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New money transfer service from Korea to Vietnam
Friday,  Dec 19,2014,19:25 (GMT+7)
HCMC – Vietnam National Financial Switching Joint Stock Co. (Banknetvn), in collaboration with its partners, has launched a new service that allows people in South Korea to remit money to Vietnam via various channels, including banks, automated teller machines (ATMs) and Internet banking.
Health of banking system in decline
Tuesday,  Dec 16,2014,18:32 (GMT+7)
HCMC – The health of the local banking system is falling, which is evident in its capital adequacy ratio (CAR) drop.
Greenback rises near upper level
Tuesday,  Dec 16,2014,18:27 (GMT+7)
HCMC – The U.S. dollar was firmer against Vietnam dong on December 15, with many banks quoting the selling price of the greenback close to the allowable ceiling level.
Moody’s upgrades outlook for local banks
Friday,  Dec 12,2014,23:05 (GMT+7)
HCMC – Moody’s Investors Service has revised up its outlook for the Vietnamese banking system to stable from negative thanks to the increased operation stability at local banks and a reduction in liquidity stress in the system.
Banks launch promotions for money transfer services
Thursday,  Dec 11,2014,19:43 (GMT+7)
HCMC – Local banks have put on multiple promotional programs for their money transfer services in the lead up to the traditional Lunar New Year holiday, Vietnamplus reports.
Greenback still firm against local currency
Thursday,  Dec 11,2014,10:42 (GMT+7)
HCMC – Though the central bank has sold a huge amount of foreign currencies to stabilize the market, the exchange rate between Vietnam dong and the greenback remained high on December 10.
ACBS investment in ACB infringes law, say bank leaders
Monday,  Dec 8,2014,22:54 (GMT+7)
HANOI – Asia Commercial Bank (ACB) board members said at an appeals hearing last Friday and at a lower court in June that ACB Securities Co.’s acquisition of ACB shares through investment firm ACI had violated regulations.
Experts say local banks should be more active on social media
Monday,  Dec 8,2014,22:52 (GMT+7)
HCMC – Experts said at the ASEAN Banker Forum in HCMC last week that local banks should take advantage of social media to promote their products and services.
Central bank: Credit growth nears target
Friday,  Dec 5,2014,20:58 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) on December 4 said credit had grown 10.22% in the year to November 27 compared to late last year, compared to this year’s target of 12-14%.
SBV sells foreign currencies to stabilize forex
Thursday,  Dec 4,2014,19:09 (GMT+7)
HCMC – The State Bank of Vietnam (SBV) has sold foreign currencies to ease rising demand and keep the exchange rate between the U.S. dollar and Vietnam dong stable, an official at the central bank said.
HSBC projects stability for local currency
Wednesday,  Dec 3,2014,23:09 (GMT+7)
HCMC - HSBC Bank said in its report on December 2 that Vietnam dong will likely be stable at least for the rest of the year, mainly supported by the steady flows of foreign direct investment (FDI) and a balanced trade account.
SOEs mired in huge financial arrears
Tuesday,  Dec 2,2014,17:32 (GMT+7)
HANOI – The volume of debts collectible and payable among State-owned enterprises (SOEs) is quite substantial, raising doubts about business efficiency of this sector touted as the driving force of the national economy.
State Treasury scales up G-bond issuance target
Friday,  Nov 28,2014,05:31 (GMT+7)
HCMC – The State Treasury for the second time this year has just revised up its plan for Government bond sales, targeting to sell VND262 trillion worth of G-bonds this year, a rise of VND30 trillion against the previous plan.
Greenback remains firm versus Vietnam dong
Tuesday,  Nov 25,2014,20:04 (GMT+7)
HCMC - Despite the central bank’s vow to keep the U.S. dollar-dong exchange rate unchanged, the greenback has remained firm on both official and unofficial markets in the past week.
Banks ready to cash in on rising year-end demand
Monday,  Nov 24,2014,17:34 (GMT+7)
HCMC – Banks in HCMC have set aside a combined VND46 trillion to meet the increasing demand of corporate borrowers for cash to scale up business and production for a year-end shopping spree.
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Giấy phép Báo điện tử số: 321/GP-BTTT, cấp ngày 26/10/2007
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