The Military Commercial Joint Stock Bank (MB) ranked third among 14 Vietnamese banks in the list of 500 strongest banks (AB500) in Asia-Pacific recently released by The Asian Banker.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) together with Mitsubishi UFJ Financial Group (MUFG – Japan) co-organized a “Business Matching Fair in Vietnam” on October 23
The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) ruled at the first instance trial for their wrongdoings at the bank.
The People’s Court of HCM City opened the first instance trial on February 8 for two former employees of Vietinbank for swindling over 1.085 trillion VND from five companies.
The State Bank of Vietnam (SBV) will work to maintain interest rate stability, enabling firms to access credit for their production and business, SBV Governor Le Minh Hung has said.
VietinBank Laos, an affiliate of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), marked its five-year operation in Laos at an event on March 31.
The central coastal province of Khanh Hoa is striving to tackle overload at the Cam Ranh International Airport, including calling for additional capital to complete the construction of its second runway.
Vietnam is working hard to improve its business climate to attract more foreign investors, including those from Japan, said Prime Minister Nguyen Xuan Phuc.
Several commercial banks have in the early days of 2017 posted positive business performance for 2016, with profits much higher than the previous year.
Moody’s has forecast that the Vietnamese banking system will remain stable in the next 12-18 months, reflecting its expectation that the country’s macroeconomic stability will support the banks’ weak credit profiles.
Ho Chi Minh City attracts the largest amount of overseas remittances among all cities and provinces in Vietnam, and it is working on how to optimise this source of capital.
State-owned enterprises (SOEs) remain the biggest tax payers as they make up nearly 60 percent of the total value of corporate income tax paid by the top 1,000 enterprises of tax contribution (V1000).
Party General Secretary Nguyen Phu Trong has requested that serious and complex corruption cases must be investigated, prosecuted and brought to trial as soon as possible.
Hanoi is attempting to reduce the rate of poverty by 1.3 percent, equivalent to 27,000 poor households, in 2016, with preferential policies.
Vietnamese shares on July 12 rebounded from a two-day decline as banks advanced on second-quarter profits and higher oil prices pushed energy stocks up.
The process of restructuring commercial banks in Vietnam mostly focusses on mitigating negative effects and not on promoting positive factors, one of which is the increase in private ownership.
Prime Minister Nguyen Xuan Phuc recently asked the Ministry of Industry and Trade to sell the Thai Nguyen Iron and Steel Joint Stock Company (TISCO) and invest in their new factory.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has signed a syndicated loan worth 200 million USD with 18 international banks in Chinese Taipei.
