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SSI receives $100 million unsecured syndicated loan from leading Taiwanese banks
27-07-2021 16:13
On July 26, SSI Securities JSC (HSX: SSI) announced a new $100 million unsecured syndicated loan package from a group of leading financial institutions from Taiwan.
Saigonbank to sell nearly 8.3 million BVB shares
27-07-2021 10:35
Saigon Bank For Industry And Trade (Saigonbank, SGB) has just announced the offering of more than 8 million shares of Viet Capital Commercial Joint Stock Bank (BVB).
US and Vietnam agree on currency blueprint
27-07-2021 09:00
A mutual arrangement between the US Treasury Department and the State Bank of Vietnam on currency policy has reaffirmed Vietnam’s exchange rate flexibility to be in line with financial resilience, and so as to not create an unfair competitive advantage in international trade.
Rosy half-year profits across the board at Vietnamese banks
26-07-2021 14:48
In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
Reference exchange rate up at week’s beginning (July 26)
26-07-2021 14:42
The State Bank of Vietnam set the daily reference exchange rate at 23,213 VND per USD on July 26, up 4 VND from the last working day of previous week (July 23).
Malaysia's CIMB greenlit to increase charter capital for Vietnamese bank arm
26-07-2021 10:52
Malaysian bank CIMB announced that the State Bank of Vietnam has approved its request to increase charter capital of its CIMB Vietnam One Member Limited Liability Bank from VND3.47 trillion ($150.87 million) to VND3.69 trillion ($160.43 million).
Financial behemoth MB Group likely to secure $5 billion in revenue by 2026
26-07-2021 10:36
Accelerating digital transformation and enhancing technology infrastructure to address customers’ ever-evolving demands are critical parts of MB Group’s development plan for the next strategic phase. With distinctive digitally-driven initiatives, MB is executing new banking propositions that uphold its role as one of the largest, most prestigious financial behemoths in Vietnam.
US removes tariff threats against Vietnam
24-07-2021 11:11
The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
Mizuho Bank eyeing mega Vietnamese expansion
23-07-2021 17:18
Savvy Japanese investors are acknowledging that the Southeast Asian market, and Vietnam in particular, is the central pillar of their business expansion strategy. Motokatsu Ban, manager and head of Japanese Corporate Department No.2 at Mizuho Bank Vietnam in Hanoi, discussed with VIR’s Luu Huong the special investment appetite of the Japanese, and how megabanks like Mizuho are taking on the latest trends in the financial landscape.
Lenders give nod to rate cuts to help out
23-07-2021 17:17
Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals – however, a tightening could be coming if inflation rises above expectations while policymakers try to avoid raising policy interest rates too early.
Making the right choices to save Vietnam Airlines
23-07-2021 14:35
Is bankruptcy really in the offing for Vietnam Airlines? Airlines in general in Vietnam had a poor 2020. Vietnam Airlines itself operated over 96,000 flights in 2020, down about 50 per cent on-year both for passengers and cargo. The airline’s revenues in 2020 fell by 59 per cent on-year to about $1.75 billion, and it lost about $500 million last year.
Visa makes it a breeze to receive funds from abroad with Visa Direct
21-07-2021 17:26
Visa, the world’s leader in digital payments, has partnered with Vietnamese banks to make it easier for Visa debit card holders to receive inbound remittances using MoneyGram and Remitly. Powered by Visa Direct, cardholders will receive the funds directly to their accounts in near real-time.
Vietnam's economic growth forecast lowered for 2021
21-07-2021 16:34
Vietnam's GDP growth forecast has been downgraded by Standard Chartered and the Asian Development Bank (ADB) by 0.2 and 0.9 percentage points, respectively.
US Department of Treasury and SBV reach mutual agreement on currency practices
21-07-2021 08:59
The US Department of the Treasury and the State Bank of Vietnam have had constructive discussions in recent months and reached an agreement to address the Treasury’s concerns about Vietnam’s currency practices.
Govt rolls out interest-free loans for companies to pay salaries
20-07-2021 19:13
The Viet Nam Bank for Social Policies has begun accepting applications from businesses for interest-free loans to fund furlough and salary payments, its deputy director, Bui Van Son, said.
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