Southern province attracts large-scale investment projects Business

Southern province attracts large-scale investment projects

The southern province of Ba Ria – Vung Tau last year attracted many large-scale investment projects, and it is noteworthy that the projects fell in the province’s orientations, according the provincial Department of Planning and Investment.
Vietcombank to cut stake in Eximbank Business

Vietcombank to cut stake in Eximbank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).
Banks aim to up capital ahead of new standards Business

Banks aim to up capital ahead of new standards

Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Vietnam (SBV).
PetroVietnam cracking down on losses Business

PetroVietnam cracking down on losses

The Vietnam National Oil and Gas Group (PetroVietnam) has decided to form teams to handle its loss-making projects since the snail-pace progress of the process has displeased the Government.
Banks to up capital by 1.6 billion USD Business

Banks to up capital by 1.6 billion USD

The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly 37 trillion VND (1.62 billion USD).
Official: Faster equitisation needed Business

Official: Faster equitisation needed

Speeding the equitisation of State-owned enterprises (SOEs) and development of the stock market is important to secure a Government policy to restructure businesses over the next five years.
Vietcombank aims to boost charter capital Business

Vietcombank aims to boost charter capital

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) expects to increase its charter capital this year to become more competitive and prepare for Basel II implementation.
Equitisation arm to increase charter capital Business

Equitisation arm to increase charter capital

The Debt and Asset Trading Corporation (DATC) will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.