Vietnam

A domestic bank in Vietnam is willing to buy back the debt of Vietnam Shipbuilding Industry Group at 35 percent of its face value, or $210 million, compared with the original $600 million.

The State bank of Vietnam assigned a credit growth cap of 10% for the HDBank in 2012 as the lender violated regulation on interest cap.

TienPhongBank posted a net profit of VND79.07 billion or $3.77 million in the third quarter of this year, rising 50% from a year earlier.

VIB became one of the first commercial joint stock banks to offer packaged banking products and services for the Financial Supervisory Service enterprises in Viet Nam.

The Saigon-Hanoi Bank has been allowed by the State bank of Vietnam to open a branch in Laos.

The Bank for Investment and Development of Vietnam  opened three additional branches in Ho Chi Minh City.

The State Bank of Vietnam, under the order of Vietnam Prime Minister, promptly directed related units to develop plans to restructureAgribank.

More benefits have been added to  Asia Commercial Bank’s VIP customers and Visa Platinum cardholders.

Vietcombank attributed its high bad debt ratio to its international auditing standards in evaluating bad debts.

TinNghiaBank increased its interest ratesfor gold certificates to 3.1%,  and up 0.4% from the bank’s previous level.

an Commercial Bank is eyeing corporate customers in maritime, shipbuilding, petroleum and precision engineering in the Province of Khanh Hoa with its new Nha Trang City branch.

Vietinbank issued Platinum VIP Cards with many benefits and exclusive privileges to its loyal customers to extend the bank’s deep thanks to them. In July, 2011, Vietinbank launched a special program for individual customers to accumulate credit scores. Under the program, customers would earn credit scores using Vietinbank’s products and services and would be classified annually into different rankings: Silver, Premium, Gold, and Platinum. The Platinum VIP cards issued by the bank reflected the cardholders’ good credit rating and financial status to customers who achieved Platinum Grade from 60,000 credit scores. This was a special gift for exclusive individual customers of VietinBank. To date, Vietinbank has issued Platinum VIP Cards to 150 customers. In the coming time, the bank will continue to expand its partnership to provide more utilities for customers in general and VIP clients in particular and to always offer customers with ultimate benefits and unique values in line with the bank’s slogan "Enhancing values of life".

Hua Nan Commercial Bank  has been given regulatory approval to set up a branch in Hanoi in Vietnam.

The volume of overseas remittance to Vietnam is expected to reach $8.5 billion this year, according to the State Bank of Vietnam.

The HCM City People’s Court has ordered Indochina Airlines to pay US 1.3 million dollars to the Asia Commercial Bank.

Military Bank reported a bad debt ratio of 1.65% till the end of Q3.