Foreign investment in banking sector to surge Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
Banks hope to lure foreign investors Business

Banks hope to lure foreign investors

Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.
PV Oil stakes entice eight foreign investors Business

PV Oil stakes entice eight foreign investors

Eight investors have registered to become strategic shareholders of the Vietnam Oil Corporation (PV Oil) as of January 10, PV Oil CEO Cao Hoai Duong confirmed on the sidelines of the corporation’s roadshow.
Repsol wants to invest in Dung Quat Refinery Business

Repsol wants to invest in Dung Quat Refinery

Representatives from Spanish energy company Repsol have met with leaders of the Binh Son Refinery and Petrochemical Co Ltd (BSR) to seek opportunities to invest in the Dung Quat Refinery.
SSC to terminate 28 securities companies Business

SSC to terminate 28 securities companies

The State Securities Commission of Vietnam (SSC) terminated the operations of 28 securities companies, approved the dissolution of 5 companies, merged 8 companies in the first half of this year.
NCB to raise total asset to 4.18 bln USD  Business

NCB to raise total asset to 4.18 bln USD

The National Citizen Joint Stock Commercial Bank has set to raise total value of its asset to 4.18 billion USD in 2017, up nearly 40 percent from last year, heard a shareholders meeting on April 27.
 Sovico, BSR in investment talks Business

Sovico, BSR in investment talks

Investment firm Sovico Holdings is in talks with the Binh Son Refining and Petrochemical Company (BSR Co Ltd) on exploiting opportunities arising out of the latter’s equitisation process.