EVN to develop power projects with Vietcombank's help
(Mar 06, 2014)
The Joint Stock Commercial Bank for Foreign Trade of Vietnam
(Vietcombank) and Electricity of Vietnam's Northern Power Corporation
(EVN NPC) have inked a contract to develop power projects.
Viet Nam's sustained improvement in the external position is keeping the Vietnamese dong stable, according to an ANZ economic update released on March 6.
Phuong Nam Bank might be merged with Sacombank, according to Sacombank chairman Pham Huu Phu.
The State Bank of Viet Nam (SBV) finally agreed to give commercial banks
at least six additional months before implementing the new standards of
loans classification.
Lowering interest rates to support production and business activities will be one of State Bank of Viet Nam's priorities this year, according to Monetary Policy Department Director Nguyen Thi Hong.
Prime Minister Nguyen Tan Dung has directed the State Bank of Viet Nam
(SBV) to facilitate credit growth, quickly inject capital into the
economy and improve enterprises' access to capital.
Bitcoins and other virtual currencies are not recognised as legal tender
or means of payment in Viet Nam, the State Bank of Viet Nam (SBV) said
on February 27.
The programme to establish stronger links between commercial banks and
enterprises to facilitate access to preferential credit will expand this
year to include small traders, a senior HCM City official said
yesterday.
The State Bank of Vietnam (SBV) will be supported by NEC Asia Pacific
and MITEC Vietnam JSC in boosting its infrastructure and storage
capacity to expand its technology needs.
Asia Commercial Bank announced on February 26 that it would buy back between 1.02 million and 33.86 million shares within a month beginning on March 24.
SeABank on Monday launched a preferential loan package worth VND4 trillion ($190.48 million) for small- and medium-sized enterprises (SMEs) and households that will do business this year.