VAMC to issue second batch of special bonds
The Vietnam Asset
Management Company (VAMC) has decided to issue its second batch of
special bonds to help handle bad debts for several banks, the State Bank
announced on October 18.
The Vietnam Asset
Management Company (VAMC) has decided to issue its second batch of
special bonds to help handle bad debts for several banks, the State Bank
announced on October 18.
The bank said the bonds, worth of 3,070 billion VND (146.1 million USD) with five-year maturity from October 22, 2013 to October 22, 2018 and a zero percent interest rate, are sold for its three clients, namely Sai Gon Commercial Bank (SCB), Southern Bank, and Agribank.
Of the total, SCB will buy nearly 1,191.7 billion VND; Southern Bank, over 154.5 billion VND; and Agribank, approximately 1,723.8 billion VND.
On October 14, VAMC had already issued bonds worth of 792.6 billion VND for SCB, Sai Gon Hanoi Bank (SHB) and Petroleum Bank (PGBank).-VNA
The bank said the bonds, worth of 3,070 billion VND (146.1 million USD) with five-year maturity from October 22, 2013 to October 22, 2018 and a zero percent interest rate, are sold for its three clients, namely Sai Gon Commercial Bank (SCB), Southern Bank, and Agribank.
Of the total, SCB will buy nearly 1,191.7 billion VND; Southern Bank, over 154.5 billion VND; and Agribank, approximately 1,723.8 billion VND.
On October 14, VAMC had already issued bonds worth of 792.6 billion VND for SCB, Sai Gon Hanoi Bank (SHB) and Petroleum Bank (PGBank).-VNA
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
