January 7, 2012
Australia & New Zealand Banking Group Ltd. will sell its stake in Vietnam’s Saigon Thuong Tin Commercial Joint-Stock Bank, known as Sacombank, as it seeks to develop its ANZ-branded business in the country. ANZ, which aims to get as much as 30 percent of its profit from the Asia-Pacific area by 2017, has received [...]
Tags: Asia-Pacific, Business, Chief Executive, Chief Executive Officer, Commercial joint, Commercial joint stock, Commercial joint stock bank, Executive Officer, Joint stock, Joint stock bank, Joint Stock Bank Known, percent, Sacombank, stake, stock, Stock bank, Stock Bank Known, Vietnam
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December 22, 2011
Saigon Thuong Tin Commercial Joint- Stock Bank may sell as much as a 15 percent stake to Credit Suisse Group AG, the Vietnamese lender’s Chief Executive Officer said. The bank’s stock rose to the highest level in almost a month in Ho Chi Minh City. Sacombank, as the lender is known, will start negotiations [...]
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December 14, 2011
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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December 9, 2011
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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November 26, 2011
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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November 16, 2011
A 96-year-old man says he is close to ending a treasure hunt that has lasted well over 50 years Tran Van Tiep, 96, and his youngest son Tran Phuong Hong. Tiep has obtained permission from Binh Thuan Province authorities to search for the 4,000 tons of gold treasure he believed to be hidden in [...]
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November 7, 2011
ACB Club owner Nguyen Duc Kien (L) speaks at VFF's annual general meeting in Hanoi on Friday. The Vietnam Football Federation (VFF) approved the establishment of the Vietnam Professional Football Company (VPF) as a joint stock company (JSC) at the federation’s annual general meeting in Hanoi on Friday. The approval gives in to the demand [...]
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October 29, 2011
Club owners at a meeting early this month. Football club owners want the country’s top-tier V-League and second-tier First Division to be managed by a joint stock company rather than a limited liability one. The club owners strongly disagree with the Vietnam Football Federation (VFF) and the Ministry of Culture, Sports and Tourism who want [...]
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October 29, 2011
A staff worker at a Masan Mart shop, which is owned by Masan Group. Masan Group Corp., the food, banking and natural-resources company that’s the biggest stock in the Ho Chi Minh City Stock Exchange, said it’s considering listing shares abroad. Masan may sell shares by issuing new stock, depositary receipts, convertible bonds or securities [...]
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October 20, 2011
Commonwealth Bank of Australia, the nation’s biggest lender, will pay VND1.15 trillion ($55 million) for an additional 5 percent stake in Vietnam International Commercial Joint-Stock Bank. The purchase, approved by regulators in July, will increase Commonwealth’s stake to 20 percent, the maximum allowed for a foreign investor, from 15 percent, the Vietnamese lender known [...]
Tags: 55 Million, Commercial joint, Commercial joint stock, Commercial joint stock bank, Commonwealth, Commonwealth Bank, Joint stock, Joint stock bank, management, percent, Risk Management, stake, Stock bank, Vietnam
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