ATM systems are unaffected by Microsoft decision: SBV
(Apr 23, 2014)
The State Bank of Vietnam (SBV) affirmed that the country's automated
teller machine (ATM) systems have not been affected after Microsoft
ended support of its Windows XP operating system.
Several banks have recently presented plans or expressed intentions to complete mergers even as the nation continues to speed up the restructuring of credit institutions.
Viet Nam's capital market should be developed to handle the mid-long
term credit demand of the economy, leaving the management of short
credit and financial services to the banking system.
The Vietnam Joint Stock Commercial Bank for Industry and Trade
(VietinBank) and the Electricity of Viet Nam (EVN) signed a
comprehensive and strategic cooperation agreement on April 21
There were VND45.85 trillion, or US$2.183 billion, worth of
non-performing loans (NPLs) in HCM City at the end of March, accounting
for 4.85 per cent of the city's total loans.
DongA Bank will strive to increase its charter capital from VND5 trillion, or US$238.10 million, to VND6 trillion, or $285.71 million, this year.
Veteran banker Lim Cheng Teck will assume the role of chief executive
officer (CEO) for Standard Chartered Bank's ASEAN markets on May 1,
announced the bank.
The Mekong Development Bank's shareholders' meeting on April 15 adopted a plan for it to merge with a credit institution.
The Ha Noi People's Court yesterday decided to postpone the trial of
Nguyen Duc Kien, former vice chairman of the founding council of the
Asia Commercial Bank (ACB), because one of his alleged eight accomplices
was absent due to poor health.
Companies with transparent finances, profitability and potential
projects may avail of dong loans at 6 – 7 per cent interest, the State
Bank of Viet Nam's (SBV's) weekly revealed on Monday.
The Kien Long Bank's shareholder meeting in the southern Kien Giang Province on Tuesday decided that this year's dividend rate would be between 9 and 10 per cent.