foreign reserves rise dong increasingly stable Foreign reserves rise, dong increasingly stable

14:35 | 22/12/2017 Finance - Banking

(VEN) - Vietnam’s foreign reserves reached US$46 billion as of mid-November 2017. Since early this year, the State Bank of Vietnam (SBV) has purchased US$7 billion for foreign reserves while keeping a firm hand on monetary market (including exchange rate policy) management.
ifcs lending package helps vietnamese smes IFC’s lending package helps Vietnamese SMEs

11:17 | 21/12/2017 Finance - Banking

The International Finance Corporation (IFC) announced on December 19 a successful syndicated senior loan package transfer of 110 million USD to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.
mobile the top channel for citi consumer banking clients in vietnam Mobile the top channel for Citi Consumer Banking clients in Vietnam

09:22 | 20/12/2017 Finance - Banking

During 2017 Mobile Banking overtook other digital channels to become the preferred channel used by Citi’s Asia Pacific and Vietnam clients.  
world bank and vietnam work to strengthen financial systems World Bank and Vietnam work to strengthen financial systems

14:54 | 19/12/2017 Finance - Banking

A new World Bank report, jointly launched on December 14 with the Ministry of Finance, will support the development of a sound financial reporting institutional framework by improving understanding of high-quality corporate financial reporting and auditing.
customs signs agreement with banks for e tax payment Customs signs agreement with banks for e-tax payment

14:37 | 18/12/2017 Finance - Banking

The General Department of Customs (GDC) has signed a cooperation agreement with six commercial banks to implement a 24/7 e-tax payment scheme.
how to make soes more attractive to foreign buyers How to make SOEs more attractive to foreign buyers

10:50 | 15/12/2017 Finance - Banking

(VEN) - Vietnam has equitized more than 4,500 state-owned enterprises (SOEs) since 1992, but foreign investors’ involvement in the process has not met expectations, according to a recent report by the Central Institute for Economic Management (CIEM).
ifc launches rpt governance course for vietnam banks IFC launches RPT governance course for Vietnam banks

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

The International Finance Corporation (IFC) and the Netherlands Development Finance Company (FMO) on December 13 launched an online course on Related Party Transactions Governance for Vietnamese commercial banks.
remittances to hit us 52 billion this year Remittances to hit US$5.2 billion this year

15:03 | 13/12/2017 Finance - Banking

Overseas remittances to Ho Chi Minh City is expected to total US$5.2 billion this year, up 4.5 percent year-on-year, said an official of the State Bank of Vietnam (SBV).  
deposit insurance effectively protects depositors Deposit insurance effectively protects depositors

11:10 | 12/12/2017 Finance - Banking

(VEN) - Deposit insurance is a measure implemented by deposit insurers to protect depositors and contribute to ensuring safe, healthy development of the banking system. Under Prime Ministerial Decision 21/2017/QD-TTg, the maximum deposit insurance coverage limit is VND75 million, including principal and interest. The Law on Deposit Insurance stipulates that insured deposits exceeding the coverage limit will be treated in the process of dealing with the assets of insured institutions.
ho chi minh city greatly appreciates support of world bank Ho Chi Minh City greatly appreciates support of World Bank

10:19 | 11/12/2017 Finance - Banking

Ho Chi Minh City greatly appreciates the World Bank’s (WB) support and considers it an important partner of the city, said a local official.
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