Archive for February 21st, 2019

Vietcombank continues to submit its capital-raising plan in 2019

21-Feb-2019 Intellasia | NDH | 6:00 AM

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank, HoSE: VCB) announced that it would hold the 2019 Annual general Meeting on April 26. The list of [...]
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Interest rate race: Headache game between banks

21-Feb-2019 Intellasia | Thoi bao Ngan hang | 6:00 AM

Last week was the first working week after the Lunar New Year holiday, but the operations of credit institutions were immediately active. The most notable point is the [...]
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HoREA proposes an increase of loan interest cap on property

21-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

The HCM City Real Estate Association (HoREA) has proposed that the government consider raising the loan interest cap to 25 percent, from the current limit of 20 percent, the [...]
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State Bank instructs provision of loans for rice procurement

21-Feb-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) has requested its chapters in the Mekong Delta and commercial banks to provide loans for rice procurement in the 2019 Winter-Spring crop, [...]
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Reference exchange rate down 2 VND on February 20

21-Feb-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 22,905 VND per USD on February 20, down 2 VND from the previous day (February 19). With the current trading [...]
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Vietnamese credit card market offers potential for banks

21-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

Despite recent enormous growth, the local credit card market still offers potential for local commercial banks, Tuoi Tre Online newspaper reported. According to the State [...]
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Capital market in 1st week after Tet: interest rates cool down, banks widen exchange rates

21-Feb-2019 Intellasia | NDH | 6:00 AM

Interbank rates cool down quickly In the first trading week after the Lunar New Year holiday (Tet), interest rates on the interbank market sharply increased, particularly on [...]
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Deposit at banks increase after Tet

21-Feb-2019 Intellasia | Bao Dau tu | 6:00 AM

While in the last months of 2018, cash strongly flowed into the housing and land market, after the Lunar New Year, the idle money is flowing into banks. Deposits at banks [...]
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Cash flows return after Tet holiday, SBV net withdraws 51.5 trillion dong

21-Feb-2019 Intellasia | Vietnam Finance | 6:00 AM

The return of cash flows into the banking system after the Tet holiday has made liquidity abundant again. According to the capital market newsletter from February 11th 15th [...]
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Consumer finance destined to enhance locals’ lives

21-Feb-2019 Intellasia | VIR | 6:00 AM

It is time to acknowledge the role of consumer finance companies in the economy as they help repel the bad influence of black credit, while guiding borrowers to a more [...]
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Demand for bonds remains strong, yields plummet

21-Feb-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The updated report on capital market to February 15th 2019 by Saigon Securities Incorporation (SSI) Retail Research showed that the bond market had another exciting week. [...]
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PM approves plan to stock up on rice

21-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

Prime minister Nguyen Xuan Phuc has approved a proposal to purchase 80,000 tonnes of unhusked rice and 200,000 tonnes of rice from farmers for storage to cope with the sharp [...]
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Ministry to help big cities achieve breakthrough growth

21-Feb-2019 Intellasia | Vietnamplus | 6:00 AM

The Ministry of Planning and Investment (MPI) will work harder to give a boost to the country’s economic locomotives, especially Hanoi and HCM City, and four key [...]
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HCM City cuts housing approval time to 15 days

21-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

The time needed for completing housing approval procedures in HCM City has been reduced to 15 days from the previous 57 days, Nguyen Toan Thang, director of the municipal [...]
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Deputy PM Hue urges for facilitating administrative reform

21-Feb-2019 Intellasia | VNS | 6:00 AM

Deputy prime minister Vuong Dinh Hue chaired a working session of the National Steering Committee on National Single Window (NSW), Asean Single Window (ASW) and Trade [...]
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