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Appeal trial for BIDV-related violation case to open on June 28
11-06-2021 19:46
An appeal trial for the case related to violations of regulations on banking activities and abuse of trust to appropriate assets at the Bank for Investment and Development of Vietnam (BIDV), Binh Ha Livestock JSC and Trung Dung Trade and Tourism Co. Ltd. will take place from June 28-30, the High-level People’s Court in Hanoi announced on June 11.
Vietnam capable of achieving twin targets: ADB Country Director
11-06-2021 19:22
Vietnam has sufficient conditions to achieve the twin targets of curbing the COVID-19 pandemic and securing economic growth in 2021, according to Country Director of the Asian Development Bank (ADB) Andrew Jeffries.
BAC A BANK launches new app programme
10-06-2021 18:18
In order to spur on non-cash payment and optimise e-bank transactions, BAC A BANK is deploying a preferential programme on installing its app for enterprise customers.
Visa partners Sacombank to launch Business Reporting, an SME spend management tool
10-06-2021 15:52
Visa, the global leader in digital payments, has teamed up with Sacombank to provide small- and medium-sized enterprises (SMEs) in Vietnam with access to an enhanced spend management tool designed to help manage their business expenses more effectively. Visa Business Reporting enables SMEs to track where and how their money is spent, and if they are going beyond budget, making it easier to manage cash flow and compile accurate business expense reports.
Unsecured debts require regulation
10-06-2021 09:00
Unsecured loan sales may see growth accelerated in response to a Vietnamese government ban on debt collection services – however, experts believed a clearer legal framework and firmer rules would help spur a more substantial unsecured debts market.
Techcombank locks foreign ownership ratio at 22.5 per cent
09-06-2021 20:52
The Ho Chi Minh City Stock Exchange (HSX) has just announced that the Hanoi-based commercial bank Techcombank confirmed setting its foreign ownership limit at 22.4908 per cent.
Central coast tourism businesses required to tighten their belts
09-06-2021 16:10
The recent COVID-19 outbreak has brought many tourism entrepreneurs in the central localities of Quang Nam and Danang to the verge of bankruptcy. Before this outbreak, central coast localities such as Quang Nam, Danang, Thua Thien-Hue, and Quang Binh prepared many promotion activities to attract tourists during the peak summer season.
Finland-based PYN Elite captures rosy gains thanks to banking stocks since 2012
09-06-2021 10:02
PYN Elite reported the most positive gains in May since 2012.
Leflair rumored to get new owner after bankruptcy filling
08-06-2021 08:00
The e-commerce market is heating up following the news of e-commerce brand Leflair making a return under the wings of a new investor.
BAC A BANK donates cash to COVID-19 vaccine fund
07-06-2021 16:22
At the launching ceremony of Vietnam’s national COVID-19 Vaccine Fund in Hanoi on June 5, BAC A BANK, TH Group, and the Vietnamese Stature Foundation donated VND46 billion ($2 million).
Lenders take up pandemic vaccine contribution cause
07-06-2021 10:00
With Vietnam’s fresh COVID-19 vaccine fund launched, credit institutions are drawing on their expertise, implementing zero-free programmes and extending roadmaps for debt rescheduling to ramp up their assistance for a mass vaccine drive.
Navigating the transition from LIBOR
07-06-2021 07:00
The transition from the London interbank offered rate to the risk-free rate will have a wide-ranging impact on banks globally. In the Asia-Pacific region, a significant number of banks will be affected by the transition as most floating rate loans are denominated in USD. Japanese yen loans also make up a significant portion of total exposures.
HDBank announces distribution of dividend and bonus shares to increase charter capital
05-06-2021 09:32
HDBank (HSX: HDB) has just announced a decision to increase charter capital to more than VND20.27 trillion ($881.3 million) by paying share dividend for 2020 and issuing shares to employees.
Foreign investors seek PPP guarantees to incite interest
05-06-2021 00:58
While new public-private partnership ventures and new legislation are in the gun barrel waiting for potential investors to join, possible concerns over risk protection are still in the way, possibly threatening the bankability of the country’s future transport plans.
Lancaster Luminaire, Hanoi’s Vietnam-Japan Luxury apartments launched in Hong Kong
04-06-2021 18:21
Asia Bankers Club, Ashton Hawks, and Golden Emperor Properties have signed an MoU to be the exclusive marketing agents of Lancaster Luminaire, Hanoi’s latest luxury residential project developed jointly by Trung Thuy Group of Vietnam and Japan’s Toshin Development of Takashimaya Group.
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