fpt lao telecom close 25m deal

FPT, Lao Telecom close $2.5m deal

Last week FPT Group’s Information Systems (FPT IS) announced it had completed negotiations on a $2.5 million telecommunications contract with the Lao Telecom Company.
credit target to be out of reach

Credit target to be out of reach

Experts are expressing doubt about Vietnam’s credit growth target for the whole year after the first eight months failed to show progress.
consumer lender honoured

Consumer lender honoured

PPF Vietnam Finance, the largest consumer finance company in Vietnam operating under the Home Credit brand, has just won the award “Trusted brands, products and services 2013” granted by the Vietnam Fatherland Front Central Committee. PPF Vietnam CEO Friedrich Weiss spoke with VIR’s Nguyen Trang about this award and the development of the consumer finance sector.
pvcombank to make its debut

Pvcombank to make its debut

A new bank born from the merger of PetroVietnam Finance and Western Bank is expected to make its debut in October this year.
banks recommit to credit risk management

Banks recommit to credit risk management

Over the next 12 months banks will increase their investment into better credit risk management processes.
life insurance giants eye lucrative market

Life insurance giants eye lucrative market

Vietnam’s life insurance market is expected to witness more big foreign players in the coming time.
bank profit woes

Bank profit woes

Bank profits in the first six months were unexpectedly low after many banks revealed disappointing first half results.
mas to rise as banks restructure

M&As to rise as banks restructure

Merger and acquisition activities in Vietnam’s banking sector are expected to get more robust in the coming time as local banks accelerate restructuring and work to increase their competitiveness.
fpt appoints new ceo

FPT appoints new CEO

The Board of Directors of the FPT Corporation passed a resolution to appoint Bui Quang Ngoc as the CEO of FPT Group, replacing Truong Gia Binh.
fpt groups profit rose in the first half

FPT Group’s profit rose in the first half

FPT Group earned pretax profit of $60.8 million in first six months of this year.
vamc revs up for bad debt challenge

VAMC revs up for bad debt challenge

The Vietnam Asset Management Company (VAMC) would officially begin activities from July 26 this year with the task of helping resolve bad debts and boost credit growth in Vietnam. At its launch ceremony last week, VAMC general director Nguyen Huu Thuy spoke with VIR’s Nguyen Trang about its operations and prospects of impact on the economic picture.
it applications in banking urgent for vietnamese and myanmar firms cooperation

IT applications in banking urgent for Vietnamese and Myanmar firms’ cooperation

Today a workshop on “Application and development of information technology in banking and finance in Vietnam & Myanmar” was co-organised by the Association of Vietnamese Investors in Myanmar (AVIM), the Bank for Investment and Development of Vietnam (BIDV) and FPT Corporation in Myanmar.
voluntary pension insurance put on the right track

Voluntary pension insurance put on the right track

Legal framework unveiled for voluntary pension insurance to be introduced in Vietnam within the month.
fpt is vietnam automated cargo clearance system ready for enterprises

FPT IS’ Vietnam Automated Cargo Clearance System ready for enterprises

FPT IS, a member of the FPT Corporation, today announced its plan to upgrade its current FPT.eCustoms electronic customs declaration software to be compatible with the Vietnam Automated Cargo Clearance System (VNACCS) for enterprises.
bumper issuance hints at looming bond boom

Bumper issuance hints at looming bond boom

After strong growth in the first six months, the government bond market is expected to boom in the second half of this year.