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Substantial remittances to Vietnam in 2017 set new record in Global Top 10

Substantial remittances to Vietnam in 2017 set new record in Global Top 10

According to the World Bank, remittances to Vietnam in 2017 are estimated at a record high of US$13.81 billion, increasing by US$1.9 billion, equivalent to 16% over 2016.

HDBank plans to list on bourse on Jan 5 at a reference price of US$1.46 per share

HDBank, formally known as Ho Chi Minh City Development Joint Stock Commercial Bank, plans to list its shares on the Ho Chi Minh Stock Exchange (HOSE) on January 5 at a reference price of VND33,000 (US$1.46) per share.

Vietnam's GDP in 2017 breaks the target to reach 6.81 per cent, the highest rate since 2011

The gross domestic product (GDP) in 2017 is estimated to increase to 6.81 per cent, exceeding the target of 6.7 per cent and the highest rate since 2011, according to General Statistics Office of Vietnam (GSO).

VNPT sells loss-making financial company

Poor results have led to parent company VNPT’s decision to hold an auction for the Post and Telecommunication Finance Company limited (PTF) on February 1, 2018, with the starting price of VND500 billion (roughly US$22.05 million).

Foreign investors spent US$300 million buying HDBank’s stake

HDBank shares will be listed on the Hochiminh Stock Exchange (HOSE) in early 2018.

VNPT to sell 71.5 million Maritime Bank shares at US$0.52 each

Vietnam Posts and Telecommunications Group (VNPT) has registered to auction more than 71.5 million shares of Maritime Commercial Joint Stock Bank (Maritime Bank) in a single-batch sale on Hanoi Stock Exchange (HNX) by January 18, 2018.

US$4 billion loan ready for Sabeco investors to attend its auction

The auction for Sabeco's share will take place on December 18th.

Vietcombank to sell nearly 19 million shares of OCB at US$0.57 each

With the initial offer price of VND13,000 (US$0.57) each, Vietcombank may earn VND246 billion (US$10.8 million) from the sale of around 19 million shares of Orient Commercial Joint Stock Bank (OCB).

FLC Faros shareholders pay a price for its liquidity

The brokerage fee that Faros shareholders have paid since the listing was estimated at VND332 billion (about US$14.6 million).

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.

Fifteen Vietnamese banks named in the Asia Pacific’s strongest banks

Fifteen Vietnamese banks have been listed among The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.