Retail banking market upbeat Business

Retail banking market upbeat

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.
Vietnam’s fourth bank inaugurated in Laos Business

Vietnam’s fourth bank inaugurated in Laos

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.
Binh Dinh installs 3,600 biogas systems Environment

Binh Dinh installs 3,600 biogas systems

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.
Credit growth lifts bank profits Business

Credit growth lifts bank profits

High credit growth has helped many commercial banks to gain impressive profits this year despite having to provide a larger amount for provisional fund.
Vietnamese bank supports Myanmar flood victims Society

Vietnamese bank supports Myanmar flood victims

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.
Market's previous growth wanes Business

Market's previous growth wanes

The national stock market was unable to maintain growth on August 5 as shareholders raised their selling volume to cut the market gains.
BIDV's assets 85 times higher than in 1995 Business

BIDV's assets 85 times higher than in 1995

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.
US-dollar loan demand rises Business

US-dollar loan demand rises

Demands for loans in US dollars have again increased in recent months, thanks to low interest rates and a stable exchange rate.
Forex reserves hit 37 billion USD Business

Forex reserves hit 37 billion USD

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.
MDB to be merged into Maritime Bank Business

MDB to be merged into Maritime Bank

The Mekong Development Bank (MDB) is set to merge with the Vietnam Maritime Commercial Bank (Maritime Bank) to form an institution among the country's five largest banks in terms of charter capital.
Business

Military Bank to raise charter capital to 16 trillion VND

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.