Banks cut interest rates to support firms Business

Banks cut interest rates to support firms

Starting from January 10, four State commercial banks will lower interest rates to support domestic firms operating in five prioritised sectors as stipulated by the State Bank of Vietnam.
Vietcombank allowed to apply Basel II standards Business

Vietcombank allowed to apply Basel II standards

The State Bank of Vietnam has allowed Vietcombank to apply minimum capital adequacy ratio requirements following Basel II standards one year earlier than the deadline initially set by the central bank.
Commercial banks race to expand foreign investments Business

Commercial banks race to expand foreign investments

Vietnamese commercial banks are racing to develop their networks by opening representative offices and subsidiaries in foreign nations, paving the way for them to expand their overseas operations, according to market watchers.
Vietnamese Party delegation visits Laos Politics

Vietnamese Party delegation visits Laos

Politburo member and permanent member of the Secretariat of the Communist Party of Vietnam Central Committee (CPVCC) Tran Quoc Vuong met with Lao National Assembly Chairwoman Pany Yathotou in Vientiane on October 9 as part of his official visit to Laos.
Vietcombank to cut stake in Eximbank Business

Vietcombank to cut stake in Eximbank

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 earns record high pre-tax profit Business

Vietcombank earns record high pre-tax profit

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued its impressive performance in the first quarter of this year, posting pre-tax profit record high of more than 4.3 trillion VND (189.4 million USD).
Shares up on bank stocks, oil rises Business

Shares up on bank stocks, oil rises

A huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session.