Wednesday, 28 September 2016
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UP Co-working Space hosts startups conference UP Co-working Space hosts startups conference

The Israel's Guide for Startups Conference held Wednesday discussed key requirements for building a strong startup economy and how to apply these elements to Viet Nam's startup ecosystem.


More foreign ownership in banks? More foreign ownership in banks?

Prime Minister Nguyen Xuan Phuc said Việt Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.


SCIC to divest 9% stake in Vinamilk this year SCIC to divest 9% stake in Vinamilk this year

State Capital Investment Corporation (SCIC) will divest and sell its nine per cent stake in Vietnam Dairy Products JSC (Vinamilk) this year, SCIC Chairman Nguyen Duc Chi said.


Kia Morning is highest selling vehicle in August Kia Morning is highest selling vehicle in August

Small sedan Kia Morning, a model of local carmaker Truong Hai Automobile JSC (Thaco), was the highest selling vehicle in August.



Techcombank appoints new CEO Techcombank appoints new CEO

(Sep 26, 2016)

The Vietnam Technological and Commercial Joint-stock Bank, or Techcombank, appointed Nguyen Le Quoc Anh, its former deputy chief executive officer, as its new chief executive officer on September 23, 2016.

Banks commit to lend $6.7b to Ha Noi enterprises

Commercial banks in the capital on Monday committed to set aside VND150 trillion (US$6.7 billion) for a credit support package.

Banks cut short-term deposit rates

Some major commercial banks lowered interest rates for deposits in dong with terms of less than a year, by 0.3-0.5 percentage points, on September 26.

Intermediary payment service providers told to enhance security

The State Bank of Viet Nam (SBV) has directed intermediary payment service providers to enhance safety and security in payment intermediation.

Visa reports 38% transaction growth

Visa Vietnam reported on Thursday that the number of transactions using its cards grew by 38 per cent year-on-year.

Standard Chartered Viet Nam honoured for digital initiative

Standard Chartered Viet Nam has been awarded the "Digital Banking Initiative of the Year in Viet Nam 2016" by the Asian Banking & Finance magazine.

State funds for bank debts plan criticised

A proposal to use State funds to settle commercial banks' bad debts, as stated in the draft plan on economic restructuring for the 2016-2020 period, has been met with a cold shoulder.

SBV taking tougher stance on loan rollover violations

The State Bank of Viet Nam has reminded foreign credit institutions and bank branches of its rollover loan requirements.

More foreign ownership in banks?

Prime Minister Nguyen Xuan Phuc said Việt Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.

Top bank denies builders' cheap loans

The deadline for social housing developers who signed borrowing contracts before March 31, 2016 to get cheap loans from the VND30 trillion stimulus package will not be extended to December 31 this year as they wished. However, capital disbursement for low-income buyers still continues.

SHB approved merger with VVF in principle

The State Bank of Viet Nam this week approved in principle a plan to merge the Saigon-Hanoi Commercial Joint Stock Bank (SHB) and the Vinaconex-Viettel Finance JSC (VVF).

Thai Princess Bajrakitiyabha Mahidol visits Fansipan peakThai Princess Bajrakitiyabha Mahidol visits Fansipan peak

Ahead the 2016 International Marathon Tournament, Princess Bajrakitiyabha Mahidol of Thailand and other Thai Royal members last weekend visited the northern province of Lào Cai to trek to Fansipan mountain, Indochina's highest peak.

Victory in US legal appeal good news for CS WindVictory in US legal appeal good news for CS Wind

Viet Nam News spoke to Dharmendra N. Choudhary, who is counsel to CS Wind Vietnam, about the recent victory by the company in its appeal before the US Court of Appeals for Federal Circuit (CAFC). Choudhary is a widely acclaimed surrogate value expert. Excerpts from the interview.

Banking investment, no longer one-way flow Banking investment, no longer one-way flow

Recently the State Bank of Viet Nam (SBV) issued a licence to Malasyia's second largest lender, CIMB Bank Berhad, to establish a bank in Viet Nam with a registered capital of over VND3.2 trillion (nearly US$144 million).

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