Vietnam
Reports of fat Vietnam bank profits inaccurate: inspectors
Reports of fat Vietnam bank profits inaccurate: inspectors
Central bank inspectors revealed that banks’ profit in Vietnam for 2011 was not as big as reported by many commercial banks.
Vietnam stopping use of gold for savings, lending
Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.
Habubank-SHB merger enters 2nd of 3 stages
The merger of Habubank and Sai Gon-Ha Noi Bank is soon to reach the second stage of a three-stage process.
Vietnamese banks remained weak in 2011
The State Bank of Vietnam reports less than satisfactory metrics for Vietnam’s banking sector in 2011.
Massive bank bad debts endanger Vietnamese economy
The stimulus that led to Vietnam’s huge economic growth the past decade has raised a huge problem of its own.
Habubank-SHB merger gets approved
The merger between Habubank and SHB has been approved Governor of the State Bank of Vietnam, Nguyen Van Binh.
Techcombank, Vietnam Airlines launch credit card
Techcombank has introduced their new international credit card for high-class passengers who usually travel on Vietnam Airlines’ flights
TienPhongBank to lend $144M in low interests
TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.
Agribank not to be equitized soon, says governor
There are no plans to equitize Agribank in the next five years, accordingto the Governor of the The State Bank of Vietnam.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
Agribank offers $477M in low-interest loans for exporters, importers
Agribank will provide preferential loans worth VND 10 trillion or US$477.4 million for exporters and importers at a 12% annual interest rate.
Vietinbank, BIDV evaluated stable by S&P
Vietinbank and BIDV received a stable rating from Standard and Poor's, improving from its previous negative mark.
VietinBank deploys Western Union via SMS
VietinBank becomes the first bank in Asia to successfully deploy Western Union money transfer via SMS.
New Sacombank managers pursue merger partners
Outsiders who successfully took control of Sacombank are pursuing mergers with other banks.
VietinBank assigned to serve $80Mln ADB Loan
The State Bank of Vietnam has assigned VietinBank to service a project worth $80 million funded by the Asian Development Bank.
Laos-Vietnam Bank to double chartered capital
Laos-Vietnam Bank will double its chartered capital to 70 million USD in June 2012 from the current 37.5 million USD from June 2012.
Sacombank’s power transferred to new board
Almost all the power in Sacombank has been transferred to new shareholders group, ending a year-long acquisition.
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