Vietnam
SeABank chooses Cisco to manage its solutions
Cisco implemented its technologies and solutions in retail banking at SeABank.
SeABank chooses Cisco to manage its solutions
Cisco implemented its technologies and solutions in retail banking at SeABank.
Vietnam banks warned for violating interest rate regulations
The State Bank of Viet Nam warned leaders of Kien Long Bank and Western Bank for interest rate violations.
MoneyGram partners with DongA Bank for Vietnam expansion
MoneyGram International expanded its presence in Vietnam by introducing the first money transfer platform with DongA Bank.
Habubank posts 2010 gross profit of $28.5M
Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.
Sacombank blames gold price fluctuation for $24.6M loss
Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.
Vietnam inspectors say banks gave loans to wrong borrowers
Vietnam International Bank, Military Bank, Techcombank, Sacombank and Asia Commercial Bank are being blamed for a loss of around US$7.6 million to the state budget.
Vietnam banks want latest technologies against ATM theft
Vietnam's commercial banks want the latest technologies for security solutions for ATM cards due to the rising number of cases of ATM demolition and money theft.
Mizuho to fund Vietnam coal projects
Mizuho Corporate Bank will provide financial services for Vinacomin's investment projects.
Vietnam's banks set surprisingly high profit targets
Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.
Duc Long inks credit contract with Vietinbank
Duc Long Gia Lai Group signed the credit contract for upgrading and expanding National Highway No 14 with Vietinbank. The project will be conducted under BOT method.
StanChart Vietnam joins Smartlink network
Standard Chartered Bank Vietnam became the first international bank to join the Smartlink card alliance network.
GPBank starts cooperation relationship with NSI
GPBank signed the contract for setting up comprehensive cooperation relationship with National Securities Incorporated.
Vietnam banks ordered to prioritise industrial, farm lending
Vietnam's commercial banks will double compulsory reserves if they fail to reduce the proportion of outstanding loans made to the non – manufacturing sector. The State Bank of Viet Nam ordered it reduced to 22 per cent by June and 16 per cent by the end of the year.
Western Bank increases chartered capital to $143M
Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.
China’s Bank of Communications opens Ho Chi Minh branch
China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.
BaoVietBank targets $9.5M profit
BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.
Maritime Bank and Prudential continue bancassurance cooperation
Prudential Vietnam and Maritime Bank signed a cooperation agreement whereby the bank's staff will directly distribute the life insurance products. The staff will first undergo training by the insurer.
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