visa has announced the appointment of Dang Tuyet Dung as Vietnam and Laos country manager. Dung, who has more than 20 years’ experience in corporate and retail banking, [...]
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Former banking tycoon Tran Bac Ha arrested

01-Dec-2018 Intellasia | Hanoi Times | 6:14 AM

Ha was accused of violating regulations on lending, guaranteeing, and debt managing, including a loand worth VND4.7 trillion (US$200 million) to violating Vietnam [...]
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Establishing debt market

01-Dec-2018 Intellasia | Dien dan Doanh nghiep | 6:14 AM

The scale and nature of bad debts has increased, requiring a market for debt trading, in order to stabilise and strengthen the financial security system. Pham Tien Dat, [...]
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Reducing the demand for loans in US dollar

01-Dec-2018 Intellasia | Dau tu Chung khoan | 6:14 AM

The State Bank of Vietnam (SBV) has just released a draft amendment of Circular 24/2015 stipulating foreign currency lending by credit institutions (CIs), branches of foreign [...]
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