Vietnamplus

Vietnam is expected to lure many foreign banks, especially those operating in the retail segment, once the country removes all technical barriers in the banking sector this year.

Local auto import distributors could record high growth in the second half of the year as the US dollar has recently raised its value against other foreign currencies.

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) held a ceremony in Vientiane to open its subsidiary in Laos, becoming the fourth Vietnamese bank operating in the country.

The central province of Binh Dinh has installed 3,600 biogas systems since 2013, when the low-carbon agricultural support project sponsored by the Asian Development Bank was launched.

High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.

Vietnam's many achievements in socio-economic development over the past 30 years of doi moi (renewal) owed much to 20 years as recipients of significant Official Development Assistance (ODA).

The Vietnam Bank for Investment and Development (BIDV) has provide aid in cash and in kind worth 50,000 USD to help the people of Myanmar overcome the devastating aftermath of the recent floods.

The national stock market was unable to maintain growth on August 5 as shareholders raised their selling volume to cut the market gains.

Prime Minister Nguyen Tan Dung has applauded cooperation between the central banks of Vietnam and Myanmar, which he said has contributed practically to the two countries’ relations.

The Bank for Investment and Development of Vietnam's (BIDV) total assets rose 85 times from 8.7 trillion VND (399 million USD) in 1995 to 730 trillion VND (33.4 billion USD) in 2015.

Demands for loans in US dollars have again increased in recent months, thanks to low interest rates and a stable exchange rate.

Over 800 social infrastructure projects covering rural roads, irrigation systems and fresh water facilities have become operational under the Northern Mountains Poverty Reduction Project.

Bank credit growth so far this year stands at 7 percent year-on-year, outstripping deposit growth, which is only 5 percent, Dau Tu Chung Khoan newspaper reported.

The country's foreign exchange reserves excluding gold have been increasing continuously, reaching 37 billion USD by the end of July, Governor of the State Bank of Vietnam Nguyen Van Binh said.

Deputy PM Hoang Trung Hai has allowed the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the World Bank's IDA.

Credit institutions had to provide nearly 89.7 trillion VND (4.13 billion USD) of provisional funds by the end of June, due to the application of new regulations earlier this year.

The Military Commercial Joint Stock Bank (MB) will increase its charter capital from 11.6 trillion VND (539.5 million USD) to 16 trillion VND (744.1 million USD) as approved by the State Bank of Vietnam (SBV) in document No. 5384/NHNN-TTGSNH.