Thursday, June 20, 2019 - 14:32:49

annual shareholders’ meeting

Sacombank vows to finish settling bad debts in five years

Business

Sacombank vows to finish settling bad debts in five years

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has pledged to finish settling all of the 100 trillion VND (4.38 billion USD) of its bad debts in five years, instead of 10 years as stated in the restructuring plan approved by the State Bank of Vietnam.

Concern over Vinawaco capital loss

Business

Concern over Vinawaco capital loss

Three years after an initial public offering (IPO), the Vietnam Waterway Construction Joint Stock Corporation (Vinawaco) has not transferred the State’s capital from the transport ministry to the State Capital Investment Corporation (SCIC).

VN-Index up on investor confidence

Business

VN-Index up on investor confidence

The benchmark VN-Index surpassed the short-term resistance of 780 points on July 6, closing up 0.56 percent at 782.65 points, thanks to strong investor confidence in the market outlook.