The launch of Vincom Mega Mall Royal City, the largest underground retail complex in Asia, is expected to dramatically change the retailing landscape in Hanoi, and pose stiff competition to the current retail centres in the city. Vincom Mega Mall introduces many “firsts”… [Read more]
South Korea’s retail giant Lotte Mart is set to boost its investment in Vietnam in an attempt to expand its presence in the local market, Yonhap News Agency reported.
A Lotte Mart supermarlet in Ho Chi Minh City’s District… [Read more]
A Bulgarian man was sentenced Friday to two years in jail by a Vietnam court for using fake ATM cards to withdraw over VND180 million (US$8,500) from banks in the Southeast Asian country last year.
> > Bulgarian, Romanian nicked in Vietnam… [Read more]
(VEN) – At the close of the third quarter, many banks announced and/or paid dividends for 2012. Although the golden age of bank shares is over, dividends remain stable and relatively high. However, profit is not the number-one target of banks in 2013.
The payment… [Read more]
The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) inaugurated the new headquarters of its branch in Vientiane, Laos, on August 12. At the inauguration ceremony, Sacombank deputy director Nguyen Minh Tam said over the past… [Read more]
(VEN) – From single business transactions, the mergers and acquisitions (M&A) market in Vietnam grew to a total transaction value exceeding US$5 billion in 2012. However, most big M&A deals in 2012 involved foreign businesses. Foreign investors want to invest in… [Read more]
Some major banks have cut their dong deposit interest rates but said they are not ready to reduce lending rates yet. An unnamed Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank) official was quoted by news website thoibaokinhtesaigon as saying that the recent cuts in rates are… [Read more]
Nhan Dan Online – The Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank ) has announced a credit package of VND1 trillion (US$48 million) for individual customers who aim to purchase, build or repair their properties.
Under the package, which will last until May 31, customers can borrow… [Read more]
(VOV) – A number of commercial banks risk falling short of their annual profit targets after being disadvantaged by strict lending controls, low credit growth rates, and rising bad debts.
According to the Joint Stock Commercial Bank for Foreign Trade of Vietnam’s ( Vietcombank ) third quarter… [Read more]
At the signing ceremony
Nhan Dan – The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) will provide VND1 trillion (US$48 million) for Ho Chi Minh City’s price stabilisation effort in preparation for the upcoming lunar New Year (Tet) festival.
Sacombank and the City Department of… [Read more]
(CPV) – Overwhelmingly of 701 candidates around the nation, the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) just listed in the 50 top-performing companies in Vietnam (Top 50) run by Nhip Cau Dau Tu in partnership with Thien Viet Securities Company (TVS). … [Read more]
The State Securities Commission of Vietnam (SSC) last Friday slapped penalties on three individuals and organizations for breaching regulations while buying en mass the shares of Sacombank under a power transferring plan, something they did as early as March, while the transfer was completed a fortnight ago . … [Read more]
The Saigon Thuong Tin Commercial Joint Stock Bank, or Sacombank, is still operating normally, and the news reporting that it has been forced to reelect the board of directors is unofficial and groundless, said the State Bank of Vietnam in a recent document. In the document released… [Read more]