Archive for November 22nd, 2019

Reference exchange rate up 9 VND on November 21

22-Nov-2019 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,148 VND per USD on November 21, up 9 VND from the previous day (November 20). With the current [...] » More

Interest rate ceiling fall puts pressures on banks

22-Nov-2019 Intellasia | Vietnam Finance | 6:02 AM

The State Bank of Vietnam (SBV) had recently issued two documents to adjust the interest rate ceiling, both the mobilisation and lending in the market one (market of economic [...] » More

Decree details fines on monetary-banking violations

22-Nov-2019 Intellasia | VNA | 6:02 AM

The government has issued a decree specifying regulations on administrative fines for violations in the monetary and banking sectors. Under Decree 88/2019/ND-CP, a warning [...] » More

Many banks restart their listing plan after shares surge

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

Recently, the banking stocks have created a strong impression on the market. Therefore, requiring all commercial banks to go listed and to register their securities [...] » More

HDBank wins best green credit financing award

22-Nov-2019 Intellasia | VNS | 6:02 AM

HDBank has been named the bank with the best green credit financing and the best customer service in 2019 by Vietnam Economics Times. The awards are based on surveys of [...] » More

IFC divests from VietinBank

22-Nov-2019 Intellasia | Vietnam Finance | 6:02 AM

The International Finance Corporation (IFC) had just announced to have sold more than 57.37 million CTG shares of Vietnam Joint Stock Commercial Bank for Industry and Trade [...] » More

GPBank announces to look for partner for restructuring

22-Nov-2019 Intellasia | BizLIVE | 6:02 AM

New information from Global Petro Sole Member Limited Commercial Bank (GPBank) showed that the bank is in need of looking for competent investors that meet the conditions [...] » More

Vietnam’s bond market grows 1.9pct in Jan-Sep, reaching $55 billion

22-Nov-2019 Intellasia | HanoiTimes | 6:02 AM

This expansion was due mainly to a 4 percent on-quarter growth in government bonds to $51 billion as the central bank increased issuance of bills. Vietnam’s bond market [...] » More

European capital eyes government bond as EVFTA takes effect

22-Nov-2019 Intellasia | VNS | 6:02 AM

The Europe-Vietnam Free Trade Agreement (EVFTA) is the process of being ratified for early 2020. For European investors, it will be a good opportunity to penetrate [...] » More

Investors keep pouring money into e-wallet despite losses

22-Nov-2019 Intellasia | HanoiTimes | 6:02 AM

The large market and great potential of the non-cash payment sector in Vietnam explain why investors keep pouring money into payment technology firms, though the firms [...] » More

Petty forex transactions face relaxed penalty

22-Nov-2019 Intellasia | The Saigon Times | 6:02 AM

The government has issued a decree on administrative sanctions against violations of monetary and banking regulations. Individuals involved in illegal foreign exchange [...] » More

After raising capital, will BIDV boost profit?

22-Nov-2019 Intellasia | Vietnam Finance | 6:02 AM

On November 11th, BIDV and KEB Hana Bank officially signed a strategic cooperation agreement and BIDV announced KEB Hana Bank to be the foreign strategic shareholder which [...] » More

VN government cautious when setting export growth target in 2020

22-Nov-2019 Intellasia | Vietnamnet | 6:02 AM

Vietnam expects to see spectacular export growth rate in 2019 despite influences from the US-China trade war, but the government has decided to maintain the same export [...] » More

Lawmakers vote to maintain working hours and raise retirement ages

22-Nov-2019 Intellasia | The Saigon Times | 6:02 AM

National Assembly deputies today, November 20, voted to maintain a standard workweek of 48 hours, plus the annual maximum overtime of 300 hours a year applicable to [...] » More

Decree sets age limit for imported used aircraft

22-Nov-2019 Intellasia | VNA | 6:02 AM

The age of second-hand aircraft imported into Vietnam is among new regulations in the government’s Decree 89/2019/ND-CP which amends and supplements some articles in [...] » More