Archive for January 26th, 2019

Hitachi Strengthens Wind Power Generation System Business

26-Jan-2019 Intellasia | 25-JAN-2019 ACN Newswire | Hitachi, Ltd. | 6:00 AM

Strengthening the solution business with a focus on wind turbines from ENERCON TOKYO, Jan 25, 2019 – (JCN Newswire) – Hitachi, Ltd. (TSE: 6501) will strengthen [...]
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Agribank to launch VND5 trillion credit package for low-income earners

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

The Vietnam Bank for Agriculture and Rural Development (Agribank) may roll out a credit package worth some VND5 trillion (US$215 million) for low-income earners, with fast [...]
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Vietnam banks tend to secure overseas long-term loan facilities

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

In recent years, the trend of securing long-term loan facilities from international financial organisations has become more popular amongst Vietnamese banks, according to [...]
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State Treasury raises nearly $265m via G-bonds

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

The State Treasury of Vietnam mobilised nearly VND6.2 trillion (US$265 million) through government bond auctions on the Hanoi Stock Exchange (HNX) on Wednesday. Some VND5.5 [...]
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Vietnamese banks go green

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

Banking capital flows are strongly focused on green development such as solar energy and clean high-tech agriculture. Strong capital inflow to solar energy Orient Joint Stock [...]
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Not yet merged into HDBank, how is PGBank’s business performance in 2018?

26-Jan-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The merger with HCM City Development Commercial Joint Stock Bank (HDBank) is expected to be completed in 2018 but has not yet been successful. While waiting for the merger, [...]
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HDBank pre-tax profit increases by 65.7 per cent to $ 172.6 million

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

The HCM City Development Joint Stock Commercial Bank (HDBank) has announced its results for the fourth quarter of last year and for the full financial year, achieving [...]
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Many banks violate taxes and have to pay additionally billions of dong

26-Jan-2019 Intellasia | Nguoi dong hanh | 6:00 AM

According to Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank, HoSE code: CTG), it has received the Decision of the general Department of Taxation on [...]
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Foreign funds bet on Vietnam’s e-payment platforms

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

E-payment is taking off in Vietnam thanks to a boom of e-commerce as well as a spread of mobile devices and foreign investors are scrambling to cash in on the country’s [...]
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Getting everyone into banking

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

Financial inclusion has been a long-term national goal in Vietnam and where dedicated programmes and financial technology are key. The Asian Development Bank (ADB) last month [...]
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Reference exchange rate goes up again

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

The State Bank of Vietnam again raised the daily reference exchange rate on January 25 to 22,880 VND/USD, up 5 VND from the previous day. With the current trading band of +/- [...]
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VIB’s 2018 profit above expectations

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

Vietnam International Bank (VIB) on January 17 announced its 2018 financial results, with profit before tax reaching VND2,741 billion, growing by 95 percent year-on-year and [...]
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Misuse of capital for consumption not allowed

26-Jan-2019 Intellasia | Nguoi lao dong | 6:00 AM

Consumer credit is the development trend of commercial banks, but it must be controlled to reduce risks related to interest rates, debt recovery and debt management methods, [...]
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ACB announces impressive results

26-Jan-2019 Intellasia | Nhip song Kinh te | 6:00 AM

Year 2018 was the last year in the important 20142018 strategic period of Asia Commercial Joint Stock Bank (ACB). The bank has ended that journey with positive growth [...]
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SBV building currency reserves

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

The State Bank of Vietnam (SBV) has so far this year bought more than $1 billion from commercial banks to build up the nation’s foreign currency reserves. The latest [...]
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