developer of hanoi haiphong expressway loses 110000 a day

Developer of Hanoi-Haiphong Expressway loses $110,000 a day

After more than two years in operation, VIDIFI JSC is facing difficulties as total revenue cannot cover its interest payments.
banks raise charter capital on own power for basel ii

Banks raise charter capital on own power for Basel II

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership limits and hassles during negotiation have made local banks less attractive.
sonkim land joins development team of metropole thu thiem

SonKim Land joins development team of Metropole Thu Thiem

Leading real estate developer SonKim Land Corporation, Quoc Loc Phat JSC (Quoc Loc Phat), and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have signed a strategic cooperation agreement and officially kicked off The Metropole Thu Thiem project in Thu Thiem New Urban Area (District 2, Ho Chi Minh City).
viecombank to stop internet banking on old systems

Viecombank to stop internet banking on old systems

Vietcombank will stop providing the VCB-iB@nking service on old browsers and operating systems (OS) from June 30.
banks warn customers over online scamming

Banks warn customers over online scamming

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have issued official warnings to customers over online phishing scams.
banks buying back bad debts from vamc

Banks buying back bad debts from VAMC

Treading in Vietcombank’s footsteps, banks are stepping up efforts to buy back bad debts from state-owned Vietnam Asset Management Company to cushion the bad debt threat.
former vietcombank branch director accused of swindling 64 million

Former Vietcombank branch director accused of swindling $64 million

The former director of the Tay Do branch of Vietcombank in Can Tho, Nguyen Minh Chuyen, has been prosecuted for swindling VND1.44 trillion ($64 million) from the bank.
stable foreign exchange rate expected in 2018

Stable foreign exchange rate expected in 2018

Some commercial banks appreciated the US dollar after last week’s interest rate hike by the US Federal Reserve (Fed). Experts, however, have said the exchange rate between the US dollar and Vietnamese đồng is likely to remain relatively stable throughout the year.
government okays vietcombank stake sale to foreign investors

Government okays Vietcombank stake sale to foreign investors

After the government green-lighted Vietcombank to sell the state-owned stake to foreign investors, the bank is expected to sell a total of 10 per cent, commensurate with over 350 million shares, in a separate issuance and/or through public auction to a limited number of foreign investors.
vietcombank adjusts service charges yet again

Vietcombank adjusts service charges yet again

Recently, Vietcombank adjusted its banking service charges for the second time, effectively from April 15, after the first alteration of the service charge on March 1, raising controversy among the bank’s long-term clients.
vietcombank continues quest to divest ocb

Vietcombank continues quest to divest OCB

In an effort to reduce its cross-ownership at local banks, Vietcombank is on route to auction over 6.6 million shares of Orient Commercial Bank (OCB) on April 17, at the starting price of VND13,000 ($0.59) per share.
waves of objections against vietcombanks service fee rise

Waves of objections against Vietcombank's service fee rise

In early March, Vietcombank officially announced adjusting its service fee, especially fees for online bank transactions.
exchange rate to stabilise in 2018

Exchange rate to stabilise in 2018

Despite the high devaluation of the Vietnamese dong against the US dollar after Tet (Lunar New Year) holidays, experts believe the exchange rate will remain stable this year.
fitch upgrades issuer default ratings of vietnamese banks

Fitch upgrades Issuer Default Ratings of Vietnamese banks

Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDR) of Vietnam’s Military Bank (MB) to ‘Stable Outlook,’ while affirming the IDR of Vietcombank, Vietinbank, and Agribank at 'B+' with a Positive Outlook.
vietcombank sell down sends national airline crashing

Vietcombank sell-down sends national airline crashing

Vietcombank’s recent move to put 7.6 million shares of Vietnam Airlines on sale is lauded as a shrewed decision.