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World Bank approves nearly 130 million USD to help Nghe An province improve livability
31-07-2023 16:45
The World Bank Board of Directors on July 31 approved a project worth 129.6 million USD to strengthen flood resilience and improve sanitation, transport, and public space infrastructure in Nghe An province's Vinh city - a political, economic, and cultural centre of the north-central coastal region.
KfW bank and EVN set to expand Tri An hydropower plant
31-07-2023 14:24
Germany's KfW Development Bank and Vietnam Electricity (EVN) have agreed on terms for the expansion of the Tri An Hydropower Plant, with the plan to finance the project directly through KfW, circumventing the need for government guarantees.
MB posts stellar performance in H1
31-07-2023 14:21
Military Commercial Joint Stock Bank (MB Bank) has affirmed its position by recording robust business results in the first half of 2023, maintaining momentum in the execution of its strategic plan.
VIB profit up 12 per cent in H1
31-07-2023 08:00
Vietnam International Bank (VIB) recorded profit before tax of over VND5.64 trillion in the first half of 2023, up 12 per cent on-year.
BVBank exhibits resilient growth amid challenging economy
29-07-2023 09:00
Despite the economic hurdles of 2023, BVBank (BVB), upholding its retail banking model, reported steady business outcomes for the first half of the year.
ECB opens door to pause in rate hiking campaign
28-07-2023 17:47
The European Central Bank lifted a key interest rate to its highest level since early 2001 on Thursday as it fights stubborn inflation but opened the door to pausing its aggressive rate hiking campaign.
Yen swings after Bank of Japan policy tweak, Asian equities mixed
28-07-2023 17:16
The yen fluctuated Friday after Japan's central bank tweaked its ultra-loose monetary policy, while other Asian stocks were mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.
PM orders measures to increase businesses’ credit access
28-07-2023 10:26
Prime Minister Pham Minh Chinh on July 27 signed to issue a document clarifying measures to enhance businesses’ access to credit.
SHB and SeABank enter VN30 Index
27-07-2023 16:37
SHB and SeABank have secured spots in the Ho Chi Minh City Stock Exchange's (HSX) VN30 Index, a notable indicator of industry leadership and robust performance within Vietnam's financial sector.
International aid for carbon mitigation now on the table
27-07-2023 11:22
International institutions, including the World Bank, are willing to provide financial aid for Vietnam’s agricultural sector to complete carbon emissions mitigation.
Aspirations become reality with support from the VBSP
26-07-2023 17:39
Policy credit from Vietnam Bank for Social Policies has contributed to turning the aspirations of determined people into reality.
Expansions ripe with South Korean banks
26-07-2023 14:00
As South Korean banks grapple with intensifying domestic rivalry, they are strategically shifting their focus to Southeast Asia, particularly Vietnam, as an emergent arena for growth and expansion.
Ricons triggers legal dispute against Coteccons over unsettled debt
26-07-2023 09:54
A longstanding financial dispute involving outstanding debts from economic contracts has culminated in a bankruptcy petition against Coteccons Construction JSC by Ricons Construction JSC.
Divergence in profit forecasts likely heading into 2024
26-07-2023 08:00
Multiple securities reports have forecasted that the pre-tax profit of the entire banking industry will experience a deceleration and subsequently exhibit a significant divergence over the next year, but bank stocks are still highly sought after.
Vietnam considers risk-free bonds
25-07-2023 17:17
The Government has assigned the Ministry of Finance to study a proposal to allow the State Bank of Vietnam to guarantee payment of bank bonds, just like with bank deposits.
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