Bank M&A deals to reach target
10:15 | 16/05/2015 Finance - Banking
(VEN) - The State Bank of Vietnam (SBV) has drastically implemented the restructuring project of the banking sector with a focus on mergers and acquisitions (M&A) deals. The goal of completing M&A deals in the banking sector in June 2015 is being realized.
Overseas remittances increase
17:38 | 11/05/2015 Finance - Banking
(VEN) - In the first quarter of 2015, overseas remittances pouring into Ho Chi Minh City came to US$1.2 billion, about US$200 million more than the same period in 2014. Increased overseas remittances contributed to an abundant supply of foreign currency to the foreign exchange market, and funded investment in various production and trading activities, including real estate businesses and other operations.