foreign banks take on different approach

Foreign banks take on different approach

Many foreign banks have recently set up wholly-owned operations or opened new branches in Vietnam.
stocks mixed banks fall on profit taking

Stocks mixed, banks fall on profit- taking

Vietnamese shares were mixed in the early session while investors remained cautious due to the market's volatility.
foreign invested project doesnt always mean foreign financed

‘Foreign-invested project’ doesn’t always mean ‘foreign-financed’

Many foreign-invested projects in Vietnam have been operating with capital borrowed from Vietnamese banks.
flooding in indian holy city halts cremations

Flooding in Indian holy city halts cremations

BENARES: India's holy city of Varanasi has been forced to halt cremations along the banks of the sacred river Ganges as deadly floods from monsoon rains hit parts of the country, an official said on Tuesday (Aug 23).
after rapid expansion banks in vietnam settle into stability

After rapid expansion, banks in Vietnam settle into stability

As a senior international banker who has spent years overseeing Vietnam’s economy and financial sector during a period of break-neck development, Dennis Hussey, the Greater Mekong Region head and CEO of ANZ Vietnam, has accumulated a deep understanding of Vietnam’s banking system. He shares his impressions on how the banking sector has evolved from a state of turmoil to its present relative stability, and what the sector should do to take off into bigger markets. Trang Nguyen reports.
banks call for customers caution against cyber attacks

Banks call for customers' caution against cyber attacks

Commercial banks have called for customers to use caution when using telephones and the internet, as hackers may steal from them.
more lion city banks eye vietnam

More Lion City banks eye Vietnam

Singaporean banks have shown interest in the Vietnamese market, but it may take a while to see large-scale arrivals from the most developed banks in ASEAN.
new decree on conditions to establish tissue bank

New decree on conditions to establish tissue bank

The Prime Minister has issued Decree No 118/2016/ND-CP to adjust or supplement some articles of Decree No 56/2008/ND-CP on the organisation and operation of tissue banks and the National Coordination Centre for Human Organ Transplantation.
property developers irritated by released mortgaged property list

Property developers irritated by released mortgaged property list

The Ho Chi Minh City Department of Natural Resources and Environment’s recent release of a list of 77 housing projects mortgaged at local banks was met by divergent sentiments in the business community.
banks fail to meet cross ownership deadline

Banks fail to meet cross ownership deadline

Four months after the deadline set by the State Bank of Viet Nam (SBV) for resolving cross ownership in the banking system, the problem persists.
ha noi loans increase in seven months

Ha Noi loans increase in seven months

Credit in Ha Noi's commercial banks in the first seven months of the year rose 11.8 per cent against December last year to reach VND1,384 trillion (US$61.785 billion), the Ha Noi General Statistics Office estimated.
bio ethanol dung quat closed for unpaid debts

Bio Ethanol Dung Quat closed for unpaid debts

The Bio Ethanol Dung Quat Plant was closed for defaulting on the VND1.3 trillion debt it owed the banks, the State Bank of Viet Nam's Quang Ngai Province branch said.
anz reshapes local cash management landscape

ANZ reshapes local cash management landscape

Cash management solutions offered by banks can go the extra mile to help businesses manage costs, growth and profitability, not only in the domestic market but also with cross-border operations. ANZ (Vietnam) head of Transaction Banking Aseem Goyal shares with VIR’s Trang Nguyen the bank’s achievements in trade finance and cash management, and how ANZ has effectively assisted corporate clients to manage their financial objectives.
vib offers fast track loans for smes

VIB offers fast-track loans for SMEs

The Vietnam International Bank, one of leading commercial joint stock banks in Vietnam, just launched a new campaign for fast-track loans to small- and medium-sized enterprises (SMEs) which may be approved within 48 hours of submission of all documents.
value of banking assets touch 340bn

Value of banking assets touch $340bn

The total assets of commercial banks rose 4.26 per cent to touch VND7,630 trillion (US$340.62 billion) by the end of May against the end of last year.