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 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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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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February 2, 2010
LookAtVietnam – Businesses are complaining that their business plan have been damaged because banks refuse to provide loans. X., director of a construction company, has paid back his four billion dong debt that just matured. The bank promised to provide another loan, but then refused, even though the new loan would be equal to ¼ [...]
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January 28, 2010
The decision by SBV to maintain the basic interest rate means that the difficulties in capital mobilization will not be improved in the near future. The basic interest rate for February 2010 will still be eight percent. A joint stock bank director told Dau Tu reporters that the decision was really a surprise to commercial banks. [...]
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January 27, 2010
Vietnamâs biggest listed banks, including Joint Stock Bank for Foreign Trade of Vietnam, reported an increase in 2009 earnings as the governmentâs stimulus package boosted lending. Pretax profit of Hanoi-based Joint-Stock Bank for Foreign Trade of Vietnam, known as Vietcombank, rose 46 percent to VND5.15 trillion (US$279 million) last year, Vice General Director Nguyen Thu [...]
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December 23, 2009
A new regulation being drafted by the State Bank of Viet Nam will establish more detailed ground rules for the establishment of a new joint stock commercial bank. The State Bank put a freeze on the establishment of new commercial banks back in August 2008 due to a proliferation of new banks. Since then, only [...]
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November 3, 2009
Eximbank is the fourth-biggest company by market value on the Ho Chi Minh City stock exchange The listing of Vietnam Export-Import Commercial Joint-Stock Bank (Eximbank) will give a boost to other bank stocks, which have gone sideways recently, and help attract more listings in the market, experts said. The lender, partly owned by Sumitomo Mitsui [...]
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October 23, 2009
Some commercial banks said they would no longer offer loans to property investors as the central bank was now forcing them to keep interest on such loans under a cap set by the government. In a note issued late last month, the State Bank of Vietnam said lenders may not offer commercial home loans to [...]
Tags: banks, Central, Central bank, Commercial, Commercial banks, consumer, Consumer Lending, Consumer Loans, higher, homebuyers, interest, Interest rate, investors, Joint stock, Joint stock bank, lending, loans, offer, Offer Loans, property, Property Investors, Property Loans, Stock bank, The central, The central bank, The Rate, To Property Investors
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