BIDV to refinance $500 million for grid upgrade
(Mar 27, 2015)
The Ministry of Finance has authorised BIDV to refinance US$500 million for improving the grid in key economic regions.
The foreign exchange (forex) market cooled down yesterday after the
State Bank of Viet Nam (SBV) committed to keeping the exchange rate
FPT Information System will become the main partner of LaoVietBank
and help it implement its information technology strategies during
the 2015 to 2020 period.
The State Bank of Viet Nam approved in principle this week the establishment of Malaysia's Public Bank Berhad (PBB) in Viet Nam.
Vietcombank will lend the Nam Mo & Nam Non Hydropower Joint Stock
Company VND360 billion (US$17.14 million) to build a hydroelectric plant
in Nghe An Province.
State Bank of Viet Nam (SBV) Governor Nguyen Van Binh last week approved
in principle the merger of the Maritime Bank and the Mekong Development
Although the State Bank of Viet Nam has been pushing joint stock banks to list on exchanges, the progress has remained slow.
The Agriculture and Rural Development Bank of Viet Nam (Agribank) will
build the first Automated Teller Machine (ATM) on Ly Son Island.
South Korea's Shinhan Bank Viet Nam opened a branch in the HCM City's District 5 on March 19.
The Bank for Investment and Development of Viet Nam (BIDV) has approved a
loan for the Vissai Cement Group worth VND6.3 trillion ($296 million)
to build a cement factory in the central province of Nghe An.
Foreign bank's branches are servicing most of the customers, who are
foreign direct investors in Viet Nam, the Dau tu (Vietnam
Investment Review) online, reported.