Law on credit institutions takes effect Business

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.

SeABank to raise charter capital

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh has permitted SeABank to raise its charter capital to 5.46 trillion VND (260 million USD) from 5.33 trillion VND (254 million USD).

Vietnam intensifies cash flows into economy

The Governor of the State Bank of Vietnam (SBV) has allowed many commercial banks to raise credit growth to 20 percent by 2013. Lower credit rate has failed to give a strong boost to lending although the year’s end is inching in - the time when the demand for finances is usually the highest in the year. Report by the Vietnam Business Forum.

SeABank receives ASEAN Business Award

The Southeast Asia Commercial Joint Stock Bank (SeABank) was the only representative bank in Southeast Asia to receive ASEAN business awards ( ABA ) for its achievement in innovation on Oct. 31.