Finance

Reference exchange rate kept stable

Created 26 May 2017
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The State Bank of Vietnam continued maintaining its reference VND/USD exchange rate at VND22,384/USD on May 26.

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Banks to up capital by US$1.6 billion

Created 25 May 2017
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The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VND37 trillion (US$1.62 billion).

banks to up capital by us$1.6 billion hinh 0

 

Bond demand hits seven-month high

Created 25 May 2017
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Demand for Government bonds has hit a seven-month high, helping the State Treasury successfully issue all 5-15 year bonds worth VND4 trillion (US$175.43 million) set for bidding last week.

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Foreign capital dominates insurance sector

Created 25 May 2017
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Through merger & acquisitions (M&A), the world’s leading insurance conglomerates have been buying Vietnamese companies, which has helped the former hasten their entry into the Vietnamese market.

 

VN credit institutions' bad debts at $7bln until March 31

Created 23 May 2017
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Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VND160 trillion ($7 billion).

 

Techcombank to mobilize $220mn from shareholders

Created 23 May 2017
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The Vietnam Technological & Commercial Joint Stock Bank (Techcombank) expects to mobilize VND5 trillion ($220.34 million) from shareholders in 2017.

 

Bank security lacking: State Bank of Vietnam

Created 19 May 2017
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In light of recent widely reported cases of banking fraud related to automatic teller machine (ATM) transactions, the State Bank of Viet Nam (SBV) has advised the public to remain calm and adhere to banks’ regulations, while urging the banks to plug security holes.

 

Vietinbank becomes settlement unit in derivatives market

Created 17 May 2017
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The Viet Nam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has been made the exclusive financial institution to carry out settlements for derivatives trading transactions.

 

Vietcombank card holder loses over US$1,300

Created 17 May 2017
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A man in HCM City has been defrauded of VND30 million (over US$1,300) overnight from his bank account at the Bank for Foreign Trade of Viet Nam (Vietcombank).

 

Shake-up needed in managing State capital

Created 15 May 2017
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Viet Nam urgently needs an effective model for managing State capital at State-owned enterprises (SOEs) to prevent loss and corruption while promoting efficiency in using State capital.

 

Gold, dollar price stable, preventing speculators from making money

Created 15 May 2017
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The gold and dollar markets worth tens of billions of dollars have remained stable despite fluctuations in the world market.

 

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