abbank tpbank join adb trade finance program

ABBank, TPBank join ADB trade finance program

16:34 | 25/05/2017 Finance - Banking

An Binh Joint-Stock Bank (ABBANK) on May 24 officially signed an agreement with the Asian Development Bank’s (ADB) on joining the Trade Finance Programme (TFP) – one of prominent programmes enabling Vietnamese enterprises to increase competitiveness and get more opportunities to promote economy.
bad debts at us 7 billion until end of q1

Bad debts at US$7 billion until end of Q1

09:48 | 24/05/2017 Finance - Banking

Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VND160 trillion (US$7 billion).
vietnam financial inclusion focuses on tech Vietnam financial inclusion focuses on tech

15:44 | 22/05/2017 Finance - Banking

Financial inclusion has been an accelerating global phenomenon recently, with financial services being provided at affordable costs to disadvantaged and low-income segments to increase earnings, alternate social capital flow and promote economic growth, a conference heard on May 19 in HCM City.
g bond auction raises 52 trillion vnd for state treasury G-bond auction raises 5.2 trillion VND for State Treasury

14:12 | 21/05/2017 Finance - Banking

The Hanoi Stock Exchange raised 5.2 trillion VND (more than 229.2 million USD) by selling Government bonds issued by the State Treasury of Vietnam at an auction on May 17.
state budget faces deficit as fuel import tax cut down State budget faces deficit as fuel import tax cut down

09:52 | 19/05/2017 Finance - Banking

Special consumption tax must be adjusted to avoid a serious budget deficit when fuel import tax is cut in line with various trade agreements Vietnam has signed, President of the Vietnam Petroleum Association Phan The Rue has said.
apec seminar looks to boost cross border credit information exchange APEC seminar looks to boost cross-border credit information exchange

16:25 | 17/05/2017 Finance - Banking

The cross-border exchange of credit information is critical to promoting the quality and efficiency of investment and business activities of all APEC member economies, an official of Vietnam’s central bank said.
standard chartered supports investors asean expansion Standard Chartered supports investors’ ASEAN expansion

16:55 | 16/05/2017 Finance - Banking

(VEN) - Standard Chartered Bank expressed its strong commitment in supporting ASEAN companies to expand regionally and internationally at an investors meeting entitled “Bridging ASEAN” held on 16 May, in Ho Chi Minh City, Vietnam.  
pm okays fiscal policy stabilization program PM okays fiscal policy stabilization program

09:58 | 16/05/2017 Finance - Banking

(VEN) - Prime Minister Nguyen Xuan Phuc has just approved the medium-term debt management program for the 2016-2018 period, including gradually reducing domestic and foreign loans and suspending government guarantees for new domestic and foreign loans to keep public debt at safe levels.  
foreign investment helps stock market Foreign investment helps stock market

16:38 | 12/05/2017 Finance - Banking

Vietnam’s key VN Index extended growth for a second day on May 10 as bank stocks were boosted by strong foreign investment.
moodys capital shortfall for banks remains key burden Moody's: Capital shortfall for banks remains key burden

15:09 | 10/05/2017 Finance - Banking

Moody's Investors Service on Monday said Viet Nam banks will face capital shortfall over the next 12-18 months and such a situation continues to represent a key credit burden for the industry.
banks pledge stable lending rates Banks pledge stable lending rates

14:57 | 09/05/2017 Finance - Banking

(VEN) - Good liquidity and increases in mobilized capital are considered necessary conditions for keeping interest rates stable in the second quarter, in particular, and 2017 as a whole. Many commercial banks say there is no pressure to increase interest rates.  
bright prospects for bank stocks in 2017 Bright prospects for bank stocks in 2017

15:30 | 08/05/2017 Finance - Banking

Many commercial banks posted positive earnings in the first quarter of the year, contributing to the rosy outlook for the banking sector in 2017.
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