world bank approves 100 mln usd credit for vietnams poverty reduction World Bank approves 100 mln USD credit for Vietnam’s poverty reduction

08:49 | 02/03/2015 Finance - Banking

The World Bank (WB) Board of Executive Directors has approved an additional 100 million USD loan for an ongoing project to help improve living standards for the poor in six northern mountainous provinces of Vietnam.
Banks to set up cash transporters

11:09 | 25/02/2015 Finance - Banking

The State Bank of Vietnam will allow domestic commercial banks to start companies responsible for transporting cash to branches and transaction offices in order to reduce related expenses.
Central bank to takeover Vietnam Construction Bank

15:10 | 04/02/2015 Finance - Banking

The State Bank of Vietnam (SBV) has announced that it will acquire all the equity of the Vietnam Construction Bank (VNCB) as part of banking reforms.
Banks to be allocated credit growth rates

09:18 | 04/02/2015 Finance - Banking

The State Bank of Vietnam (SBV) will continue to allocate credit growth rates for commercial banks this year, based on the banks' health and business performance.
State Bank calls for lending interest rates to be lowered

16:19 | 29/01/2015 Finance - Banking

The State Bank of Viet Nam (SBV) on Tuesday announced its monetary policy execution for this year.
Promoting credit growth

10:56 | 27/01/2015 Finance - Banking

(VEN) - Following the credit growth target of 13-15 percent set out for this year by the State Bank of Vietnam (SBV) together with abundant liquidity and falling deposit rates, commercial banks have promoted lending activities since the beginning of the year.
ADB lends $165 million to improve education, infrastructure in disadvantaged regions

09:17 | 26/01/2015 Finance - Banking

The Vietnamese Government and the Asian Development Bank (ADB) on January 23 signed an agreement on $165 million loans for an educational project for ethnic minorities in the poorest regions and investment in rural infrastructure for six selected provinces in the central region.
Bank shares, low petrol prices buoy markets

14:07 | 23/01/2015 Finance - Banking

Stocks maintained rises in the afternoon of January 22, sustained by bank shares, as prices fell to an attractive level after a four-day slump.
Tax agency pledges to cut payment time to 171 hours

08:48 | 23/01/2015 Finance - Banking

The General Department of Taxation will cut the tax payment time in Vietnam to the ASEAN average of 171 hours by the end of this year as ordered by the Government.
M&A deals continue to thrive

10:38 | 21/01/2015 Finance - Banking

(VEN) - The market continued to witness valuable mergers and acquisitions (M&A) deals in various fields in 2014, especially at the end of the year.
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