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Southeast Asia Joint Stock Commercial Bank purchases Post and Telecommunication Finance Company

The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.

VAMC assigned to deal with US$6.1-billion bad debts in 2018

The amount of bad debt that the Vietnam Asset Management Company (VAMC) has to deal with this year accounts for nearly half of the total bad debts VAMC has bought from banks.

OceanBank completed phase one of negotiation process with foreign partners

The information was given during the working session of Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, with Ocean Commercial Joint Stock Bank (OceanBank).

Commercial banks apply an interest rate of five percent on subsidized loans for home purchasers in early 2018

The interest rate of 5 per cent p.a. is applicable by commercial banks in 2018 on subsidized loans outstanding for home purchasers from January 01, 2018, a move aimed at enabling favorable policies to connect lenders and borrowers in housing sector.

Proposal to eliminate business license in making gold jewelry and crafts

The State Bank of Vietnam (SBV) is collecting comments for a draft amendment to Decree No. 24/2012/NĐ-CP on gold trading management and the proposed elimination of business condition in making gold jewelry and crafts has become the prominent content.