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.
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.
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.
Japan's Mizuho bank has opened an office in HCM City to provide short-term trade finance for large corporations.
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 has signed a contract to receive credit worth US$50 million
from Taiwan's Cathay United Bank for its mid- and long-term credit
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.
The State Bank of Viet Nam has approved the Military Bank's plan to increase its charter capital.
The Maritime Bank will merge with the Mekong Development Bank next month.
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 chairman Cao Sy Kiem and Eximbank chairman Le Hung Dung have offered their resignation at shareholders meetings on July 21.