Vietnam’s e-commerce market booming Business

Vietnam’s e-commerce market booming

Vietnam is one of the world’s fastest growing e-commerce countries, said Lai Viet Anh, deputy director of Vietnam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade.
First Vietnamese bank completes Basel II project Business

First Vietnamese bank completes Basel II project

The Orient Commercial Joint Stock Bank (OCB) has become the first Vietnamese bank to complete the implementation of a Basel II project, equipping it with the infrastructure of a modern and safe bank that meets capital, supervisory review and transparency requirements.
Sabeco reports 18 percent rise in profit Business

Sabeco reports 18 percent rise in profit

Saigon Beer, Alcohol and Beverage Corporation (Sabeco) announced its net profit in the first quarter of 2017 rose 18.8 percent year-on-year to 1.12 trillion VND (49.78 million USD).
OCB becomes pioneer in anti-money laundering Society

OCB becomes pioneer in anti-money laundering

The Orient Commercial Joint Stock Bank (OCB) has partnered with Fintek Company and Tess International Company in an anti-money laundering project under an agreement signed on November 9.
Small borrowers fear interest rate hike Business

Small borrowers fear interest rate hike

Individuals as well as small and medium-sized enterprise are apprehensive loan interest rates could rise since banks have kept hiking deposit interest rate since the end of last year.
Business

Housing credit package disbursement pushed forwards

Over 22,200 households have signed borrowing contracts worth 10.1 trillion VND (466 million USD) with commercial banks under the Government’s 30 trillion VND (1.4 billion USD) housing credit stimulus scheme, said Head of the Department of Housing and Real Estate Market Management Nguyen Manh Ha.
Business

Banks report strong liquidity ahead of Tet

Commercial banks said that 2015's Tet (Lunar New Year) festival has been the most easy so far, in terms of liquidity, and even though it is around the corner, according to Dau Tu Chung Khoan.
Business

BNP Paribas to increase stake in local bank

French bank BNP Paribas will increase its stake in Vietnam ’s Orient Commercial Joint Stock Bank from 15 to 20 percent next year, under a memorandum of understanding signed last week.