VN stocks to keep rising this week Business

VN stocks to keep rising this week

Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Thai firm to acquire Agribank subsidiary Business

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).
ADB loans 300 million USD to BIDV to support Vietnamese SMEs Business

ADB loans 300 million USD to BIDV to support Vietnamese SMEs

The Asian Development Bank (ADB) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) on December 12 signed a 300-million-USD loan agreement to support the growth and productivity of small- and medium-sized enterprises (SMEs) in Vietnam.
Top 500 largest enterprises in Vietnam announced Business

Top 500 largest enterprises in Vietnam announced

The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
Former BIDV Chairman Tran Bac Ha arrested Society

Former BIDV Chairman Tran Bac Ha arrested

The Ministry of Public Security's Police Investigation Agency has detained former BIDV Chairman Tran Bac Ha for his suspected involvement in legal violations via banking operations at the BIDV.
Banks expect higher credit growth limits Business

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.
Rooftop solar power to be insured Business

Rooftop solar power to be insured

Users of rooftop solar power will be insured for the first time in Vietnam under a deal among solar energy solution provider SolarBK Holdings, Bank for Investment and Development of Vietnam (BIDV), and BIDV Insurance Corporation (BIC).