Vietnam Financial News
Credit Market Growth Brings Uneasy Feeling
Vo Thi Sanh, vice head of BIDVs Treasury Department, called this development "a distortion" of the credit market. "Corporate borrowers are en masse shifting to borrow in dollars rather than Vietnamese dong for lower rates.
State Treasury Raises VND1Trl From Bonds
The winning coupon rate was posted at 11.05 percent per year with total wining value reached one trillion dong. The five-year bonds have face value of 100,000 dong per bond will be officially issued on June 15, 2010. The bonds maturity date would be June 1, 2015.
Vietnam Airlines revenue may rise 31 percent this year
The carrier on Thursday joined the Skyteam Alliance, whose members include OAO Aeroflot, Air France-KLM Group, China Southern Airlines Co., to enlarge its network of destinations and cut operating costs. Vietnam Airlines expects to carry 12 million passengers this year, up 28 percent from 9.35 million in 2009, according to
Vietnam hardly affected by euro depreciation
The euro/dong exchange rate was at 22,822-23,090 dong/euro late last week. The euro has lost its value by 400 dong from May and 4000 dong per euro in comparison with the beginning of 2010
Bankers say they need more time to ease interest rates
According to Duong Thu Huong, Secretary General of the Vietnam Banking Association (VNBA), a survey conducted by the association showed interest rates have decreased further since the beginning of June.
AIA Vietnam Reinforce Its Position in Vietnam
Jamie Rains, general director of AIA Vietnam, said the new office will facilitate the insurer to expand its business and improve the service quality, meeting the soaring demand of domestic customers.
Vietnam Public Debt at Safe Level
Vietnamese officials said the countrys public borrowings totaled some 44.7% of its GDP last year, lower than the safe level of 50% set by the government and advised by the World Bank.
Two Vietnamese Banks Granted Excellent International Payment Awards
The award is based on the Straight Through Processing (STP) rate assigned for accuracy in electronic transfers, which must be at least 90 percent. In 2009, the whole system of VIB carried out nearly 49,000 electronic international transfers, all of which were processed safely with the vast majority meeting standards.
Vietnam to Host 44th ADB Annual Meeting
The event is expected to draw around 5,000 delegates from 67 countries and territories, international organisations, multilateral financial institutions and non-governmental organisations as well as academics and entrepreneurs from around the world.
The reduced lending rate would be applied on loans of over 500 million dong (or converted from gold and US dollar) that were disbursed from May 20 to June 30, 2010. The applying time lasts from the disbursement date till December 31, 2010.
Popular Vietnam Business News
TINCOM company invest in coal production to export to Australia
Vietnam is still boosting coal exports while it is forecast to have to import coal beginning in 2013, and it has not yet reached any agreements for coal imports. TINCOM,
A Vietnamese man with 18 years sleeplessness
Dinh Sy Cang, 46, of Ha Tinh province, has not slept for 18 years, but his health is very good. Cang began having trouble sleeping when his wife, Nhung, gave
International fashion brands mark Vietnam
In late April 2010, Vincom trade centre, located at the corner of Dong Khoi and Le Thanh Ton streets in central HCM City, made its debut. The trade centre has
Gold prices down below VND28 million/tael
After rising continuously and hitting a record high of VND28 million/tael, the domestic price of gold began to slide back on May 18. SJC gold in Ho Chi Minh City
German businesses monitor Vietnams market
Asia has become a successful business story and more overseas investors want to invest in China and Vietnam, said Holger Benthien, Deputy Head of the German Business Association (GBA) in
Vietnams exports in May up 14.4 percent
During the period from January to May, Vietnam earned nearly $25.83 billion from exports, growing by 12.6 percent year-on-year and spent total $31.2 billion on imports.
HCM City tackles online game addiction
HCM City plans to develop "wholesome playing fields" for students to help treat them for online game addiction."There is one thing that has had a big influence on students personalities
Vietnam Banks hope to see profit increasing in last months of year
Lending remains the main source of income for banks, since bank services have not developed well enough. Meanwhile, bankers said income from lending has decreased, which explains why banks profit
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