Vietnam
Vietnam's restructuring produces first bank merger
Vietnam's restructuring produces first bank merger
The State Bank of Vietnam's master plan to restructure the banking system initiated in April has produced its first merger.
Bank branch in Vietnam receives no customers over 2 years
For the past two years, a branch of the Vietnam Development Bank has received no customer capable of meeting its criteria for loans.
HSBC to retreat from Vietnamese Bao Viet group
HSBC plans to sell the shares it is holding of Vietnamese Bao Viet, a big insurance group.
More credit loans eyed for Vietnam businesses
Senior experts made online discussions of ways of handling low growth of credit loans in Vietnamese banks.
Vietnam's OCB to get credit loans for SMEs
The Orientation Commercial Bank of Vietnam will get a credit loan worth US$10 million from the International Finance Corporation to support SMEs.
Prudential, Maritime Bank to provide bancassurance one-stop shop
Prudential Vietnam Assurance Company signed a partnership deal with Maritime Bank for providing bancassurance services in the bank’s network.
Reports of fat Vietnam bank profits inaccurate: inspectors
Central bank inspectors revealed that banks’ profit in Vietnam for 2011 was not as big as reported by many commercial banks.
Vietnam stopping use of gold for savings, lending
Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.
Habubank-SHB merger enters 2nd of 3 stages
The merger of Habubank and Sai Gon-Ha Noi Bank is soon to reach the second stage of a three-stage process.
Vietnamese banks remained weak in 2011
The State Bank of Vietnam reports less than satisfactory metrics for Vietnam’s banking sector in 2011.
Massive bank bad debts endanger Vietnamese economy
The stimulus that led to Vietnam’s huge economic growth the past decade has raised a huge problem of its own.
Habubank-SHB merger gets approved
The merger between Habubank and SHB has been approved Governor of the State Bank of Vietnam, Nguyen Van Binh.
Techcombank, Vietnam Airlines launch credit card
Techcombank has introduced their new international credit card for high-class passengers who usually travel on Vietnam Airlines’ flights
TienPhongBank to lend $144M in low interests
TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.
Agribank not to be equitized soon, says governor
There are no plans to equitize Agribank in the next five years, accordingto the Governor of the The State Bank of Vietnam.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
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