MB to set up commercial bank in Cambodia Business

MB to set up commercial bank in Cambodia

The State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100%-owned bank in Cambodia on the ground of its branch in Phnom Penh.
HCM City asks to tighten credit in high-end property Business

HCM City asks to tighten credit in high-end property

The Ho Chi Minh City branch of the State Bank of Vietnam has asked credit institutions to tighten the management on credit flow into the real estate sector and the transfer of money collected from real estate transactions abroad.
Thai-branch Vietjet ranked second in market share Business

Thai-branch Vietjet ranked second in market share

Thai Vietjet accounts for 17.3 percent of Thailand’s aviation market share, ranking the second for the first time, according to the Civil Aviation Authority of Thailand (CAAT)'s air transport statistics for the fourth quarter of 2020.
Exports of some farm produce via Lao Cai border gate surge in Q1 Business

Exports of some farm produce via Lao Cai border gate surge in Q1

Exports of several kinds of farm produce to China via Lao Cai border gate (the northern border province of Lao Cai) increased in the first quarter of this year despite the COVID-19 pandemic, said deputy head of the border gate’s customs branch Tran Anh Tu on April 1.
Party official welcomes Total’s investment in Vietnam Politics

Party official welcomes Total’s investment in Vietnam

Politburo member and head of the Party Central Committee’s Economic Commission Nguyen Van Binh said Vietnam needs huge investment in the energy sector and wants to attract world leading groups with experience and advanced technology such as the French oil and gas group Total.
HCM City backs Thailand’s KBank to open first branch in VN Business

HCM City backs Thailand’s KBank to open first branch in VN

Ho Chi Minh City will create favourable conditions for Thai-based Kasikorn Bank (KB Bank) to open its branch in the city, the first of its kind in Vietnam, helping diversify local credit and banking activities, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen has said.
Kookmin Bank opens first branch in Hanoi Business

Kookmin Bank opens first branch in Hanoi

Kookmin Bank of the Korean KB Group has opened its first branch in Hanoi on the 25th floor of Landmark72 building after receiving approval from the State Bank of Vietnam (SBV).
NongHyup Bank to open branch in HCM City Business

NongHyup Bank to open branch in HCM City

Ho Chi Minh City supports and creates optimal conditions for the Republic of Korea’s NongHyup Bank to open a branch in the southern largest economic hub of Vietnam, said a municipal official.
VientinBank Laos launches branch in Vientiane Business

VientinBank Laos launches branch in Vientiane

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) opened a new branch in the Lao capital of Vientiane on November 28, the second Lao branch the bank has opened since 2015.
Bangkok Bank wants higher lending limit in Vietnam World

Bangkok Bank wants higher lending limit in Vietnam

The Vietnamese branch of Bangkok Bank has sought permission from the State Bank of Vietnam to increase lending growth cap after its lending expansion during the first half of 2018 neared the 15-percent annual limit.