Archive for February 1st, 2020

Various economic issues matter in spite of reasonable credit

01-Feb-2020 Intellasia | Dau Tu Chung Khoan | 6:02 AM

Tran Du Lich, a member of the prime minister’s Economic Advisory Group, said that the credit growth target set by the banking sector this year at 14 percent was [...] » More

Vietnam government to raise registered capital at major state-run banks in Q1

01-Feb-2020 Intellasia | HanoiTimes | 6:02 AM

All four major state-run banks, including Vietcombank, Vietinbank, Agribank and BIDV, are expected to qualify for Basel II standards in 2020. The Vietnamese government plans [...] » More

Foreign investors buy treasury shares of MBBank

01-Feb-2020 Intellasia | Bao Dau Tu | 6:02 AM

Military Commercial Joint Stock Bank (MBBank) transferred 21.4 million treasury shares on January 22. The number of shares was still lower than the number of shares [...] » More

Sacombank profit exceeds 21.4 per cent of target

01-Feb-2020 Intellasia | VNS | 6:02 AM

Sacombank’s consolidated profit before tax reached VND3.2 trillion (US$137.8 million) last year, more than 21 per cent in excess of its target. Its non-interest income [...] » More

Gold climbs on fast-spreading coronavirus outbreak

01-Feb-2020 Intellasia | VNS | 6:02 AM

Local gold prices rose on Thursday amid rising concerns over the coronavirus outbreak in China which buoyed demand for safe assets. In the afternoon, prices quoted by Saigon [...] » More

The banking industry has M&A deal at billions US dollar

01-Feb-2020 Intellasia | Dau Tu Chung Khoan | 6:02 AM

In addition to the acquisition of 15 percent of Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) shares that foreign partner Korean Exchange Bank [...] » More

Reference exchange rate up 11 VND on January 31

01-Feb-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,196 VND/USD on January 31, up 11 VND from the previous day. With the current trading band of +/-3 [...] » More

Vietcombank freezes several accounts after unauthorised overseas transactions

01-Feb-2020 Intellasia | TuoitreNews | 6:02 AM

Vietnamese lender Vietcombank was forced to freeze some customers’ accounts after a drove of unauthorised transactions were reported earlier this week. Customers of [...] » More

Total goods and service retail sales up in January

01-Feb-2020 Intellasia | VNS | 6:02 AM

Total retail sales of goods and services in January were estimated at VND448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year-on-year, according [...] » More

Sales rise by 10-15 per cent in HCM City during Tet

01-Feb-2020 Intellasia | VNS | 6:02 AM

Ending the peak business season on the occasion of Tet (Lunar New Year), purchasing power increased by 10-15 per cent on average over the same period in 2019 in which sales [...] » More

EABC 2020 to promote development of MSMEs

01-Feb-2020 Intellasia | VNA | 6:02 AM

Many initiatives will be offered to foster cooperation among regional businesses towards further promoting trade and investment exchange in the region after Vietnam takes [...] » More

VN retail market still large enough for newcomers

01-Feb-2020 Intellasia | Vietnamnet | 6:02 AM

The retail sector still saw strong growth in 2019, especially in second-class cities, but it cooled down in large cities. A report showed that the total retail turnover of [...] » More

Vietnam slips into $100 million trade deficit

01-Feb-2020 Intellasia | VN Express | 6:02 AM

Vietnam is expected to post a $100 million deficit in January after six consecutive months of trade surpluses. The general Statistical Office (GSO) estimates export turnover [...] » More

Export, import activity soars at start of Lunar New Year

01-Feb-2020 Intellasia | VNS | 6:02 AM

Export and import activities have been busy since the start of the Lunar New Year (January 25), with some product groups reaching an export value of over $1 billion each. [...] » More

New decade of growth built on diligent and smart work

01-Feb-2020 Intellasia | VOV | 6:02 AM

As one of the fastest-growing economies, Vietnam still needs to reduce regulatory burdens and promote economic integration to achieve the country’s sustainable [...] » More