surge in bank credit for prioritized areas

Surge in bank credit for prioritized areas

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.
central bank intervenes to check currency fall

Central bank intervenes to check currency fall

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.
foreign banks expand operations in vietnam Foreign banks expand operations in Vietnam

16:02 | 18/07/2018 Finance - Banking

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.
agribank aims to maintain top commercial bank status Agribank aims to maintain top commercial bank status

14:50 | 17/07/2018 Finance - Banking

The Vietnam Bank for Agriculture and Rural Development (Agribank) aims to maintain its status as the leading commercial bank in Vietnam in its strategic business orientation to 2025. 
state audit suggests financial prosecutions of nearly vnd23 trillion State Audit suggests financial prosecutions of nearly VND23 trillion

15:41 | 16/07/2018 Finance - Banking

The State Audit Office of Vietnam (SAV) has detected and proposed VND22,669 billion (US$974.76 million) worth of financial prosecutions in the first six months of 2018.
ifc tpbank sign deal on us 100 million loan 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 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.
banking university hcmc good results spur us to do even better Banking University HCMC: Good results spur us to do even better

14:35 | 12/07/2018 Finance - Banking

(VEN) - “No resting on laurels, it is our effort to improve quality of the training programs,” said Dr. Bui Huu Toan - Acting President of the Banking University HCMC.
central bank ready to take action to stabilize foreign exchange market Central bank ready to take action to stabilize foreign exchange market

15:09 | 11/07/2018 Finance - Banking

The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.
conference discusses building of e finance system Conference discusses building of e-finance system

09:40 | 10/07/2018 Finance - Banking

The Ministry of Finance (MOF) held a conference on July 3 to discuss the financial sector’s roadmap to integrate in the fourth Industrial Revolution (Industry 4.0) and the building of the e-government structure.
agribank lends over us 219 million to develop hi tech agriculture Agribank lends over US$219 million to develop hi-tech agriculture

10:45 | 06/07/2018 Finance - Banking

The Vietnam Bank for Agriculture and Rural Development (Agribank) has so far provided more than 5.1 trillion VND (219.3 million USD) in soft loans for hi-tech agricultural projects across Vietnam.
sbv enhances capacity to intervene in foreign currency market SBV enhances capacity to intervene in foreign currency market

14:36 | 05/07/2018 Finance - Banking

The recent increase in the VND/USD exchange rate was due to inside and outside impacts such as some poor sessions in the domestic stock market and the USD price rise globally, according to Pham Thanh Ha, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department.
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