Banking - Finance - VietNam News

Banks offer low rate loans to businesses

Sacombank and seven other banks yesterday signed credit contracts worth more than VND1,209 billion (US$57.5 million) to support 44 businesses and six households in District 9 and Thu Duc District.

Banks must do more to fight money laundering

Banks show little interest in training their staff to deal with money laundering and should pay more attention to combating the flow of dirty money, experts warn.

Dollar sell rate peaks in Viet Nam

The State Bank of Viet Nam has been selling the US dollar with a cap of VND21,036 for the past two days after maintaining the price at VND21,005 for over a fortnight.

Credit rating agency is in the cards: MoF

The Ministry of Finance has proposed to establish the country's first credit rating agency to increase corporate bond market and assist businesses in mobilising capital for their business and production.

City banks rethink rate cuts as deposits decline

Money flow into several banks in HCM City has reduced significantly, prompting them to reconsider plans to reduce deposit interest rates so as to keep their customers, industry observers say.

Bank gets go-ahead to raise charter

The Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) has got approval to raise its charter capital in the first phase of 2013 from VND23.012 trillion (US$1.1 billion) to VND28.112 trillion ($1.34 billion).

Firms need to prove themselves

Enterprises who wanted to access bank loans needed to actively demonstrate their operating capacity, efficiency of their business plans and their ability to pay loans.

SCB predicts interest rate cut

The Standard Chartered Bank said it expected a further cut of 50bps (0.5 per cent) in interest rate in the third quarter if authorities "remain comfortable with the inflation outlook and credit growth stays anaemic".

HDBank teams up with insurer

HCM City Development Bank (HDBank) is to provide banking services to insurer Great Eastern Life Viet Nam under a strategic co-operation agreement signed on Wednesday.

SBV lowers farm loan interest

The State Bank yesterday asked five commercial banks to reduce interest rates for existing loans to 10 per cent for raising pigs, poultry, tra fish and shrimp breeding and processing.

HSBC Vietnam receives top Euromoney award

HSBC Vietnam was named the Best for Overall Market Share in Viet Nam in the Euromoney Foreign Exchange Survey 2013, the bank announced on Tuesday, adding that 2013 is the third consecutive year that HSBC Vietnam has been honoured with the award.

Hightlight

First Korean-language newspaper hits shelves

The Vietnam-Korea Times – Viet Nam's first Korean language newspaper made its debut in Ha Noi yesterday.

New industrial zone to lure Japanese firms

Construction of the Phu My 3 Industrial Zone starts today in the south-eastern province of Ba Ria Vung Tau to predominantly house Japanese companies. Viet Nam News spoke to Nguyen Thi Thao Nhi, CEO of the Thanh Binh Phu My Joint Stock Company, the major investor in the zone, about its strengths and commitment to the province's development.

Classical guitarist to entertain

Vietnamese classical guitarist Nguyen Thi Kim Chung will perform famous melodies by Vietnamese and foreign composers in Ha Noi tonight.

Broadway revue back in business

A Broadway-inspired revue which became a stage phenomenon in Viet Nam last summer is set to briefly return to Ha Noi next month.

Copyrights 2012 Viet Nam News, All rights reserved .Add:79 Ly Thuong Kiet Street, Ha Noi, Viet Nam. Editor_In_Chief: Trinh Thanh Thuy
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