Bank sign up deals

Sun Life Vietnam (Sun Life) is a life insurance company with 100 percent capital from Sun Life Financial, a leading international financial service organization with 154 years of experience from Canada. Sun Life is an established industry pioneer and market leader in pensions for both individual and corporate clients in Vietnam. With the strategy Client for Life, the firm aims to help clients achieve lifetime financial security and live healthier lives. … [Read more...] about Sun Life Vietnam and TPBank signs exclusive bancassurance deal

The ministry has recommended that investors get access to the evaluation reports by financial firms before buying corporate bonds to understand the target and financial status of the bond issuer as well as the chances and risks of the bond deal. Underwriters and distributors are asked not to sell corporate bonds at all cost and to practice responsibility for providing accurate, transparent information of the bond issuer and the issuance to protect investors. … [Read more...] about Corporate bonds compete with banking deposits

HCM City (VNA) – The Ho Chi Minh City People’s Committee and the Royal Melbourne Institute of Technology (RMIT) of Australia on January 22 signed a memorandum of understanding (MoU) on cooperation in tertiary education and smart city building. Sealed at a virtual ceremony, the MoU covers the two sides’ join work in the next five years with a focus on international-standard tertiary education in IT and communications, mechanical engineering-automation-AI, business management, finance, banking, tourism, health, and urban management. Per the pact, the two sides will also intensify their collaboration in conducting joint researches on green city projects; strengthening connection between their research and start-up communities for innovation ideas and technology transfer; and exchanging experience in urban planning, public transport improvement, and environmental protection. The southern economic hub and the institute has agreed to promote innovation and startups, and … [Read more...] about HCM City, Australian institute seal cooperation deal

However, thanks to the striking recovery in the bank's business performance, BIDV's share price skyrocketed by 50 per cent in the last two months, sending off inviting signals to potential foreign investors. To date, numerous banks in the ASEAN and Northwest Asian region expressed interests in strategic partnership with BIDV. … [Read more...] about Government okays Vietcombank stake sale to foreign investors

Total revenue of 19 Stated-owned enterprises reached over 767 trillion VND (33.26 billion USD), equivalent to 87.36 percent of the yearly target and 85.72 percent of the result in 2019. Their pre-tax profit was estimated at over 21 trillion VND, while the State budget payment of 17 out of the 19 enterprises hit over 56 trillion VND, equivalent to 112 percent of the goal for 2020 and 79.3 percent compared to that in 2019. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 13