Tags: mb

Fitch lowers VN banks’ rating outlooks due to coronavirus

Fitch lowers VN banks’ rating outlooks due to coronavirus

Fitch Ratings has recently revised the outlook on long-term issuer default ratings of two State-owned banks, and a wholly foreign-owned bank in Vietnam, to stable from positive, and the outlooks for two joint stock commercial banks to negative from stable.

Metfone, MB Cambodia ink five-year cooperation deal

Metfone, MB Cambodia ink five-year cooperation deal

Metfone, the Cambodian affiliate of the military-run telecom group Viettel, and the branch in Cambodia of the Military Bank (MB Cambodia), on March 26 signed an MoU on their five-year strategic cooperation.

Local commercial banks cut interbank transfer fees

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.

Twelve banks clear all bad debts at VAMC

Twelve banks clear all bad debts at VAMC

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).

Vietnam, Cambodia’s central banks look to foster partnership

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.

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.

Banks’ profit skyrockets due to credit growth

Banks’ profit skyrockets due to credit growth

Due to the recovery of the credit market throughout the year 2017, plenty of banks announced positive business performance with increased profits whilst fostering asset trading, risk management, and control over non-performing loans.

Banks run out of credit quotas

Banks run out of credit quotas

Many large-sized commercial banks have no scope for credit growth for the last months of the year, as they have used nearly all the quota allowed by the central bank.

19 businesses win gold quality awards

19 businesses win gold quality awards

Nineteen businesses across the country were granted with the 2014 national gold quality awards in recognition of their outstanding performance in the building and application of high quality management systems in the field.

Military Bank named Best Domestic Bank

Military Bank named Best Domestic Bank

(VOV) - Asiamoney Magazine has awarded the Military Commercial Joint Stock Bank (MB) its “Best Domestic Bank in Vietnam” title for the year 2013.

US$140 mln for oil&gas project

US$140 mln for oil&gas project

(VOV) - PetroVietnam Exploration and Production Corporation (PVEP) has reached a US$140 million deal with five commercial banks to implement its offshore oil and gas exploitation project in Lot 15-2/01 within Vietnam’s continental shelf.