BIDV and Vietcombank have been increasing their charter capital mostly thanks to the sale of shares to foreign investors. BIDV in a very short time of 2019 began applying Basel II standards. BIDV and Vietcombank have been increasing their charter capital mostly thanks to the sale of shares to foreign investors. BIDV in a very short time of 2019 began applying Basel II standards. … [Read more...] about VN banking sector: The ‘big four’ struggle to raise charter capital
Bank of america business line of credit
According to many analysts, Chinese investors expect to set up projects in Viet Nam, import materials from their country, do some minor work in Viet Nam, and label them as originating in this country to export to third countries. … [Read more...] about 2 State-owned banks allowed to increase charter capital
The agreement with Masan allows Vingroup to focus on its emerging businesses namely manufacturing and technology, while Masan obtains its last piece of a puzzle to build an empire of consumer retail, with the ultimate aim of expanding to international markets. … [Read more...] about Singapore’s GIC, Credit Suisse no longer hold shares of Vinmart operator?
Do Nhat Hoang, Director of Foreign Investment Department, Ministry of Planning and Investment said that Japanese enterprises often took careful steps in investment. Last year, Japanese FDI with US$1.07 billion ranked second after South Korea with $1.58 billion.— VNS … [Read more...] about Japanese businesses to invest in Viet Nam’s services and retail
HCM City (VNA) – The interest rates were kept stable in the first six months of 2018 while the lending rates for priority fields have decreased. The information was revealed at a meeting to review the banking activities in the first half of 2018 in Ho Chi Minh City on June 13. State and commercial banks cut about 0.5 percent per year in interest rates for consumers with good credibility. At current, interest rates of short-term loans stand at 6-9 percent while those of mid- and long-term loans are about 9-11 percent. Those with high credibility and financial capability could enjoy rates of 4-5 percent per year. According to Vice Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, to ensure the liquidity of credit organisations and stabilisation of the monetary and forex market, the central bank will focus on the flexible management of open market operations in line with market developments and available capital of credit organisations. The bank will make it … [Read more...] about Interest rates kept stable in first half of 2018