15:31 | 20/07/2018 Finance - Banking
(VEN) - Despite slower growth compared with the same period last year, credit grew steadily in the first five months of 2018. A State Bank of Vietnam (SBV) representative indicated positive changes in credit for prioritized areas. Commercial banks are boosting capital supply for the economy to meet business demand towards year’s end.
15:39 | 19/07/2018 Finance - Banking
Local currency exchangers were selling a U.S. dollar for VND23,300 at 1 p.m. Wednesday, down VND50 from the peak of VND23,350 of last week. Their purchase price was VND23,230.
IFC, TPBank sign deal on US$100 million loan
16:27 | 13/07/2018 Finance - Banking
The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal under which the IFC will provide a syndicated loan of US$100 million to help TPBank extend long-term funding to mirco-, small- and medium-sized enterprises (MSMEs), and individual borrowers through digital delivery channels.
Hanwha Life Vietnam increase chartered capital
18:59 | 12/07/2018 Finance - Banking
Hanwha Life Vietnam Insurance Co., Ltd announced that we has recently received approval from the Ministry of Finance to increase chartered capital by issuing license No 51/GPDC6/KDBH in July 10th. Under the new license, chartered capital of Hanwha Life increase from over $103 million to $233 million.