HCM City is among 10 fastest-growing cities HCM City is among 10 fastest-growing cities

HCM City is among the 10 fastest-growing cities in the world, a new report issued yesterday said.

Citi gets nod to operate subsidiaries Citi gets nod to operate subsidiaries

Citibank has received approval from the State Bank of Vietnam to build subsidiaries in Viet Nam.

VN-US economic ties have grown quickly since BTA VN-US economic ties have grown quickly since BTA

Since the normalisation of relations 20 years ago, economic relations between Viet Nam and the US have developed strongly in many sectors, and are expected to grow even further in the future, especially after the Trans-Pacific Partnership is signed.

More foreign investment will help securities More foreign investment will help securities

A decree issued last month that allows foreign investors to raise their ownership in Vietnamese companies will help Viet Nam's securities market, said Andy Ho, Chief Investment Officer of VinaCapital.

VPBank receives three awards VPBank receives three awards

(Jul 31, 2015)

The Viet Nam Prosperity Bank (VPBank) has received three prestigious international awards including the best e-bank, the best banking product in Viet Nam and the best service for small-and-medium sized enterprises in Viet Nam 2015.

Forex reserves hit $37 billion

The country's foreign exchange reserves excluding gold have been increasing continuously, reaching US$37 billion by the end of July, Governor of the State Bank of Viet Nam Nguyen Van Binh said.

Provisional funds hit record high due to new regulations

Credit institutions had to provide nearly VND89.7 trillion (US$4.13 billion) of provisional funds by the end of June, due to the application of new regulations earlier this year.

Mizuho bank opens trade finance office in HCM City

Japan's Mizuho bank has opened an office in HCM City to provide short-term trade finance for large corporations.

OGC selloff maximises benefits for shareholders

Ocean Group Joint Stock Company (OGC) will sell Ocean Thang Long Investment Company (OTL) – one of its subsidiaries – to a local real-estate enterprise, OGC's Board of Directors said yesterday in the company's 2015 share-holders meeting.

Sacombank gets $50m loan from Cathay United Bank

Sacombank has signed a contract to receive credit worth US$50 million from Taiwan's Cathay United Bank for its mid- and long-term credit activities.

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.

SBV approves Military Bank's capital increase

The State Bank of Viet Nam has approved the Military Bank's plan to increase its charter capital.

MSB, MDB to merge next month

The Maritime Bank will merge with the Mekong Development Bank next month.

Credit growth ceiling increase raises concerns

Experts are concerned the State Bank of Viet Nam's recent decision to raise credit growth ceiling for many lenders could raise serious risks in the coming years.

DongA Bank, Eximbank chairmen resign from posts

DongA Bank chairman Cao Sy Kiem and Eximbank chairman Le Hung Dung have offered their resignation at shareholders meetings on July 21.

Friesland Campina receives merit certificateFriesland Campina receives merit certificate

Dairy company Friesland Campina Viet Nam has received the Prime Minister's Certificate of Merit for contributing to the development of new rural areas during the 2010-15 period.

New Vinamilk chairwoman welcomes fresh challengeNew Vinamilk chairwoman welcomes fresh challenge

Le Thi Bang Tam, an independent director of the Viet Nam Dairy Products Joint Stock Company (Vinamilk), is its new chairperson after Mai Kieu Lien, who was named by Forbes as being among the top 50 powerful business-women in Asia in March, resigned on July 25.

Investors turn away as gold loses its sheen Investors turn away as gold loses its sheen

Do not tough gold" is advice that many experts are giving Vietnamese investors amid a relentless fall in the prices of the metal both here and globally.

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