Archive for August 2nd, 2019

VietinBank issues additional bonds for tier II capital

02-Aug-2019 Intellasia | Tri Thuc Tre | 6:02 AM

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinbankCTG) has announced the private issuance of VietinBank bonds in the second phase of 2019. The [...] » More

VPBank posts 44pct increase in pre-tax profit

02-Aug-2019 Intellasia | VNA | 6:02 AM

VPBank posted pre-tax profit of more than 2.56 trillion VND (110.3 million USD) in the second quarter of the year, a 44 percent year-on-year increase. VPBank on Tuesday [...] » More

Thousands of bankers quit their jobs in the first 6 months

02-Aug-2019 Intellasia | Nhip song Kinh te | 6:02 AM

The business situation of banks has gone more than half the way. Accordingly, in the first six months, many banks had been operating better, and there were also banks showing [...] » More

Domestic gold approaches VND40m again

02-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

Domestic gold prices staged a strong rebound to approach the VND40 million level following the global rise today, July 31, whereas US dollar prices remained low. Saigon [...] » More

Bancassurance’ main contributor to banking services

02-Aug-2019 Intellasia | Dau tu Chung khoan | 6:02 AM

If in the previous quarters, the contribution of bancassurance business and services was still limited, it has now become the main source of income in many banks’ [...] » More

Commercial bank SHB’s pre-tax profit surges 57pct in Q2

02-Aug-2019 Intellasia | VNA | 6:02 AM

The Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) enjoyed 817 billion VND (35.2 million USD) in pre-tax profit in the second quarter of the year, up 57 percent [...] » More

SBV net withdraws 110.507 trillion dong

02-Aug-2019 Intellasia | VnEconomy | 6:02 AM

According to updates of Bao Viet Securities Company (BVSC), in the last week, the State Bank of Vietnam (SBV) net withdrew 24 trillion dong via treasury bills. Specifically, [...] » More

Eximbank’s profit declines by 30pct

02-Aug-2019 Intellasia | VnEconomy | 6:02 AM

Export Import Commercial Joint Stock Bank (Eximbank, EIB) has released its financial statement in the second quarter (Q2) 2019. In this period, Eximbank’s net interest [...] » More

Salary in banking and insurance sector takes the highest position

02-Aug-2019 Intellasia | Lao Dong | 6:02 AM

The banking industry is considered attractive by the highest average salary in all economic sectors in Vietnam. The profit of trillions of dong makes the income of many [...] » More

OCB reports 1.12 trillion VND in pre-tax profits in H1

02-Aug-2019 Intellasia | VNA | 6:02 AM

The Orient Commercial Joint Stock Bank (OCB) earned almost 1.12 trillion VND (48.22 million USD) in pre-tax profits in the first half of 2019, with net revenue from business [...] » More

Vietnamese prefer cash to credit cards when travelling abroad

02-Aug-2019 Intellasia | VN Express | 6:02 AM

Up to 60.1 percent of Vietnamese used foreign cash, while 50.3 percent went for credit cards when travelling abroad, a report says. The report, titled “Vietnam Outbound [...] » More

The control of bad debt remains difficult

02-Aug-2019 Intellasia | Dien dan Doanh nghiep | 6:02 AM

The rate decreases, but the value increases Up to now, many banks have announced financial statements for the second quarter and the first six months of this year. Besides [...] » More

EVFTA opens door wide for Vietnam’s agricultural produces: experts

02-Aug-2019 Intellasia | VNA | 6:02 AM

The EU-Vietnam Free Trade Agreement (EVFTA) not only opens the door wide for Vietnam’s agro-forestry-aquaculture exports, but also promotes the country’s [...] » More

US investigates wind tower imports from Vietnam

02-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

The US Department of Commerce on Tuesday initiated new antidumping and countervailing duty investigations to determine whether utility scale wind towers from Vietnam and [...] » More

HCM City’s pork imports surge in H1

02-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

More than 5,600 tonnes of pork, worth almost $10.3 million, was imported into HCM City during the year up to June, rising by 4,800 tonnes in volume and $8 million in value [...] » More