SBV urges banks to switch to chip cards

The State Bank of Việt Nam has instructed banks to quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud.

Are banks reviving love affair with property? The HCMC Development Commercial Bank (HDBank) has signed an agreement with the Saigon Real Estate Joint Stock Company (SAIGONRES) to provide credit and financial guarantees.

Banks eye bonds to capitalise on low rates After companies, it is now the turn of banks to issue bonds to take advantage of the low interest-rate regime to raise funds and also, in some cases, increase tier II capital to achieve capital adequacy.

Retailers lose ground against foreign rivals In July 2011 E-Mart, South Korea's top discount store chain, signed an agreement with Viet Nam's U&I Investment Corporation to form a distribution joint venture in the country.

Private investors key to HCMC development Private investment has been a key factor in HCM City's development in recent years. Vietnamese and international investors have made large improvements in the city's transport infrastructure, housing, clean water supplies and...