Keyword: "Eximbank"

The agency raised Vietcombank to BB+, Techcombank to BB and Eximbank to BB-, with stable outlooks, while upgrading Vietnam’s BICRA to group 8 from 9.

Many banks are starting procedures to pay dividends to shareholders from now until the end of the year.

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will terminate its partnership with Japanese Sumitomo Mitsui Banking Corporation (SMBC) as from February 7, according to a resolution of the bank's board of directors.

In the run-up to Tet (Lunar New Year), the biggest traditional festival of Vietnam, the inflow of remittances sent by overseas Vietnamese to the homeland has been on the rise, fueled further by local banks’ preferential programmes.

Some organisations have rushed to sell shares of Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) to retrieve bad debts, but it was not easy to find buyers agreeing with the offered price.

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.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).

Vietcombank sold out all 6.67 million shares of the Orient Commercial Bank (OCB) at an auction on April 17.

Deputy PM Vuong Dinh Hue received in Hanoi on March 5 Shosuke Mori, head of the Sumitomo Mitsui Bank’s Asia Pacific Division, describing the bank as an effective credit channel and a gateway for foreign investors to enter Vietnam.

The Government has asked ministries, sectors and localities to closely monitor developments of domestic and global situations to devise suitable policies, said Minister-Chairman of the Government Office Mai Tien Dung during a cabinet press conference on March 1.

The Ministry of Public Security’s investigation police has issued an international wanted notice for a fugitive bank executive for fraudulence, illegally appropriating over 10 million USD from a customer.

The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the Ho Chi Minh City Tax Department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported.

The State Bank of Vietnam set the daily reference VND/USD exchange rate at 22,443 VND/USD on December 14, down 7 VND from the rate on December 13.

Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.

Bank stocks strengthened during August 18’s afternoon trade which rescued the VN-Index from another fall as investor sentiment remained fragile.

After two weeks of lowering lending interest rates for short-term VND loans following the State Bank of Vietnam (SBV)’s cue, several commercial banks have reduced their deposit interest rates.

Some Japanese banks already operating in Vietnam have revealed their plans to expand investments, while others hope to make inroads into the market, according to Dau Tu (Investment) newspaper.

Shares bounced back May 26 thanks to the growth of a few leading large-cap stocks, but the market is exposed to risk of a downward correction following a prolonged rally.

The benchmark VN-Index failed to hold on to its morning rise from Wednesday as bank stocks dragged down the market on May 25.

Vietnam’s key VN Index inched up on May 11 as investors sought short-term profits in recently-gaining stocks.