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, 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.
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 out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).
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 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.
The State Bank of Vietnam (SBV) recently approved a proposal of the Military Commercial Joint Stock Bank (MB) to raise its charter capital.
After years of receiving low dividend payout rate by banks, shareholders of many banks are now happy with the high rates announced at this year’s annual general meetings (AGMs) of shareholders.
Shinhan Financial Group has just announced that subsidiary Shinhan Card has completed the acquisition of Prudential Vietnam Finance Company Ltd.
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.
Five commercial banks have been selected to pilot a 24/7 e-tax payment scheme from November this year.
Viettel, the telecom group, and Tan Can Sai Gon (SNP), a port developer, are the two names topping the list of military companies sought by investors.
ACB, Sacombank and Eximbank, the three most influential banks in the south, like MB and Techcombank in the north, are encountering serious difficulties.
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.
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.
(VOV) -The Vietnam Military Joint Stock commercial Bank (MB) has been named as the Strongest Bank in Vietnam 2014 by Asian Banker magazine.
Many banks have planned higher profits this year as they expect better recovery in the economy.
(VOV) - Asiamoney Magazine has awarded the Military Commercial Joint Stock Bank (MB) its “Best Domestic Bank in Vietnam” title for the year 2013.
(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.