An exhibition on banking, finance and insurance - the BFI Expo 2007 - kicks off today in the northern capital of Hanoi. The three-day exhibition is aimed at showcasing an overall picture of Vietnam's banking and finance industry in the country's first official year of WTO membership. The second annual event attracted around 80 -100 exhibitors to showcase their products on 1,400 sq.m site in the Melia Hotel. Banks and financial institutions taking part in the event have opportunities to introduce their products and services and promote their latest technology and equipment. … [Read more...] about Banking, finance expo starts in Hanoi
Banking finance
Vietnam bank finances $185 mln shipbuilding park
A Vietnamese state bank has provided a VND3 trillion credit to the northern Vinashin-Shinec industrial park Under the deal signed late last week, the Bank for Investment and Development of Vietnam (BIDV) would also offer banking services to the Hai Phong city-based Vinashin-Shinec IP, which is home to several ship factories. The US$185 million in funding is to be implemented through 2010. … [Read more...] about Vietnam bank finances $185 mln shipbuilding park
Non-bank finance firms may lose customers on subsidy
Non-bank finance companies may lose customers to the nation’s banks, which will be able to offer lower lending rates because of a new government subsidy, an industry association said. The Vietnam Steel Association has called for the government to appraise steel projects that are underway or whose construction will begin soon, and suspend those without thorough plans to source raw materials for a long period of time Vietnam plans to use VND17 trillion (US$1 billion) from an economic stimulus package to provide an interest subsidy of 4 percent on borrowings by companies. This will be available to local commercial banks and people’s credit funds, not non-bank finance firms, according to the government. … [Read more...] about Non-bank finance firms may lose customers on subsidy
Hanoi to host “Banking-finance-insurance and partners” week
A “Banking-finance-insurance and partners” week will take place in Hanoi from May 5-7 with a wide range of activities, including an exhibition displaying the achievements of these service organizations and a dialogue between these organizations and State management agencies and enterprises. This is the second year the event will be held by the Vietnam Association of Small and Medium Sized Enterprises (Vinasme), the Vietnam Banking Association (VNBA), the Association of Vietnam Insurers (AVI) and the Vietnam Youth Company. The event aims to establish close links among banking, finance and insurance organisations and partners in strategic consultancy and capital supply. At the exhibition, banking, finance and insurance organizations will introduce their achievements, advanced technologies and development potential to discover market demands, promote their trademarks and establish strategic alliance. The dialogue which will be held on May 6 will be an opportunity for … [Read more...] about Hanoi to host “Banking-finance-insurance and partners” week
German bank finances metro project in city
German bank finances metro project in city By Hoang Son - The Saigon Times Daily HCMC Vice Chairman Nguyen Thanh Tai (R) and a representative of KfW shake hands after signing a credit agreement to finance the city’s second metro project at the witness of Prime Minister Nguyen Tan Dung and other Vietnamese and German officials - Photo: TTXVN HCMC – HCMC Vice Chairman Nguyen Thanh Tai on Saturday signed a credit agreement with German Reconstruction Bank (KfW), under which KfW would provide nearly 213 million euros for the second metro project in HCMC The credit agreement was signed in Hanoi under the witness of Prime Minister Nguyen Tan Dung and the visiting German Federal Foreign Minister Guido Westerwelle. The credit agreement was signed just three days after approval from the Prime Minister, allowing the HCMC government and the Finance Ministry to negotiate and sign the credit agreement for the project. As covered by the Daily on Thursday, this credit agreement came … [Read more...] about German bank finances metro project in city