sai gon port to sell shares to banks

Sai Gon Port to sell shares to banks

Sai Gon Port Company Limited will sell some 35.7 million shares to VietinBank and VPBank, which it plans to select as its strategic investors, during an auction on August 28.
gas firms and banks drive down market

Gas firms and banks drive down market

Gas firms and banks drove Vietnamese shares down this morning.
investment climbs in property sector

Investment climbs in property sector

Investment inflows into the property sector has surged, especially credit from banks, said Nguyen Tran Nam, former deputy minister of Construction and chairman of the Viet Nam Real Estate Association (VREA).
better business enables banks to hire another 2000 workers

Better business enables banks to hire another 2,000 workers

Better business performance in the first half of this year has helped many commercial banks enlarge their human resources.
policies could help smes borrow

Policies could help SMEs borrow

The Government should have appropriate policies to enable credit guarantee funds to operate more efficiently so that small- and medium-sized businesses can borrow easily from banks, a conference heard in HCM City last Friday.
trust proves vital to banks rising star

Trust proves vital to bank’s rising star

It is not by chance that the Bank for Investment and Development of Vietnam has become one of the top lenders in Vietnam. Innovative thinking and a determination for constant improvement have paid off, distinguishing the financial institution from other domestic banks. With its long-term commitment and clear vision, the bank has set a goal to become one of the top 10 banks in Southeast Asia by 2030.
experts pick holes in new bank guarantee for apartment buyers

Experts pick holes in new bank guarantee for apartment buyers

A proposed decree to guide the recent amendments to the Law on Real Estate Business that requires housing developers to get guarantees from banks before they can sell or lease out units needs to be more specific to ensure safety, a developer has warned.
sbv explains changes to personal loan limit

SBV explains changes to personal loan limit

A representative of the State Bank of Viet Nam has confirmed that individuals can borrow money from banks without any limit if they fulfil the banks' requirements.
abundant liquidity key driver in omo development

Abundant liquidity key driver in OMO development

During the second quarter of 2015, the State Bank of Vietnam (SBV) withdrew large amounts of funds by issuing bills. At the same time, banks had little demand for borrowing from the SBV, demonstrated by the limited value of reverse repo transactions. Ample banking liquidity, limited issuance in the primary bond market in line with large foreign capital inflows were likely the most important drivers.
us probes banks in fifa scandal sources

US probes banks in FIFA scandal: Sources

US regulators are probing large banks including Credit Suisse, Deutsche Bank and HSBC over their possible handling of tainted funds in the FIFA corruption scandal, according to sources familiar with the matter.
markets dive as leading shares fall

Markets dive as leading shares fall

Both bourses in the country declined this morning, as leading stocks such as banks, gas corporations, securities firms and insurers dropped further.
greece prepares to reopen banks apply tax hikes

Greece prepares to reopen banks, apply tax hikes

Banks are set to reopen on Monday after a three-week shutdown estimated to have cost the economy some €3.0 billion (US$3.3 billion) in market shortages and export disruption.
mergers could keep small banks afloat

Mergers could keep small banks afloat

Small-sized banks with no specific business strategy are considering mergers, as recent consolidation in the banking sector has made it difficult for them to compete with larger banks.
govt to promote effective oda use

Gov't to promote effective ODA use

The Government will soon promote Official Development Agency (ODA) disbursement through commercial joint-stock banks.
banks and insurers prop up the market

Banks and insurers prop up the market

Shares extended their rallies this morning, with the VN-Index adding another 0.86 per cent to close at 632.67 points, propped up again by bank and insurance stocks.