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VietinBank ranked highest of Vietnam’s banks in Top 100 ASEAN Banks 2016
Among the 19 Vietnamese commercial banks listed in the Top 100 ASEAN Banks 2016 report released on April 8, VietinBank claimed top spot in terms of core capital and pre-tax profit.
Former demilitarized zone receives $500 million investment to boost economy
New Prime Minister Nguyen Xuan Phuc spent his second weekend in office calling for investment to the former demilitarized zone. The north central province of Quang Tri granted investment certificates to 18 projects with a total investment of VND10.6 trillion ($500 million) at a meeting to promote investment and tourism on April 17.
Vietnam banks slash loan rates to boost domestic business
Commercial banks have trimmed lending rates for businesses, putting a cap of 10 percent rate on medium and long-term loans, after the Prime Minister promised the business community a more favorable environment at a meeting on Friday.
April 28, 2016 | 11:34 pm PT
Big banks slash loan rates to help fishermen amid mass fish deaths
Several banks have taken measures to support fishermen along central coastal areas following mass fish deaths.
May 4, 2016 | 03:03 am PT
BIDV to provide massive $1 billion fund for northern border province
The Bank for Investment and Development of Vietnam (BIDV) has pledged to provide about $1 billion to finance various projects in the northern province of Lao Cai, which borders China, BIDV said on Monday.
May 8, 2016 | 08:06 pm PT
Central bank faces uphill battle to lower lending interest rates
The governor of the State Bank of Vietnam promised to reduce the lending interest rate by one percent this year regardless of the challenges that face the sector such as the need for deposits and inflation pressure.
May 9, 2016 | 02:24 am PT
Vietnam sticks to $45- billion state budget collection plan this year
Prime Minister Nguyen Xuan Phuc has asked the Ministry of Finance, relevant ministries and local governments to strive to implement the 2016 state budget collection scheme, which has been approved by the National Assembly.
June 6, 2016 | 05:14 pm PT
Vietnam seeks new loans to pay off mounting debt: BIDV
Vietnam is on the hunt for fresh credit to pay back existing debt after setting aside between 14 and 16 percent of total outstanding government loans and government-guaranteed loans to fulfil its debt obligations, said BIDV, one of the country’s largest lenders by assets, on Wednesday in a report.
June 8, 2016 | 04:11 am PT
BIDV becomes first bank in ASEAN to open branch in Myanmar
BIDV, Vietnam's biggest partly private lender by assets, said on Friday it has officially received a license to open a branch in Myanmar.
July 1, 2016 | 05:10 pm PT
Vietinbank tops Vietnam’s banking profits in the first six months
Vietinbank recorded a profit jump of more than 10 percent in the first half of the year.
July 13, 2016 | 10:11 pm PT
Scandal-hit Vietnamese firm cleans up $5 mln from share sale
SBIC has turned a surprise profit by selling its stake in an aircraft leasing company.
July 25, 2016 | 01:41 am PT
HSBC estimates Vietnam's foreign exchange reserves at $38 bln
The central bank may have escaped the impacts of Brexit without exhausting its foreign reserves.
July 30, 2016 | 08:26 pm PT
Vietnam's top bank BIDV gives in, pays cash dividend to government
The lender wanted to reinvest profits from the year 2015, but the finance ministry demanded cash payouts.
October 25, 2016 | 12:09 am PT
Vietnamese banks race to cash in on surging remittances before Lunar New Year
Many banks see remittances as an attractive business because they generate steady fees and require little capital.
January 11, 2017 | 11:39 pm PT
Vietnamese banks named among world's most valuable brands
BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance.
February 2, 2017 | 04:59 am PT
Vietnam to form $300 mln fund to protect coffee, rice production
Concessional loans from the World Bank will help support these key export products.
March 2, 2017 | 11:46 pm PT
Vietnam's top listed bank BIDV looking for steady profit in 2017
The Hanoi-based bank forecasts lending this year to rise by 16 percent, below the 18-percent annual increase in 2016.
April 24, 2017 | 12:45 am PT
Vietnamese banks protest after prosecutors call for $266 million to be returned at fraud trial
Pham Cong Danh is accused of stealing the money from his own bank and using it to secure loans with three other lenders.
January 25, 2018 | 08:13 pm PT
Court postpones sentencing in Vietnam's largest banking scandal, demands further probe
There is currently not enough evidence to press charges in the $270 mln embezzlement case, according to the court.
February 7, 2018 | 12:39 am PT
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