phu my hung and partners offer promotion

Phu My Hung and partners offer promotion

The Phu My Hung Development Company Ltd has recently announced co-operation with three banks, four interior design companies and six electronic and construction material suppliers in an aim to bring better services to customers.
housing investors must get banks guarantee circular

Housing investors must get banks' guarantee: Circular

Housing investors must obtain a financial guarantee from commercial banks before they will be permitted to transfer property to home buyers or renters, from August 9 onwards.
techcombank granted two prestigious international awards

Techcombank granted two prestigious international awards

The Vietnam Technological and Commercial Joint Stock Bank, one of leading commercial banks in the country, has just received two prestigious international awards, Best Retail Bank in Vietnam and Best Corporate Bank in Vietnam in 2015, by the Global Banking & Finance Review- a leading financial and banking magazine in the UK.
greece faces banking collapse as atms run dry

Greece faces banking collapse as ATMs run dry

Greek banks and the Athens stock market will be closed on Monday and capital controls will be imposed, Prime Minister Alexis Tsipras announced, pleading for calm after anxious citizens emptied ATMs in a dramatic escalation of the country's debt crisis.
danish energy efficiency investments to benefit smes

Danish energy efficiency investments to benefit SMEs

The Danish Embassy last week signed agreements with three leading Vietnamese banks to support energy efficiency investments among small and medium-sized enterprises in Vietnam.
legal clarity called for to stem tide of bad debts

Legal clarity called for to stem tide of bad debts

Without a specific set of laws ruling the handling of bad debts, both banks and the Vietnam Asset Management Company have their hands full trying to resolve a mountain of bad debts.
fitch confirms vn bank ratings

Fitch confirms VN bank ratings

Fitch Ratings this week affirmed the ratings for four major Vietnamese banks.
banks raised dong deposit rates to improve liquidity

Banks raised dong deposit rates to improve liquidity

Some mid-sized commercial joint stock banks recently raised interest rates on short-term dong deposits amid rising credit demands.
banks to guarantee sacomreal property projects

Banks to guarantee Sacomreal property projects

Saigon Thuong Tin Real Estate Co. (Sacomreal) signed agreements with OCB, ACB and HDB banks on Sunday to guarantee its property projects, following Article 56 of the Law on Real Estate Business, which will take effect on July 1.
banks reduce cross ownership

Banks reduce cross-ownership

Only three pairs of commercial joint stock banks had cross-ownerships, down three pairs from 2012, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.
dollar falls following sbvs message

Dollar falls, following SBV's message

Dollar rates fell in all local commercial banks on May 27, after the State Bank of Viet Nam (SBV) said it would not lift the rate this year.
vinacomin asked to divest non core firms

VINACOMIN asked to divest non-core firms

Deputy PM Hoang Trung Hai has asked the Viet Nam National Coal and Minerals Industries Group (VINACOMIN) to accelerate the restructuring and divestment of non-core businesses, including banks and ports.
vn rok boost cooperation in finance

VN, RoK boost cooperation in finance

Deputy PM Vu Van Ninh on May 18 met with Financial Services Commission (FSC) Chairman Yim Jong-yong and leaders from 10 largest banks in the Republic of Korea (RoK) during his working visit to the country. 
rising provisions slash vietcombank vietinbank profits

Rising provisions slash Vietcombank, VietinBank profits

Increasing provisional funds whittled away significant profits of two major banks in the first quarter of this year.
banking sector seeks magic number through mas

Banking sector seeks magic number through M&As

Effective restructuring is vital for local commcercial banks to survive the coming tough competition after the market is fully liberalised in line with ASEAN Economic Community commitments.