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.
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).
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-based banks have achieved half the year's credit growth target of 13-15 per cent within the first four months of 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.
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.
The Viet Nam Technological and Commercial Joint Stock Bank has appointed a new General Director.
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.
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.
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.
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).