Vietnam

OCB will put into operation the new ATM cards and cease transactions for the old cards.

Vietnam Development Bank achieved a total outstanding loans of around 90 trillion dong by end of 2010 aftere 5 years of operations.

Questions abound over Maybank role in the funding of troubled state-owned Vinashin's US$600mil facility now that the shipbuilder has defaulted again.

Vietnam’s banking industry is too small to support its 80 plus banks, according to Louis Taylor, general director of Standard Chartered Vietnam Bank.

Baoviet Bank launched it package for high-ranking customers that offer a total solution to meet the needs of finance-investment-insurance with only one registration.

It is the first time a foreign bank in Vietnam, namely Hong Leong Bank, can make ATM transactions under the Smartlink system without any fees.

OceanBank and Hanoi Broadcasting Television Services Co signed the cooperation contracts for charge collection services for Hanoi Cable TV subscribers. At the same time, OceanBank also inked contract with VTC Intercom to offer electrical paid-in services for the online shopping website of paygate.vtc.vn. With such services, the Hanoi Cable TV subscribers and users of online shopping website at paygate.vtc.vn will have another channel for making periodical payment every month.

Inflation is out of control so the The State Bank of Vietnam has limited credit growth of banks to 20% in 2011.

The State Bank of Vietnam granted a license for Busan Ltd Bank to open its representative office in HCM City.

The chief of Shinhan Bank named Vietnam among its options for expansion into Southeast Asia in an effort to boost its revenue sources. "I believe that Shinhan Bank could have competitive edges in China, Japan and Vietnam, into which the bank has made inroads relatively earlier," said Suh Jin-won, president of Shinhan Bank. "If we are able to do the current credit card business well in Vietnam, we could get an explosive boost from it. ... We are considering expanding our presence in emerging countries. We are open to various options, including takeovers." Suh earlier said the bank plans to make forays into one or two countries in Asia this year as the local banking markets have almost been saturated. Indonesia and Malaysia are among potential options. Shinhan plans to increase the portion of income generated from its overseas operations to around 10 percent of its total earnings by 2015, up from the current 3 percent.  

Strategic shareholders Electricity of Vietnam and Maybank have committed long-term cooperation with ABBank.

Vietcombank officially offered the financial services on VCB-iB@nking with Korea Life Insurance Co Ltd.

Vietinbank signed a cooperation contract to jointly launch automatic toll collection service at non-stop toll station at Tan Son Nhat Airport, HCM City.

Vietinbank signed a cooperation contract with the Laos Development Bank for a number of financial areas like client services, credit card-issuing and trade supports.

ANZ today opened a Signature Priority Banking branch in Hanoi, providing greater convenience to its affluent retail banking customers in Vietnam.

Experts from six different nations gathered in Saigon Opera House last 13 May.