VP Bank has made a 0.5-1.0 percentage point increase on loans at all terms. - VNA/VNS PhotoViet Nam News HÀ NỘI – Interest rates for Vietnameseđồng loans have increased in the past two months after holding steady in the first half of the year. Reports from the Ho Chi Minh Securities Company showed that the rates rose by 0.46 percentage points against the end of last year to 7-9 per cent per year for short-term loans and 9-12.5 per cent for medium and long-term loans. The reports named some banks such as Agribank, Military Bank, Sacombank, VP Bank and ACB, which have adjusted rates upwards in the past two months. Agribank has increasedthe rates on short-term loans by 0.2 percentage points and 0.7-1.3 percentage points for medium and long-term loans. Sacombank and VP Bank have made a 0.5-1.0 percentage point increase on loans at all terms while Military Bank has adjusted up the rates by 0.95 percentage points on short-term loans. ACB also hiked the … [Read more...] about Lending interest rates on the rise at VN banks
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Vietnam’s first tissue bank inaugurated at Vietnam – Germany Hospital
At the inauguration ceremony (Source: VNA) Hanoi (VNA) – The Vietnam – Germany Hospital inaugurated a tissue bank, the first of its kind in Vietnam, on October 16. Hospital Director Tran Binh Giang said the bank is tasked with collecting, preserving, storing, and supplying tissues for medical and research establishments, as well as partnering with foreign individuals and organisations for health check-ups and treatment. As the first surgical hospital in Vietnam, the Vietnam – Germany Hospital conducts tens of thousands of surgeries each year to transplant hearts, blood vessels, and bones, which are in high demand in the country. It is expected to become a leading research and training centre on tissue preservation and stem cell transplantation, as well as transfer technology to other tissue banks which are to be set up in the future. Earlier, Minister of Public Security To Lam met two patients who underwent successful viscera … [Read more...] about Vietnam’s first tissue bank inaugurated at Vietnam – Germany Hospital
Vietnam’s first tissue bank inaugurated at Vietnam
At the inauguration ceremony (Source: VNA) Hanoi (VNA) – The Vietnam – Germany Hospital inaugurated a tissue bank, the first of its kind in Vietnam, on October 16. Hospital Director Tran Binh Giang said the bank is tasked with collecting, preserving, storing, and supplying tissues for medical and research establishments, as well as partnering with foreign individuals and organisations for health check-ups and treatment. As the first surgical hospital in Vietnam, the Vietnam – Germany Hospital conducts tens of thousands of surgeries each year to transplant hearts, blood vessels, and bones, which are in high demand in the country. It is expected to become a leading research and training centre on tissue preservation and stem cell transplantation, as well as transfer technology to other tissue banks which are to be set up in the future. Earlier, Minister of Public Security To Lam met two patients who underwent successful viscera … [Read more...] about Vietnam’s first tissue bank inaugurated at Vietnam
Brokerage revises up earnings forecasts for Vietnam banking sector
The Hanoitimes - The brokerage firm expected the credit growth of its Vietnamese bank universe to remain robust, at 16% median in 2018 (19% in 2017), followed by 15% in 2019. Viet Dragon Securities Company (VDSC) has raised its earnings forecasts by a median 2% for the Vietnamese banking industry for the fiscal year of 2018f and 4% for 2019. The brokerage firm's earnings per share (EPS) forecast upgrades for Asia Commercial Bank (ACB), Ho Chi Minh Development Bank (HDBank) and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) are offset by downgrade in its earnings projections for Bank for Investment and Development of Vietnam (BIDV), Commercial Bank for Foreign Trade of Vietnam (VietinBank) and Military Bank (MB). ACB leads the upgrades with a 36% increase in VDSC's 2018 EPS forecast, mostly driven by lowering the loan impairment charges to 39 basic points of loans (since the asset clean-up is now largely completed). Moreover, VDSC expected that ACB can … [Read more...] about Brokerage revises up earnings forecasts for Vietnam banking sector
Vietcombank sells less than 1% of Military Bank shares on offer
The Hanoitimes - Vietcombank is expected to offer the remaining shares amount on the stock market via put-through transaction, for which the specific date has not been disclosed. Only 10,000 out of 53.4 million shares of the Military Bank (MB) offered by Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) were sold at an auction on October 15, according to the Hanoi Stock Exchange (HNX). Illustrative photo. Under the current regulation, the successful bidding price must not be lower than the starting price and the price of MB share at the close of the auction date on October 15, which stood at VND19,641 (US$0.84) and VND21,300 (US$0.91) per share, respectively. A total of 10 investors took part in the auction, but only one successfully purchased 10,000 shares at the price of VND21,900 (US$0.94) apiece, while the remaining nine failed to buy the registered amount of 5.93 million shares at offering prices lower than VND21,300 (US$0.91). … [Read more...] about Vietcombank sells less than 1% of Military Bank shares on offer