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Search Results: 2,205 results for keyword "banks".
Banks skeptical of BOT transport project relief
20-05-2020 14:00
Despite the Ministry of Transport’s proposal to increase the debt repayment period and cut lending rates for build-operate-transfer transport project operators, lenders remain concerned.
Techcombank raises $500 million in inaugural syndicated offshore loan facility
16-05-2020 10:04
Vietnam Technological and Commercial Joint Stock Bank, one of the largest joint-stock banks in Vietnam and a leading bank in Asia, has just fully drawn down its inaugural $500 million syndicated loan facility from international lenders.
SBV’s policy rate cut a positive sign for market, economy: experts
15-05-2020 10:20
The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
Landscape to shift through draft proposals for Law on Enterprises
15-05-2020 10:00
Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.
Lenders ditch sour debt with property auctions
28-04-2020 15:00
Vietnamese banks are speeding up the sale of distressed loans backed by real estate – a move to get loans off their books and mend balance sheets from being impeded by a bundle of debt.
Banks urged to further support COVID-19 affected customers
27-04-2020 09:29
Governor of the State Bank of Viet nam Le Minh Hung has called on commercial banks to urgently simplify lending procedures to help COVID-19-affected firms easily access preferential interest rate loans.
Japanese giant Sumitomo Mitsui Financial Group halts lending to new coal-fired power plants
21-04-2020 11:29
Sumitomo Mitsui Financial Group (SMFG) – one of the largest Japanese megabanks – announced that it would halt lending to new coal-fired power plants from May 1, 2020.
Banks still register encouraging performance amid COVID-19
18-04-2020 16:14
Many banks are still posting optimistic business results despite the disruptions of the global COVID-19 pandemic.
Reference exchange rate up 9 VND on April 16
16-04-2020 11:19
The State Bank of Vietnam set the daily reference exchange rate at 23,236 VND per USD on April 16, up 9 VND from the previous day.
Two foreign banks' representative offices have licences withdrawn
14-04-2020 16:28
The State Bank of Vietnam (SBV) issued the decision to withdraw the licences of the representative offices of two foreign-invested banks, namely Kookmin from South Korea and Commonwealth Bank of Australia on April 8 and April 10.
Reference exchange rate up 7 VND
14-04-2020 10:02
The State Bank of Vietnam set the daily reference exchange rate at 23,223 VND per USD on April 14, up 7 VND from the previous day.
Banks sell mortgaged assets to resolve bad debts
12-04-2020 19:23
Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
Commercial banks cut profit target amid COVID-19 pandemic
09-04-2020 08:42
Many banks in Vietnam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.
Banks change executives on threshold of AGMs
08-04-2020 20:55
Amidst the complicated development of the COVID-19 pandemic, many banks have postponed their annual general shareholders' meetings, yet affected great changes in management.
Banks ramp up support for customers in COVID-19 time
07-04-2020 14:56
Amidst the unpredictable developments of the COVID-19 epidemic, many banks have slashed lending rates by up to 2 per cent per year to help customers mitigate the implications on their lives and business.
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