Archive for January 24th, 2019

2018 bank profit rankings: who dominated, who stood out?

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

Profits do not fully reflect the performance of a bank, but are still considered as a financial measure to determine its rankings. In 2018, bank ranking had a great [...]
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BIDV Insurance earns $9m in pre-tax profit

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

BIDV Insurance Corporation (BIC) has reported profit before tax of nearly VND203 billion (US$8.7 million) in 2018, beating its yearly target by 6.7 per cent. This number is [...]
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HDBank ready to apply Basel II

24-Jan-2019 Intellasia | VnEconomy | 6:00 AM

HCM City Development Commercial Joint Stock Bank (HDBank) has released its business results in the fourth quarter (Q4) and the whole year 2018 with strong growth in almost [...]
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Reference exchange rate stays unchanged

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

The State Bank of Vietnam kept the daily reference exchange rate on January 23 at 22,879 VND/USD, unchanged from the previous day. With the current trading band of +/- 3 [...]
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VN’s fintech firm raises $1m in funding from Singapore investor

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

Vietnamese fintech firm Finhay had successfully raised nearly $1 million from Singapore-based Insigna Venture Partners and other investors, the company announced on January [...]
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Inspiring next generation of women executives in financial services

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

Vibha Coburn, Manulife Asia’s chief distribution officer, shares her leadership journey in the traditionally male-dominated insurance sector and how women in finance [...]
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Petrol imports to be reduced this year

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

Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quat Refinery meets most of the local demand, said [...]
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Urban government to create a better mechanism for Hanoi: PM

24-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

Hanoi designed and built a pilot model of urban government organisation in the district area to make it streamlined and appropriately managed. The scheme of urban government [...]
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PM’s working group lauded for facilitating removal of business conditions

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

Prime minister Nguyen Xuan Phuc praised his working group for their role in reducing business conditions by half at ministries and agencies during a session held in Hanoi on [...]
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Vietnams requires greater judicial effectiveness to earn market economy recognition: CIEM

24-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

It would prove a safe business environment and effective legal system in place to protect investors rights. Vietnam requires greater judicial effectiveness to boost the [...]
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Vietnam’s cross-border trade index drops by seven places

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

After five years of executing the government’s Resolution 19 on the improvement of the national business environment, Vietnam’s business climate index has risen [...]
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Malaysia ranks 12th among Vietnam’s foreign investors in 2018

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

Malaysia ranked 12th among the countries and territories investing in Vietnam in 2018 with total registered capital hitting $435.54 million, according to the Vietnamese trade [...]
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Vietnam recovers 30pct of corrupted assets in 2018

24-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

In 2018, inspectors disclosed more than 1,000 hectares of land and an amount of VND108 trillion (US$4.7 billion) misused by state officials and bodies. Roughly VND33 trillion [...]
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Canada might impose anti-dumping duties on carbon steel welded pipes from VN

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

The Canada Border Services Agency has made a final decision on taxes for carbon steel welded pipes from Vietnam. Accordingly, the weighted average margin of dumping on Hoa [...]
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Vietnam needs proper approach on science and technology: DPM

24-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

The Ministry of Science and Technology is encouraged to adopt policies to encourage businesses to join science and technology activities. Vietnam needs to raise awareness on [...]
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