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Nam S Bank

New regulations on foreign indirect investment in Việt Nam drafted

New regulations on foreign indirect investment in Việt Nam drafted

The SBV new circular will regulate the opening and use of Vietnamese đồng-denominated accounts for foreign investors, in order to conduct foreign indirect investment activities in Việt Nam.
Central bank works to raise interbank rates and ease forex market

Central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.
Nam Á Bank stock to debut on HoSE exchange on March 8

Nam Á Bank stock to debut on HoSE exchange on March 8

The Board of Directors of Nam Á Bank has decided the first trading day and reference price of Nam Á Bank stock on the HCM Stock Exchange (HoSE).
BaF Việt Nam approves a syndicated loan from three foreign banks

BaF Việt Nam approves a syndicated loan from three foreign banks

This loan is granted by HCM City Branch of Shinhan Bank Việt Nam Ltd HCM City Branch of First Commercial Bank HCM City Branch of Deagu Bank.
DSS Education and Immigration partners with Nam A Bank, PTE Leader

DSS Education and Immigration partners with Nam A Bank, PTE Leader

DSS Education and Immigration signed cooperation agreements with Nam A Bank and PTE Leader on July 26.
Four weak banks to be taken over: central bank

Four weak banks to be taken over: central bank

The State Bank of Viet Nam (SBV) plans to seize four weak commercial banks in a move aimed at strengthening the country''s banking system.
Remittances to Viet Nam to grow despite pandemic

Remittances to Viet Nam to grow despite pandemic

The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittances to Viet Nam are estimated at US$18.1 billion in 2021.
Moodys upgrades VPBanks rating to Ba3

Moody’s upgrades VPBank’s rating to Ba3

Global credit rating firm Moody’s Investors Services has upgraded Viet Nam Prosperity Bank (VPBank)’s foreign currency deposits from B1 to Ba3 which is equal to the country’s rating with positive outlook.
CIMB Viet Nam approved to increase charter capital to US160.1 million

CIMB Viet Nam approved to increase charter capital to US$160.1 million

The State Bank of Việt Nam on Thursday approved the chartered capital increase of the wholly foreign invested CIMB Viet Nam Bank from the current VND3.47 trillion (US$150.5 million) to VND3.69 trillion ($160.1 million).
Nam A Bank co-operates with AppotaPay e-wallet

Nam A Bank co-operates with AppotaPay e-wallet

Nam Á Bank and AppotaPay, a subsidiary of Appota Group, signed co-operation agreement on Wednesday.
Credit declines in first half of April due to COVID-19 pandemic

Credit declines in first half of April due to COVID-19 pandemic

Low demand for capital due to COVID-19 has caused bank credit in the first half of April to 0.5 per cent compared with the end of March, according to the State Bank of Viet Nam (SBV).
Bank customers warned of fraud amid Covid-19 outbreak

Bank customers warned of fraud amid Covid-19 outbreak

Banks have warned customers about frauds during the Covid 19 pandemic, advising them not to open suspicious emails or click on dubious links sent as email attachments related to the outbreak.
Government backs capital hike plans for four State-owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
Woori Bank opens five branches in VN

Woori Bank opens five branches in VN

The State Bank of Viet Nam last week gave the go-ahead approving the eligibility of the Republic of Korea’s Woori Bank to establish five branches in Viet Nam.
Authorities want banks to give up corporate bond addiction

Authorities want banks to give up corporate bond addiction

The Ha Noi Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VND650 billion (US$28.2 million), all of it to the Viet Nam Maritime Bank.