Techcombank offers Vietnam Airlines $90-million loan
(Dec 18, 2014)
Techcombank and national carrier Vietnam Airlines signed two credit
contracts worth nearly US$90 million in Ha Noi on December 16.
Most overseas remittances to Viet Nam have been used for meeting daily
expenses and for purchasing gold, according to the Central Institute for
Economic Management (CIEM).
Individuals aged between 15 and 18, who own separate assets, will be
allowed to independently open and operate bank accounts without seeking
approval from their parents or guardians.
The Viet Nam Asset Management Company has bought more than VND100 trillion (US$4.76 billion) in bad debts so far.
ANZ on December 16 announced Dennis Hussey as its next chief executive officer for Viet Nam.
The Tien Phong Commercial Joint Stock Bank (TPBank) and South Korea's
NICE Group have signed a co-operation agreement for building the first
internal corporate credit rating system in Viet Nam.
Banks whose ATMs run out of money will be fined VND15 million (US$702) under a Government decree that took effect yesterday.
Electronic wallet service providers will be granted an official license
in March 2015, more than five years after the pilot programme was set in
Vietcombank was given the ISO/IEC27001:2013 certificate, the
internationally acclaimed standard for information security management,
in Ha Noi on December 12.
Moody's Investors Service raised the outlook on Viet
Nam's banking system to stable from a negative assessment, noting a
stable business climate, improved macro-economic situation and easing
The State Bank of Vietnam (SBV) assigned Vietinbank on December 10 to
provide financial services to a project aimed at developing the tourism
infrastructure in the expanded sub-Mekong River region.