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Commercial banks yet to raise fees

Commercial banks yet to raise fees

Commercial banks have yet to be allowed to hike fees for ATM cash withdrawals, the State Bank of Vietnam (SBV) announced on July 10.

Vietnam has good growth momentum: Fitch forum

Vietnam has good growth momentum: Fitch forum

The Vietnamese economy is enjoying stronger growth compared to 2017 with increasing foreign reserves and tight control of foreign debt, said Fitch experts at the “Fitch on Vietnam” forum held in Hanoi on June 8.

Vietnamese overseas investment exceeds US$187 million

Vietnamese overseas investment exceeds US$187 million

Vietnamese enterprises invested nearly US$184.7 million in overseas projects in the first five months of 2018, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.

TH Group expects IPO in Singapore within next two years

TH Group expects IPO in Singapore within next two years

TH Group may one-up Vietjet and VNG by becoming the first Vietnamese firm to have its stock listed on an overseas stock exchange. However, the IPO is planned for 2020, which leaves a lot of space for action for the other firms.

Commercial banks discuss M&As - again

Commercial banks discuss M&As - again

After a quiet period, M&As have once again become a hot topic of discussion at banks’ annual shareholders’ meetings. Several big deals are expected to be completed this year.

BIDV donates VND1 billion to Hue Festival

BIDV donates VND1 billion to Hue Festival

The Bank for Investment and Development (BIDV) will donate VND1 billion (US$43,700) to activities within the framework of the Hue Festival 2018, becoming the bronze sponsor for the event.

Sao Khue IT winners honoured

Sao Khue IT winners honoured

The Vietnam Software and IT Services Association (VINASA) presented the Sao Khue Awards to 73 information and technology (IT) solutions and services, and software products in a ceremony in Hanoi on April 21.

Myanmar’s regulations hinder trade with Vietnam

Myanmar’s regulations hinder trade with Vietnam

Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations.

RoK's banks entering Vietnam in wake of FDI surge

RoK's banks entering Vietnam in wake of FDI surge

Inspired by many Republic of Korea (RoK)'s businesses and investors making a splash in Vietnam, many RoK's financial institutions are seeking to further invest or shore up their operations here. And it is not only RoK's businesses, but local ones too that such investors are aiming at.

HCM City to pay interest for hi-tech farms

HCM City to pay interest for hi-tech farms

-Ho Chi Minh City will subsidise interests on bank loans by up to 100% to support individuals and organisations who help transform its agricultural sector.

List of 500 largest Vietnamese enterprises announced

List of 500 largest Vietnamese enterprises announced

The list of top 500 largest Vietnamese enterprises (VNR500) was announced in Hanoi on January 19, with the number of private companies in the list rising by 2.5 times in 2017 since the rankings were first made 10 years ago.

BIDV to cut annual lending interest rate by 0.5%

BIDV to cut annual lending interest rate by 0.5%

The Bank for Investment and Development of Vietnam (BIDV) will cut down its lending interest rate for short-term loans in Vietnam dong for prioritised sectors by 0.5% to 6% per year from January 15.

Former Construction Bank officials on second-phase trial

Former Construction Bank officials on second-phase trial

The Ho Chi Minh City People’s Court on January 8 began a trial on the case of “deliberately violating State regulations on economic management causing severe consequences” in the Vietnam Construction Bank (VNCB-present name CB).