Eximbank under fire after string of embezzlement

Eximbank under fire after string of embezzlement

The lawyer of six customers from whom an Eximbank officer stole VND48 billion ($2.1 million) asked for repayment in full before the case goes on trial in April.
Shares up on bank, property stocks

Shares up on bank, property stocks

Shares continued to rise on Wednesday morning largely on the strength of a handful of banking and real estate blue chips.
VIB setting the bar high for 2018

VIB setting the bar high for 2018

VIB officially announced the 2018 targets and made proposals to pay dividend and conduct its ESOP, as well as raise charter capital.
Foreign banks’ withdrawal no cause for concern

Foreign banks’ withdrawal no cause for concern

The trend of foreign financial institutions withdrawing capital from their Vietnamese joint ventures has raised questions about the country’s state of financial stability, but experts claim the situation is no cause for alarm.
Govt seeks more non-cash payments for public services

Govt seeks more non-cash payments for public services

The Government has set itself a target of collecting 80 percent of tax payments in cities through banks and enabling treasuries in all provinces and cities to have cashless payment systems by 2020.
Asian markets end mostly up, eyes turn to US inflation

Asian markets end mostly up, eyes turn to US inflation

Asian markets mostly rose but investors moved cautiously on Tuesday (Mar 13) as the recent global rally lost steam, while trade tensions returned and markets look ahead to the release of crucial US inflation data.
Market value of Gov’t-bonds hits $44 billion

Market value of Gov’t-bonds hits $44 billion

Market value of Government bonds (G-bonds) hit VNĐ1 quadrillion (US$44 billion) at the end of February, equivalent to 20 per cent of Việt Nam’s gross domestic product (GDP) in 2017.
Lotte Card wholly acquires Techcom Finance

Lotte Card wholly acquires Techcom Finance

Lotte Card signed the purchase contract to fully acquire Techcom Finance from Techcombank to become the first South Korean credit card company to enter Vietnam.
Nasdaq ends at record high, Dow falls on trade war worries

Nasdaq ends at record high, Dow falls on trade war worries

The Nasdaq finished at another record high on Monday (Mar 12), but the Dow tumbled as revived worries of a trade war led to heavy selling in shares of several leading multinationals.
Vietnam reclaims crown of "Asia's best performing stock market"

Vietnam reclaims crown of "Asia's best performing stock market"

In the first two months of 2018, the Vietnamese stock market was one of the fastest growing markets in the world, followed by Brazil, Russia, and Argentine.
Techcombank to receive $370-million investment from Warburg Pincus

Techcombank to receive $370-million investment from Warburg Pincus

Techcombank announced today that global private equity firm Warburg Pincus will invest over $370 million into the bank, subject to local regulatory approval.
VN-Index expected to continue struggling

VN-Index expected to continue struggling

Việt Nam’s benchmark VN-Index is forecast to struggle due to uncertain market sentiment this week, with eyes on the two exchange-traded funds (ETFs) set to finish reviewing their portfolios on March 16.
Exchange rates rise, credit stationary

Exchange rates rise, credit stationary

Exchange rates for both the central bank and other commercial banks rose slightly in February, while the credit sector showed little significant change, said the National Financial Supervisory Commission (NFSC).
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