Low-cost airline launches Da Nang-Hong Kong route Low-cost airline launches Da Nang-Hong Kong route

Low-cost airline Hong Kong Express has officially introduced a new flight route between Da Nang and Hong Kong.

Japan commits $936m in ODA Japan commits $936m in ODA

Japan has committed US$936.4 million in official development assistance (ODA) to Viet Nam for socio-economic development.

Qatar bank opens representative office in HCM City Qatar bank opens representative office in HCM City

The Qatar National Bank opened a representative office in Ho Chi Minh City on Monday with the stated objective of promoting trade between the two countries.

Real estate association sets up brokerage branch Real estate association sets up brokerage branch

The Viet Nam Real Estate Association (VNREA) will establish a brokerage branch to support, represent and protect the rights and interests of organisations and businesses dealing with real estate brokerage.

VPBank offers low-cost loans until September VPBank offers low-cost loans until September

(Apr 22, 2015)

The Viet Nam Prosperity Commercial Bank (VPBank) has launched the preferential loans up to VND5 trillion (more than $238 million) to small-and-medium-sized enterprises nationwide.

Wrongdoing found in Vietinbank's performance from 2009-12

The Government Inspectorate has found many wrongdoings in the 2009 to 2012 business performance at Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank).

Vietcombank "still looking for a merger partner"

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.

Ha Noi banks achieve half year's credit target

Ha Noi-based banks have achieved half the year's credit growth target of 13-15 per cent within the first four months of 2015.

Banks see improved business climate in 2015

Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Viet Nam (SBV) survey said.

VIB awarded Best Banking Deal Vietnam 2015

Vietnam International Bank (VIB) has been recognised as the "Best Banking Deal Vietnam 2015" and "Fastest Growing Retail Bank in Vietnam 2015" by Global Banking and Finance Review.

Techcombank appoints new General Director

The Viet Nam Technological and Commercial Joint Stock Bank has appointed a new General Director.

BIDV confirms merger with MHB

The management board of the Bank for Investment and Development of Viet Nam (BIDV) announced its plan to merge with the Mekong Housing Bank (MHB) at a shareholders meeting on April 17.

Vietinbank signs loan agreement with foreign banks

The Vietnam Joint Stock Commercial Bank of Industry and Trade (VietinBank) signed a US$100-million syndicated loan agreement arranged by the Bank of Tokyo-Mitsubishi UFJ (BTMU) on April 16.

Forex rates need to be adjusted: experts

Experts have urged the central bank to apply the crawling peg - an exchange rate regime that allows depreciation or appreciation to happen gradually - to help firms develop appropriate business plans.

Military bank pledges  low-cost loans to SMEs

Small- and medium-sized enterprises can access preferential loans up to VND20 trillion (US$920 million) from the Viet Nam Military Joint Stock Commercial Bank (MB).

Supermarket plays white knight for shallot farmersSupermarket plays white knight for shallot farmers

Saigon Co.op has signed agreements with farmers in Soc Trang Province to buy 100 tonnes of Vinh Chau shallot by May to help them cut losses since prices have plummeted following a bumper harvest.

VN needs only five big banks: ExpertVN needs only five big banks: Expert

Viet Nam should have only five major banks that provide financial services and support domestic businesses, as well as effectively compete with foreign banks, which are about to enter the country.  Keith Pogson, managing partner at Asia Pacific Financial Services for Ernst & Young, spoke with the local media about the banking situation in Viet Nam and its development in the future.

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