VietBank appoints new general director
(Jul 23, 2014)
VietBank appointed former Eximbank deputy general director Nguyen Thanh Nhung as its general director on Tuesday.
Sacombank will establish a subsidiary in Laos, the VnExpress online reported.
All transactions and cash payments for exports and imports of goods and
services must be conducted by bank transfers through authorised credit
institutions.
Lao Viet Bank will spend US$30 million to buy Lao Government's bonds in
three and five-year terms, reports the Dau Tu (Investment) Newspaper.
CEO Group JSC and the Bank for Investment and Development of Viet Nam (BIDV), on July 22, inked a comprehensive agreement to foster co-operation in Ha Noi.
It's been a week since the Viet Nam real-time bitcoin exchange was
launched, but the public is yet to see the authorities take action
against crypto-currencies as they had promised.
Total outstanding loans this month of Ha Noi-based credit institutions
are estimated to inch up 0.5 per cent to nearly VND927 trillion
(US$43.52 billion), according to the Ha Noi Statistics Office.
Agribank is piloting a credit programme that encourages customers to
apply sciences and high technology in agricultural production.
Viet Nam Prosperity Bank (VPBank) on July 21 launched two preferential
loan packages worth VND4 trillion (US$190.48 million) for small – and
medium-sized enterprises (SMEs).
Businesses say the appreciation of the US dollar by the State Bank of
Viet Nam (SBV) in June has positively affected their businesses,
although the benefits remain modest.
With a rallying economy and help of policies supported by the
Government, credit institutions expect better business results in the
third quarter of this year.