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Techcombank successfully concludes fourth offshore syndicated loan facility
26-04-2024 11:48
Techcombank has successfully concluded its fourth offshore syndicated loan with 15 banks, providing a strong oversubscription of the $200 million facility.
Standard Chartered revises down Vietnam's 2024 GDP growth forecast to 6 per cent
24-04-2024 15:04
Standard Chartered Bank has lowered its 2024 GDP growth forecast for Vietnam to 6 per cent from the previous 6.7 per cent due to lower-than-expected Q1 growth and global trade headwinds.
Japan's CADDi invests in Vietnam's fast-growing manufacturing industry
24-04-2024 14:27
CADDi, a leading manufacturing solutions provider from Japan, is banking on Vietnam's manufacturing industry with the recent launch of its CADDi Drawer, a flagship product innovation to accelerate the digital transformation process in Vietnam. Daisuke Takei, CEO of CADDi Vietnam, spoke with VIR's Thanh Van about Vietnam's manufacturing market and the company's expansion plan.
Softening demand to limit 2024 trade
24-04-2024 08:00
A slowdown in Vietnam’s trade is expected to undermine the nation’s current account, which is projected to remain positive this year on account of waning global demand and domestic production difficulties.
Vietnam should explore tax on gold investments amid auction strategy: expert
23-04-2024 14:47
This week, the State Bank of Vietnam (SBV) orchestrated a gold bar auction to stabilise the gold market. Prof. Tran Tho Dat, an economic advisor to the prime minister, mentioned that in addition to the auctions, allowing gold imports and imposing taxes on gold investment activities were necessary measures.
Techcombank targets strategic investor and announces dividend
23-04-2024 14:45
At Techcombank’s 2024 AGM on April 21, shareholder interest was notably high due to the bank's approach to dividends after several years of restrained distributions. Discussions also focused on seeking potential strategic investors to enhance shareholder value and on adopting a targeted approach to attract the affluent customer segment.
MB aiming for 30 million customers by end of year
22-04-2024 17:43
At the 2024 AGM of Military Commercial Joint-Stock Bank (MB) in Hanoi on April 19, the bank unveiled ambitious business targets and strategic directions ahead of its 30th anniversary in November.
MB finalises strategy for acquisition of distressed bank
22-04-2024 16:33
At Military Bank's (MB) AGM on April 19, CEO Pham Nhu Anh revealed that the bank has completed all necessary procedures for the compulsory transfer of a troubled bank, with a target completion date set for this year or 2025, contingent on government approval.
Vietnam central bank postpones gold bar auction
22-04-2024 15:27
The State Bank of Vietnam was to auction 16,800 taels of gold bars, branded by Saigon Jewelery Company (SJC), on the morning of April 22. However, an hour before the bid opening time, the central bank announced it was postponing the auction as there were not enough members to participate in the bidding and transfer deposits.
Gold market reforms paramount to stability
22-04-2024 10:18
Investigations of gold trading firms are to take place on possible market manipulation amid soaring domestic prices, at the same time as the central bank announced it would resume sales of gold bullion for the first time in over a decade.
Techcombank scoops two Stevie Awards
19-04-2024 18:35
Vietnam Technological and Commercial JSB (Techcombank) won in two categories at the 11th annual Asia-Pacific Stevie Awards, for Innovation in Brand Development and Most Innovative Marketing Team of the Year.
SBV outlines restructuring plans for troubled SCB
19-04-2024 18:27
During a press briefing on April 19, Dao Minh Tu, Geputy Governor of the State Bank of Vietnam (SBV), detailed the government’s strategy for aiding the beleaguered Saigon Commercial Bank (SCB).
Upbeat signs on the horizon right from Q1
19-04-2024 07:23
Following a challenging 2023, local businesses have returned upbeat results from the first quarter (Q1) of this year, heralding rosier prospects for the rest of 2024.
New USAID and Standard Chartered deal promotes clean energy in Vietnam
17-04-2024 08:00
The United States Mission to Vietnam announced the signing of an MoU between the United States Agency for International Development (USAID) and Standard Chartered Bank Vietnam on April 16.
Central bank to resume gold bar bidding after 11 years
16-04-2024 16:25
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
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