Vietnam Breaking News
Banking
Vietnam Military Bank to open branch in Laos
Vietnam Military Bank (MB) was licensed on October 14 to open a branch in Laos with an initial capital of US$12 billion. Speaking on this occasion, the Lao Deputy Minister of Planning and Investment Thongmy Phomvisay pledged to create the best possible conditions for the MB to operate. MB’s President Le Van Be thanked the [...]
Vietnamese businesses told to prepare for exploiting EU market
News that Vietnam and the EU will kick start the negotiation for a Free Trade Agreement (FTA) in the time to come is good news for Vietnamese businesses. They have been told to immediately start preparations in order to successfully exploit the EU market. On October 4, 2010, in Brussels, Vietnamese Prime Minister Nguyen Tan [...]
SBV asks Vietnam banks to report Dollar lending, investment activities
The State Bank of Vietnam, the country’s central bank on October 4 asked local lenders to submit the reports of their dollar lending and investing activities. The State Bank of Vietnam, the country’s central bank on October 4 asked local lenders to submit the reports of their dollar lending and investing activities. Local banks are [...]
HSBC Vietnam inaugurates new branch in Da Nang
Following the Can Tho branch opening last week, on 30 Sep 2010 HSBC Bank (Vietnam) Ltd, HSBC Vietnam will further expand its network by opening another new branch in Da Nang City. HSBC Da Nang branch, the bank’s second outlet to open in 2010, is situated inside Indochina Riverside Towers at 74 Bach Dang Street, [...]
Deposit rate cut faces difficulties
Credit is expected to increase in the fourth quarter of 2010, since the capital demand of firms goes up by business cycle at the end of the year. At the same time, the State Bank of Vietnam (SBV) said it is stepping up efforts to inject capital to commercial banks through open market operations (OMO) [...]
Foreign loans attractive with low guarantee fees from Government
The guarantee fees for commercial loans set by the Government are now much lower than those set by commercial banks, which is considered as one of the main reasons prompting more and more businesses to ask for the Government loan guarantees. According to Thoi bao Kinh te Vietnam newspaper, 90 percent of loans guaranteed by [...]
Trading of Dong on Vietnam interbank market falls, interest rates rise
The State Bank of Vietnam (SBV), the country central bank, on September 15 said that the average daily trading value of dong on the interbank market declined by VND3 billion to VND16.417 trillion, while that of dollar rose $69 million to $462 million, respectively. Total trading value of dong and dollar on the inter-bank market [...]
Commercial banks attempting to collect ATM fees, again
The proposal to collect fees from ATM card holders has been rejected by the State Bank of Vietnam (SBV) for a third time. Many commercial banks have been trying to “dodge the law” by collecting other kinds of fees, including the “account management fee” and “invoice printing fee”. Nguyen Thi Thanh Hang, Deputy Chair of [...]
Big banks lose with card services?
While some commercial banks have been highly enthusiastic in the race for the number of issued cards, other banks say they do not intend to join the race, because card services bring losses. The Bank for Foreign Trade of Vietnam (Vietcombank) has been “dethroned” from its top position as the number one cards issuer, after [...]
Agribank passes VietcomBank to be top ATMs card issuer
As of August 31, Agribank has issued nearly 5 million ATM cards, beating Vietcombank with 4.2 million ATM cards and became Vietnam’s top ATM card provider, the local news wire Vnexpress.net reported September 8. After ages of leading market in the volume of ATM cards, Vietcombank said it was not surprised, explaining that “ we [...]
© 2012 Vietnam Breaking News. All Rights Reserved.
Powered by ViePortal. Designed by 