Posts Tagged ‘ Commercial ’

Vietnamese police bust fake ATM card ring 

January 9, 2012
Vietnamese police bust fake ATM card ring 

  Ho Chi Minh City police have arrested one Vietnamese and three Malaysian men for allegedly using fake ATM cards to withdraw money from local banks. They are believed to be members of a transnational crime ring. The first arrest, of Co Kim Thach, a 39-year-old resident of District 5, was made on December 30, [...]

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Shareholders approve merger of three Vietnamese banks 

December 17, 2011
Shareholders approve merger of three Vietnamese banks 

Vietnam Tin Nghia, Ficombank and Saigon Commercial Bank will be merged into a new lender. Around 90 percent of shareholders at three local banks, Vietnam Tin Nghia, Ficombank and Saigon Commercial Bank, have voted in favor of the merger of the three. They also reached an agreement Thursday that the new bank formed by the merger [...]

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Vietnam risks economic stability if policy eased: IMF 

December 14, 2011
Vietnam risks economic stability if policy eased: IMF 

Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]

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Three Vietnam banks to merge to boost liquidity, cut costs 

December 9, 2011
Three Vietnam banks to merge to boost liquidity, cut costs 

A branch of First Commercial Joint-Stock Bank in Hanoi. The bank and two other Vietnamese banks plan to merge to bolster their liquidity. Three Vietnamese banks plan to merge to bolster their liquidity and cut costs as a single entity, the country’s central bank said. First Commercial Joint-Stock Bank, Tin Nghia Commercial Joint-Stock Bank and [...]

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Vietnam wants 15 large banks by 2015 to strengthen system 

November 26, 2011
Vietnam wants 15 large banks by 2015 to strengthen system 

An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Vietnam’s central bank unveiled plans to create a three-tiered financial industry dominated by 15 lenders as part of efforts to allay concerns over the nation’s banking system. The country aims to have 15 “big” banks by [...]

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From naivety to sureness 

November 23, 2011
From naivety to sureness 

  Film on gay men shows director approaching realism with confidence Hotboy noi loan va cau chuyen ve thang Cuoi, co gai diem va con vit (Lost Paradise), which is playing in theaters now, is Vu Ngoc Dang’s latest effort to make a serious movie that sells. The movie has taken part in several international [...]

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Vietnam lawmakers frown at proposed administrative fines 

November 22, 2011
Vietnam lawmakers frown at proposed administrative fines 

  Vietnam’s lawmakers said Friday they did not agree that the heavier cash fines proposed by a draft law will be able to deter administrative violations. Ngo Van Minh, a lawmaker from the central province of Quang Nam, said while people keep complaining that current fines aren’t heavy enough to deter violations, they have ignored another [...]

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Eliminate bad debts once and for all: experts 

November 13, 2011
Eliminate bad debts once and for all: experts 

  Wiping out small banks should not be the goal of banking reform A customer exits a branch of Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, in Hanoi. Bad debts at local banks are rising, raising concerns about the safety of the whole banking system. With bad debt exposure rising among local [...]

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Boeing Dreamliner makes first commercial flight 

October 26, 2011
Boeing Dreamliner makes first commercial flight 

Passengers board a Boeing 787 Dreamliner operated by All Nippon Airways at Narita Airport, Japan prior to its flight to Hong Kong. Boeing’s new 787 Dreamliner made its first commercial flight on Wednesday, giving a handful of deep-pocketed passengers the chance to fly into history on what is touted as an aviation breakthrough. Carrying 252 [...]

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Deposits flow out of local banks on lower interest rates 

October 17, 2011
Deposits flow out of local banks on lower interest rates 

An employee at Joint-Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, counts dong bank notes in Hanoi. Bank depositors are shifting their funds to other investment channels after the central bank ordered commercial banks to comply with a 14 percent ceiling on dong deposit interest rates. Several banks have said their deposits are [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...