vietnamese firms dreams of foreign bourse listings hit repeated snags Vietnamese firms’ dreams of foreign bourse listings hit repeated snags

11:27 | 21/06/2018 Finance - Banking

(VEN) - Vietnamese firms are facing difficulties in listing on overseas stock markets due to the strict listing criteria set by foreign stock exchanges. Major corporations such as Vinamilk, Hoang Anh Gia Lai, and Saigon Securities Corporation have all put forward plans to list abroad over the past ten years, but none of them have managed to go through with their roadmap due to restrictions in foreign ownership (which have since been lifted), differences in accounting standards, and the global financial crisis.
huge number of bank cards unused Huge number of bank cards unused

14:27 | 20/06/2018 Finance - Banking

Fifty million of the 132 million bank cards issued in the country are not in use, causing an enormous waste of resources, the Vietnam Bank Card Association has said.
domestic banks adapt to fourth industrial revolution Domestic banks adapt to fourth industrial revolution

14:56 | 19/06/2018 Finance - Banking

Amidst the fourth industrial revolution, domestic banks have actively invested in technologies to improve their products, services and governance, Vice Governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh told a seminar in Hanoi on June 15. 
sbv to continue flexibly managing monetary fiscal policies SBV to continue flexibly managing monetary, fiscal policies

14:45 | 18/06/2018 Finance - Banking

The State Bank of Vietnam (SBV) will continue managing monetary policy in an active, cautious and flexible manner and combine with other fiscal and macro-economic policies to control inflation, ensure credit institutions’ liquidity, stabilise monetary and foreign exchange markets. 
hcm city ifc target result oriented cooperation HCM City, IFC target result-oriented cooperation

16:15 | 17/06/2018 Finance - Banking

Ho Chi Minh City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.
fitch ratings boosts vietnams report card Fitch Ratings boosts Vietnam’s report card

14:10 | 15/06/2018 Finance - Banking

(VEN) - Fitch Ratings has upgraded Vietnam’s credit rating based on its increased foreign exchange reserves, economic growth, stable macroeconomic policies and growing foreign direct investment (FDI) inflows.
capital mobilisation in ho chi minh city up over 14 percent Capital mobilisation in Ho Chi Minh City up over 14 percent

14:59 | 14/06/2018 Finance - Banking

Capital mobilization by banks in Ho Chi Minh City reached over 2,082 trillion VND (US$88.1 billion) as of May, up 0.83 percent from the previous month and 14.47 percent year on year, said the municipal branch of the State Bank of Vietnam (SBV) on June 7. 
vietnams credit growth hits 616 as of may 31 Vietnam’s credit growth hits 6.16% as of May 31

16:14 | 13/06/2018 Finance - Banking

Vietnam’s outstanding credit as of May 31 had risen by 6.16 percent against the end of 2017, the State Bank of Vietnam (SBV) has reported.
vietnam ups pace of bad debt auctions Vietnam ups pace of bad debt auctions

10:08 | 12/06/2018 Finance - Banking

(VEN) - Vietnam is stepping up its auction of bad debts in an ongoing bid to overcome a high ratio of non-performing loans that have hobbled the economy.
finance ministry to ease g bond rules Finance ministry to ease G-bond rules

09:23 | 11/06/2018 Finance - Banking

The Ministry of Finance will streamline regulations on Government bonds (G-bonds) issuance and simplify procedures for granting transaction codes to attract foreign investments in the country’s G-bond market, officials said.
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