Vietnam posts strong Q2 growth Business

Vietnam posts strong Q2 growth

Vietnam’s economy maintained impressive growth in the second quarter this year, according to a macroeconomic report released by the Vietnam Institute for Economic and Policy Research (VEPR) in Hanoi on July 11.
Gap widens in deposit interest rates Business

Gap widens in deposit interest rates

A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status.
Law to allow bank bankruptcies Business

Law to allow bank bankruptcies

The State Bank of Vietnam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process.
State-owned banks maintain ground in first 6 months Business

State-owned banks maintain ground in first 6 months

The Bank for Investment and Development of Vietnam (BIDV) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), two of the four state-owned banks in Vietnam, have reported positive financial results for the first half of 2015, confirming their leading positions in the market, according to a local newspaper.
Business

Vietinbank, PG Bank to merge in Q3

The Vietnam Bank for Industry and Trade (Vietinbank) will merge with Petrolimex Group Commercial Joint Stock Bank (PG Bank) in the third quarter of this year, said Nguyen Van Thang, Chairman of Vietinbank's Board of Directors, at the bank's Annual Shareholders' Meeting.
Vietcombank still hunts for merger Business

Vietcombank still hunts for merger

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.