SPECIAL

LienVietPostBank to fund macadamia project LienVietPostBank to fund macadamia project

A seminar is inaugurated today in the Da Lat City to introduce a roadmap for the implementation of a macadamia cultivation project in the Central Highlands region.


Currency shops overcharge for lucky money Currency shops overcharge for lucky money

Currency changers are taking advantage of the Tet occasion to charge exorbitant fees for crisp, newly minted notes, despite the State Bank of Viet Nam (SBV)'s warning that it is a violation of law, Tuoi Tre newspaper reported.


SBV to acquire Viet Nam Construction Bank SBV to acquire Viet Nam Construction Bank

The State Bank of Viet Nam announced on February 2 that it will acquire all the equity of the Viet Nam Construction Bank as part of banking reforms.


German media firm to invest in Coc Coc German media firm to invest in Coc Coc

Germany's Hubert Burda Media announced on February 4 that it will invest in Vietnamese web browser and search engine Coc Coc.



VietinBank to announce PG Bank merger plan soon VietinBank to announce PG Bank merger plan soon

(Feb 25, 2015)

The Viet Nam Bank for Industry and Trade will soon announce its plan to merge with the Petrolimex Group Commercial Joint Stock Bank.

Lenders post record-high asset values in 2014

The total assets of the domestic credit institution system were worth nearly VND6.52 quadrillion (US$310.48 billion) at the end of last year, a 12.2 per cent increase over 2013.

Banks pocket profits from personal loans

Hoang Ngoc Hoa in HCM City's Tan Binh District needed money to buy a new house so she used the overdraft service of a commercial bank near her home, using her bank card to access a loan.

SBV head calls for sustainable capital market

Viet Nam must develop its capital market to avoid the current dependence of long-term investment capital on the banking system, State Bank of Viet Nam Governor NguyenVan Binh has suggested.

Bad debt ratio to be slashed to 3 per cent

The Government has proposed to the Party Central Committee and the National Assembly a scheme that would reduce bad debts in the nation's banking system this year to three per cent of total lending.

SBV to develop cash-transporting service

The State Bank of Viet Nam will allow domestic commercial banks to start companies responsible for transporting cash to branches and transaction offices in order to reduce related expenses.

City ATMs run out of money

Office workers were unable to withdraw cash from ATMs following payment and Tet bonuses over the weekend.

Banks urged to cut interest rates

It is necessary to further cut interest rates on long- and medium-term loans to enable companies to expand and invest in equipment and technology, the HCM City People's Committee has said.

BIDV, NEU to co-operate in research projects

The Bank for International Development of Viet Nam (BIDV) and the National Economics University (NEU) on Wednesday signed a co-operation agreement for the 2015-19 period.

Agribank appoints new General Director

The acting General Director of Agribank, Tiet Van Thanh, was appointed as General Director of the bank on February 10.

SBV gets new Deputy Governor

The State Bank of Viet Nam has a new Deputy Governor.

Malaysia school holds information event in HCM CityMalaysia school holds information event in HCM City

Marlborough College Malaysia (MCM), the first fully co-educational and independent British boarding and day school in Malaysia, has announced that an information afternoon will be organised in HCM City on March 8 from 3pm to 5pm.

Businesses hope for State reforms in 2015Businesses hope for State reforms in 2015

The local business community in Viet Nam is hoping that this will be breakthrough year in terms of reforming economic institutions and administrative procedures. Vu Tien Loc, chairman of the Viet Nam Chamber of Commerce and Industry (VCCI) spoke to the Vietnam News Agency about these issues.

Banking credit seen growing 13-15% in 2015 Banking credit seen growing 13-15% in 2015

Banking credit is expected to grow by 13-15 per cent this year, 1 per cent higher than last year. The target is based on this year's GDP target of 6.2 per cent.

Copyrights 2012 Viet Nam News, All rights reserved. Add:79 Ly Thuong Kiet Street, Ha Noi, Viet Nam. Editor_In_Chief: Trinh Thanh Thuy
Tel: 84-4-39332320; 84-4-39332314;Fax: 84-4-39332311; E-mail: bizhub@vnsmail.com
Publication Permit: 599/GP-INTER. ® web design by: VGroup.vn