The circular aims to specify and limit risks on consumer loans of commercial banks to… [Read more]
It upgraded the ratings of the Viet Nam International Bank (VIB) by one notch to B2, while affirming the ratings of five other banks at… [Read more]
In June 2013 Hoang Thi Kim Hoa deposited VND150 million (US$7,000) in a bank near her house in HCM City. With the interest rate being 6.8 per cent, she got more than VND800,000 each month. But since then the rate has been falling relentlessly, reaching 5.3 per cent… [Read more]
A recent study by KPMG Ltd revealed that 85 per cent of polled banks in Viet Nam… [Read more]
Thailand’s Beri Juker Public Co . Ltd (BJC) signed a deal earlier this month to buy the Viet Nam operations of Germany wholesaler Metro for US$876 million.
Metro, which came to the country in 2002 and has 3,600 employees nation-wide, reported revenues of $692 million in… [Read more]
With real estate as collateral, SMEs can borrow up to VND20… [Read more]
The lenders that have invested in debt papers include Vietnam Prosperity Bank (VPBank), Military Bank (MBB), Bank for Investment and Development of Vietnam (BIDV), Vietnam Bank for Agriculture and Rural Development ( Agribank ), Bank for Foreign Trade of Vietnam (Vietcombank), Maritime… [Read more]
It has enjoyed average growth of 15-25 percent for the past 10 years, with exports increasing… [Read more]
The 10,000-square-metre Tavico wood market in the southern province of Dong Nai , which provides wood for the province and neighbouring localities. – VNA/VNS Thanh Vu
HCM CITY (VNS) – The wood processing industry has a huge opportunity to expand its markets both at home… [Read more]
Vietnam’s small and big banks alike have been trying to raise their registered capital to increase their financial capacity and/or avoid being merged and acquired, but many have failed.
In 2012 DongA Bank was approved by the State Bank of Vietnam (SBV) to raise… [Read more]
To support capital demand for business expansions of small and medium enterprises (SMEs), Vietnam Prosperity Bank ( VPBank ) has launched two low-rate credit programmes for SMEs.
Notably, the lender spared VND2 trillion of preferential credit bearing an interest rate of 5 percent per annum for SMEs. Accordingly, they… [Read more]
According to statistics, in the period of 2011-2013, eight weak banks were restructured; one weak bank was self-restructured. For the first 6 months of 2014, the State bank of Vietnam (SBV) approved 6 out of 25 restructuring projects of commercial banks. State owned commercial banks and joint stock commercial banks… [Read more]
(VOV) -The Europe Business Assembly (EBA) on July 2 honoured Civil Engineering Construction Corporation No . 4 (CIENCO4) as among one of the ‘ Best Enterprises ‘ at an awards ceremony in Stresa, Italy.
Savills Vietnam storms Asia Pacific Property Awards 2014 … [Read more]
At shareholders’ meetings this year many banks unveiled plans to acquire finance companies to take advantage of their retail business and boost lending.
The Sai Gon-Ha Noi Joint Stock Commercial Bank (SHB) is the latest to announce such plans. With the acquisition, SHB expects to achieve its… [Read more]
They were worth 10.4 billion USD last year to rank third in the country’s list of key exports, Lefaso Deputy Chairman… [Read more]