Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
Banks set dates for 2018 AGMs Business

Banks set dates for 2018 AGMs

After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.
NPC signs 22.7 million USD loan deal Business

NPC signs 22.7 million USD loan deal

The Northern Power Corporation under the Electricity of Vietnam Group (EVN NPC), signed a syndicated loan agreement worth 515 billion VND (22.7 million USD) last week for the period of seven years.
Life sentences proposed for cheating bank officials Society

Life sentences proposed for cheating bank officials

Ho Chi Minh City prosecutors on January 13 demanded life imprisonment for Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), at her trial that started on January 6.
Business

IFC gives more financial support

The International Finance Corporation (IFC), a member of the World Bank Group, has expanded a trade finance line to 30 million USD for the Vietnam International Commercial Joint-Stock Bank (VIB) at a time when global liquidity is tightening.
Business

VIB bank reaches out to new partners

The Vietnam International Commercial Joint Stock Bank (VIB) has signed a cooperation agreement with VTC Online – a subsidiary of the Vietnam Multimedia Corporation (VTC) to jointly carry out an online payment system.
Society

Foreigner sentenced for falsifying documents

The Ho Chi Minh City People’s Court on Aug. 17 sentenced a Congolese national living to 3 years in prison for falsifying seals and official documents to open accounts and receive funds.