high cpi precursor to tightened policies

High CPI precursor to tightened policies

A tightening of monetary policies looks likely as the consumer price index continued its steep trajectory.
scb opened a flagship branch in hanoi

SCB opened a flagship branch in Hanoi

Standard Chartered Bank (Vietnam) yesterday opened its flagship branch in Hanoi with His Royal Highness The Duke of York attending the ribbon cutting to inaugurate the bank’s new branch.
foreign banks close to coveted new status

Foreign banks close to coveted new status

Prime Minister Nguyen Tan Dung last week gave the crucial green light for HSBC and Standard Chartered to secure more Vietnamese market shares in the near future.
investors set to enjoy markets golden touch

Investors set to enjoy market’s golden touch

Vietnam’s gold market continues to glimmer in investors’ eyes with local players much in demand.Nguyen Thanh Truc, director general of Agribank Jewellery Company, one of the largest bullion traders in domestic market, said the company was in discussion with several foreign banks including Bipielle Suisse Bank, Standard Chartered Bank and Japanese Mitsui Bank.

Big banks short changed

Giant global banks, such as HSBC and Standard Chartered Bank, may have to wait at least one more year to open their wholly-owned subsidiaries in Vietnam, while those from South Korea, Russia and Taiwan may get in sooner.

UK bank SCB wins out in bidding for ACB stake

The UK’s Standard Chartered Bank (SCB) has outbid its foreign rivals to acquire an 8.56 per cent stake in Vietnam’s second-largest joint-stock commercial bank, Asia Commercial Bank (ACB).