SPECIAL

Japan's JFE withdraws from $3b Guang Lian steel plant project Japan's JFE withdraws from $3b Guang Lian steel plant project

JFE Group of Japan has announced it has cancelled its investment in the US$3-billion Guang Lian steel plant project at Dung Quat Economic Zone in central Quang Ngai Province.


SCPE invests $35 million in Golden Gate chain SCPE invests $35 million in Golden Gate chain

Standard Chartered Private Equity (SCPE) yesterday announced the acquisition of a significant minority stake in Golden Gate Trade and Services Joint Stock Company (Golden Gate).


Land plots dominate Nha Trang's residential market Land plots dominate Nha Trang's residential market

Nha Trang's residential market has more than 6,900 dwellings from 37 land plot, villa, townhouse and apartment projects, Savills Viet Nam has reported.


Launching of iPhone 6 excites Vietnamese market Launching of iPhone 6 excites Vietnamese market

The launching of Apple's iPhone 6 and iPhone 6 Plus has warmed up the Vietnamese market, as stores nationwide released information on the availability and prices of the two phones.



Central bank allows SHB-VVF tie-up Central bank allows SHB-VVF tie-up

(Sep 30, 2014)

The State Bank of Vietnam (SBV) approved the merger of Saigon-Hanoi Commercial Bank (SHB) and Viettel - Vinaconex Finance Joint Stock Company (VVF) on September 29.

SBV approves Phuong Nam Bank and Sacombank merger

The State Bank of Viet Nam has approved in principle the merger of Phuong Nam Bank and Sacombank.

ABBank to give preferential loans to tourism industry

The An Binh Bank has decided to grant tourism businesses loans worth VND500 billion (US$23.8 million) at a preferential interest rate of seven per cent annually.

HDBank sets up Japan desk

The Housing Development Commercial Joint Stock Bank (HDBank) and the Japan-based Hyakugo Bank Ltd established a Japan desk at the former yesterday (29th) to support Japanese companies in Viet Nam.

State bank still plans 12-14% credit growth

The State Bank of Viet Nam's Governor, Nguyen Van Binh, yesterday told the Standing Committee of the National Assembly that banks this year would achieve 12-14 per cent credit growth.

SBV circular regulates consumer lending

The State Bank of Viet Nam (SBV) recently released a draft circular on consumer lending following the setting up by commercial banks of subsidiary finance companies for the purpose.

VAMC's bad loan purchases reach $3.52 billion

The Viet Nam Asset Management Company has so far bought about VND74 trillion (US$3.52 billion) in bad debts.State Bank of Viet Nam (SBV) Deputy Governor Nguyen Thi Hong made this announcement at the Autumn Economic Forum held in the northern province of Ninh Binh last Saturday.

Remittances could total $5b in City

Remittances by overseas Vietnamese through banks and other official channels to HCM City could reach US$5 billion this year.

LaoVietBank's ATMs link up with Banknetvn

ATMs of LaoVietBank are now connected with the system of the Viet Nam National Financial Switching Joint Stock Company.

Remittances to HCM City reach $3.12 billion

Remittances to this city reached US$3.12 billion in the first nine months of this year.

Experts urge closer links between SMEs and banks

Commercial banks need to change their perception of small and medium-sized businesses to boost lending for businesses, said head of the Central Institute for Economic Management (CIEM) Vo Tri Thanh.

Germany optimistic about VN economic tiesGermany optimistic about VN economic ties

Viet Nam News speaks with Marko Walde, the chief representative of AHK Viet Nam / German Industry and Commerce Viet Nam, about investment flows from Germany into Viet Nam and trade between the two nations.

Better to buy houses in City, rent in Ha Noi: CBRE Better to buy houses in City, rent in Ha Noi: CBRE

House rentals are vastly different in HCM City and Ha Noi. For a similar quality apartment in a comparable location, the rent in HCM City is 10-20 per cent higher than in Ha Noi.

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