The State Bank of Vietnam set the daily reference exchange rate at 23,208 VND per USD on August 27, down 5 VND from the previous day. With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,904 VND/USD and the floor rate, 22,512 VND/USD. The opening […]
]]>Viet Capital Commercial Joint Stock Bank (Viet Capital Bank) (UPCoM: BVB) had just released the documents of the 2020 extraordinary general Meeting of Shareholders, scheduled to be held on August 26 in Ba Ria Vung Tau Province. The Bank submitted a plan to increase its charter capital by more than 906 billion dong in 2020 […]
]]>Sharing at the workshop on “Promoting non-cash payments in businesses” held by Dien dan Doanh nghiep magazine, Le Anh Dung, deputy director of the Payment Department of the State Bank of Vietnam (SBV) said that the central bank’s interbank electronic payment (e-payment) system is operating in a safe, efficient, and smooth operation and has been […]
]]>The 4.0 Industrial Revolution is making a comprehensive change to the way of providing product and services of industries in general and the finance and banking sector in particular. The need to transform to a digital-based business model, accordingly, is an inevitable need, helping banks create a competitive advantage, proactively adapt and develop sustainably. Particularly, […]
]]>Vietnam’s corporate bond market presents a good channel for capital mobilisation, even if still lacking a fully established legal framework and the presence of credit rating agencies. Amid this scenario, HSBC’s recent bond issuance is being deemed by some as simply a public relations stunt. HSBC Vietnam, a subsidiary of HSBC Group, has announced successful […]
]]>The Board of directors of International Commercial Bank (VIB) has just announced a resolution on closing the list of shareholders attending the 2020 annual general meeting (AGM). Accordingly, the last date to close the list to attend the unusual AGMs September 7, 2020. The expected date of the meeting is October 6, 2020 in HCM […]
]]>Although facing difficulties due to the impact of epidemics, most of the companies in the insurance sector have had revenue growth over the past six months. Recognising the business situation in the second half of the year, many businesses believe in the brilliance of the market. Post and Telecommunication Joint Stock Insurance Corporation (PTI) has […]
]]>The State Bank of Vietnam (SBV) had issued Circular No.08/2020/TT-NHNN amending and supplementing Circular No.22/2019/TT-NHNN on prudential ratios and limits in the operations of banks. Accordingly, the time limit for applying the maximum ratio of short-term funds used for medium and long-term loans by commercial banks would be delayed by one year compared to the […]
]]>Professional liability insurance revenue, especially in the construction industry, surged strongly in the first half of this year, thanks to the rise in foreign direct investment (FDI) construction projects and strengthening inspections. The Vietnam Insurance Association’s preliminary statistics showed by the end of June, compulsory liability insurance for construction investment consultants and construction workers jumped […]
]]>The Research centre of Saigon Securities Incorporation (SSI) has released a monetary market report for the week of August 17th 21st. The State Bank of Vietnam (SBV) still did not conduct any transaction on the Open Market Operation (OMO) but continued to purchase a large amount of foreign currency. The liquidity of commercial banks remained […]
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