World bank and international monetary fund

With its relationships with more than 400 agents who are banking institutions and strategic co-operation with many leading Vietnamese and international partners, HDBank has extensive international payment operations and its international payment services quality is recognised also by other leading lenders such as Wells Fargo, Deutsche Bank, Citibank, and BHF – Bank. … [Read more...] about HDBank wins award for outstanding international payment service for 3rd consecutive year

However, the startup community of Viet Nam has some notable highlights such as many startups being at the forefront together with foreign enterprises in providing solutions in transportation services, e-commerce, and creating co-working spaces, according to Deputy PM Dam. … [Read more...] about Investment funds to pour US$ 815 million in Vietnamese start-up businesses

HCM City (VNS/VNA) - For its almost 100 percent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank has received the MT202 and MT103 STP awards for international payment services from J.P. Morgan Chase Bank. This is the third year in a row HDBank has won the MT202 award, and the second year it has received the MT103 award. Both are given by J.P Morgan Chase Bank, the US’s largest lender in terms of assets and the world’s largest US dollar clearing agent. HDBank’s STP rates exceed the benchmarks set by global credit institutions. According to JP Morgan Chase and other large institutions and agents providing clearing services in the greenback and euro, the STP rate for international electronic payment is currently 89–90 percent on average. With an exceptional STP rate of 99.94 percent for MT 202 and 99.68 percent for MT103, HDBank was one of the few Vietnamese banks to win the top prize. This underlines … [Read more...] about HDBank wins award for outstanding international payment service

Dong made this statement at the seminar on International Financing for Independent Power Projects on November 25 in Hanoi. Since 2015, Vietnam has transitioned to a low-middle-income country which reduces its access to concessional sources of finance from development partners such as Official Development Assistance (ODA). “Therefore, capital can only be mobilised from international financial institutions,” he said. The international capital market is very large with tens of thousands of billions of US dollars, more than enough to satisfy Vietnam’s capital need. However, Dong said such capital flows are highly competitive, running on supply-demand principles and certain standards, which requires borrowers to comply. In February this year, the Politburo issued Resolution No. 55-NQ/TQ on Vietnam’s strategic orientations for energy development through 2030 and with an outlook to 2045. To meet the target of a total capacity of all power sources reaching … [Read more...] about International financing key to develop Vietnam’s power sector: Officials

Hanoi (VNS/VNA) - Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital. The Hanoi Stock Exchange (HNX) has approved the additional listing of more than 498.8 million shares in Asia Commercial bank (ACB), which will be issued to pay dividends to its shareholders next month. Once completed, the bank’s charter capital will increase to nearly 21.62 trillion VND (932 million USD) from 16.63 trillion VND. Despite being the largest listed bank on the HNX, the HCM City-based lender is planning to shift to the Ho Chi Minh Stock Exchange (HoSE) in the last two months of this year. The bank's share value is expected to rise after the move as it will be eligible to be added to the sub-indices on HoSE such as the VN30, VNDiamond, VNFinSelect and VNFinLead. Military Bank (HoSE: MBB) has also sent confirmation to the State Securities Commission (SSC) … [Read more...] about Billions of banking stocks to flood market under dividend plans