Archive for January 19th, 2019

Banks report hefty profits in 2018

19-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

Many Vietnamese banks have reported significant profits of trillions of dong for last year, though local banks’ credit growth has been harnessed at a record low for the [...]
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State Treasury raises $470m via G-bonds

19-Jan-2019 Intellasia | VNS | 6:00 AM

The State Treasury of Vietnam mobilised VND11 trillion (US$470 million) through government bond auctions on the Hanoi Stock Exchange (HNX) on Wednesday. Some VND7.5 trillion [...]
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Prudential named leading life insurer in Vietnam

19-Jan-2019 Intellasia | VNS | 6:00 AM

Prudential Vietnam Assurance Private Ltd has been honoured with awards from VietNamNet newspaper for among the “Top 50 Vietnam The Best in 2018″ and being the [...]
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Bank employees ‘look forward to’ Lunar New Year bonuses

19-Jan-2019 Intellasia | InfoMoney | 6:00 AM

Although no bank has announced specifically for the Lunar New Year (Tet) 2019 bonus, it is expected that the bonus level will be quite high, since the business results last [...]
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Reference exchange rate resumes upward trend on week’s last day

19-Jan-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam again raised the daily reference exchange rate on January 18 after adjusting it down on January 17, setting the rate at 22,862 VND/USD, up 7 VND [...]
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Why is SBV constantly raising central exchange rate?

19-Jan-2019 Intellasia | Dien dan Doanh nghiep | 6:00 AM

Compared to the end of November 2018, the central exchange rate has been raised by the State Bank of Vietnam (SBV) by 100 dong, equivalent to an increase of about 0.44 [...]
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Vietnamese prefer cash over online transactions

19-Jan-2019 Intellasia | Dti News | 6:00 AM

Many Vietnamese people still prefer cash payment over online transaction because of security concerns. A survey announced at the Towards a Cashless Society conference held in [...]
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Banks sell shares to foreign investors: ‘The rich’ cry

19-Jan-2019 Intellasia | Bao Dau tu | 6:00 AM

It’s not a coincident that all three biggest joint stock commercial banks have complained and proposed to the government to loosen the ownership ratio (room) and remove [...]
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Bank proposes 4.8pct interest for social housing loans

19-Jan-2019 Intellasia | Vietnamnet | 6:00 AM

The Vietnam Bank for Social Policies (VBSP) has submitted proposals to the prime minister on the interest rates for preferential loans to rent and buy social housing or [...]
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MoMo receives Series C funding from Warburg Pincus

19-Jan-2019 Intellasia | VN Economic Times | 6:00 AM

Vietnamese e-wallet and digital financial services platform MoMo announced on January 16 it has received Series C investment led by Warburg Pincus, a leading global private [...]
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Seven life-changing financial resolutions for 2019

19-Jan-2019 Intellasia | VNS | 6:00 AM

Do you have some bad financial habits? If so, then you are certainly not alone, since a massive 78 per cent of us will admit to behaving badly with money, according to a new [...]
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Regulation on education of tourism company leaders suspended

19-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

The Vietnam National Administration of Tourism has written to local tourism authorities asking them not to check the educational qualifications of tourism company leaders [...]
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Former US Secretary of State advises Vietnam on response to climate change

19-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

Former US Secretary of State John Kerry, at a seminar in Hanoi today, January 17, proposed Vietnam should seek solutions to respond to climate change to ensure its [...]
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Vietnam urged to become a factory for the world

19-Jan-2019 Intellasia | VNS | 6:00 AM

Vietnam must become a factory for the world and foster a good investment environment for all economic sectors in order to develop production and boost growth. This statement [...]
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Digital economy: new driving force for VN’s development

19-Jan-2019 Intellasia | VNS | 6:00 AM

Living life in a digital age is a key component for the future growth of Vietnam. That was the message from prime minister Nguyen Xuan Phuc who was speaking at the Vietnam [...]
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