The United Overseas Bank Limited (UOB) has received preliminary approval from the State Bank of Vietnam to establish a foreign-owned subsidiary bank in the country.
Tag - bank
lundi 27 mars 2017
mercredi 11 janvier 2017
Vietnamese police have arrested seven ex-bankers accused of approving illegal loans that led to $21 million in losses, state media reported Wednesday, the latest scandal to hit the country's financial sector.
mercredi 28 décembre 2016
While Vietnamese banks have prepared solutions to prevent ATM cash shortage during the season of high demand in the upcoming holidays, they admit that plans could go wrong due to such objective reasons as traffic gridlock.
mardi 20 décembre 2016
A leading bitcoin ATM operator EasyBit announced that it has collaborated with Bitcoin Vietnam, the country’s leading bitcoin exchange service, in order to operate EasyBit’s bitcoin ATM machines across Vietnam.
dimanche 11 décembre 2016
Vietnam has arrested five former bank employees for alleged mismanagement, including an ex-managing director and his deputy, the latest executives to be punished in the scandal-hit sector.
mardi 6 décembre 2016
The Vietnamese government is carrying out a project to complete the legal framework for managing and handling digital assets, virtual currency and digital money.
jeudi 9 juin 2016
A Vietnamese bank has revealed that a popular Ho Chi Minh City bus line is among its major bad debtors, with disputes over the company’s financial obligations only solved following legal proceedings.
lundi 11 avril 2016
Vietnam lawmakers approved Le Minh Hung as the governor of the State Bank of Vietnam, a day after he was nominated by Prime Minister Nguyen Xuan Phuc.
dimanche 20 mars 2016
Vietnam is emerging as a technology market of note in Asia. Weeks after U.S. VC firm 500 Startups announced a fund for the country, Vietnam-based fintech company Momo has landed a $28 million investment round from banking giants Standard Chartered (SCB) and Goldman Sachs.
dimanche 14 février 2016
Though there is no sign yet of the price "fever" that periodically marks the Vietnamese property market or a bubble, the market remains a hot topic for analysts and the media.
mardi 2 février 2016
Do cross your fingers if you need to withdraw cash from ATMs today, as most of the machines in Vietnam’s big cities will likely greet you with an error message.
jeudi 17 décembre 2015
Country’s central bank sticking to its target of keeping the exchange rate stable
mercredi 2 décembre 2015
Vietnam’s dong fell toward the weak end of its trading band as seasonal dollar purchases by importers to pay year-end bills coincide with rising global demand for the greenback.
lundi 26 octobre 2015
With a shabby facade, bars on its windows and flanked by a hair salon and a knockoff clothing store, the Vietnam Asset Management Company (VAMC) looks more like a backstreet pawnshop than a much-heralded bad-debt bank.
vendredi 14 août 2015
Vietnam’s central bank looks set to devalue the dong again after busting through its goal of limiting depreciation to 2 percent this year as China’s yuan weakened.
dimanche 12 avril 2015
More and more foreign bankers are flocking to Vietnam, while the existing bankers have been trying to expand their business in the country.
mardi 17 mars 2015
Vietnamese Prime Minister Nguyen Tan Dung has sought foreign investment in the buying of bad debt from local banks, as the country seeks to whittle down bad loans in its banking system.
jeudi 12 février 2015
Leaked documents show that 26 clients associated with Vietnam had a total of US$37.5 million in HSBC's controversial Swiss bank, which has been accused of helping affluent tax-dodgers across the world.
lundi 2 février 2015
Vietnam's central bank said on Monday it will acquire all shares in a small, loss-making unlisted commercial bank based in the Mekong Delta.
jeudi 15 janvier 2015
The latest decision by the State Bank of Vietnam (SBV) will put pressure on Vietnam’s foreign debt payments in 2015, analysts have said.
mercredi 7 janvier 2015
The State Bank of Vietnam devalued the dong by weakening its reference rate for the second time since June, seeking to spur exports and sustain growth.
jeudi 13 novembre 2014
Vietnam’s state asset management company will use its own valuations instead of inflated book values to buy bad debt from banks by the end of next month to accelerate a revamp of the financial system and revive lending.
mercredi 29 octobre 2014
Vietnam will cut a key policy rate to spur lending by banks as the government steps up measures to bolster a struggling economy.
samedi 25 octobre 2014
HANOI — Police in Vietnam have arrested a prominent businessman and one of the country's richest men on suspicion of lending fraud, as authorities step up their crackdown on financial crimes in a bid to clean up the debt-ridden banking sector.
dimanche 28 septembre 2014
The rising numbers of middle-income people and the Trans-Pacific Partnership (TPP) agreement, a hoped-for magnet for foreign direct investment and export driver, will provide opportunities for Bangkok Bank's operations in Vietnam, the bank believes.
vendredi 8 août 2014
Vietnam may change rules to quicken bad-debt sales that have been stalled by a reluctance to accept losses, hampering an economy that risks missing its growth target this year.
jeudi 19 juin 2014
Vietnam’s central bank devalued the dong for the first time in a year to help spur exports and vowed to ensure the stability of the currency as tension rises over a Chinese oil rig in disputed waters.
mercredi 16 avril 2014
A half-dozen shell companies, piles of forged documents, tax dodges, illegal stock trades and 19 bank staff unwittingly complicit in embezzlement on a massive scale.
samedi 12 avril 2014
A proposed Bitcoin exchange could be illegal and faces the threat of official sanctions, but its founder says the digital currency is unstoppable like the Internet was two decades ago.
dimanche 6 avril 2014
On March 24th, Israel’s most reputable exchange entered the booming Vietnamese market.
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