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.
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.
The State Bank of Vietnam (SBV) on February 22 announced the central rate for the Vietnam dong against the US dollar at 21,894 VND per USD, a decrease of 6 VND compared to the late last week.
National Assembly Vice Chairwoman Nguyen Thi Kim Ngan attended a ceremony on Jan. 4 to hand over 350 houses, built with funding from VietinBank in 2015, to poor families in the Mekong Delta province.
The 104th council meeting of the International Investment Bank opened in Hanoi on December 4, along with a business forum on global opportunities for local sustainable development in Vietnam.
Financial assistance and proper information are among practical measures needed to maximise profit for enterprises exporting to Japan, according to experts.
The winners of the Vietnam Outstanding Banking Product/Service Awards 2015, organised by the International Data Group (IDG) and the Vietnam Banks Association, were announced at a ceremony in HCM City.
The exchange rates between Vietnam dong and US dollar saw a slight change at domestic commercial banks on October 5 following Circular 15 issued by the State Bank of Vietnam (SBV) taking effect.
The State Bank of Vietnam (SBV)’s surprising decision to cut the interest rates on USD deposits on September 27 was welcomed by economic experts, who said the move was a step towards many goals.
Credit ratings agency Moody’s has recently ranked the Vietnam Joint Stock Commercial Bank for Industry and Trade the first among nine rated Vietnamese banks in terms of financial strength.
Business
XIII National Congress of Communist Party of Vietnam
