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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.

Fintech Challenge Viet Nam to catalyze financial inclusion

The first-ever Fintech Challenge Viet Nam was officially launched today at the State Bank of Viet Nam (SBV) with the support of the Mekong Business Initiative, a program funded by the Government of Australia and the Asian Development Bank (ADB) and sponsored by the Viet Nam Bankers Association and the Viet Nam Fintech Club.

HDBank expects to sell 20 per cent stake worth US$300 million to foreign investors in its IPO

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) expects to sell shares worth US$300 million to foreign investors in its the initial public offering (IPO) this month.

Leaders of banks are not allowed to chair other businesses

According to the National Assembly’s Economic Committee, many bank chairpersons are also leading other corporations, posing detrimental impacts on the operation and security of the banking system.

Vietcombank attained US$15 million from divestment

JSC Bank for Foreign Trade of Vietnam (Vietcombank) has successfully divested its shares from the Saigon Bank For Industry and Trade (Saigonbank) and the Cement Finance Company (CFC) with the total amount of more than VND342 billion (roughly US$15.096 million).

The tip of the iceberg 'securities lending'

State Bank Governor Le Minh Hung said that securities loans amount to VND10 trillion (US$441 million), adding “The proportion of securities lending is very low compared to the total credit loan, a sharp year-on-year decrease.”

Techcombank to sell nearly 17 million shares to an individual

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will attain VND510 billion (roughly US$22.5 million) after selling nearly 17 million shares to an individual.

The billion-dollar financial market for women-owned enterprised is still forgotten

Rubin Japhta, Senior Operations Officer on Banking on Women/ SME (Small and Medium Enterprise) Banking of International Finance Corporation (IFC) sai that the financing gap is estimated at US$1.19 billion for women-owned SMEs.

Vietnam tops the world in market capitalization

Vietnam is leading the world regarding market capitalization growth in the period 2016-2017 at the rate of 61 per cent, according to Credit Suisse's Global Wealth Report 2017 just released.

Truong Hai Automobile company increased its charter capital by more than US$548 million

Truong Hai Automobile Company has decided to increase its chartered capital by four times from current amount of VND4,145 billion (US$182 million) to serve for business activities in the coming years.

Vietnam Azalea Fund completed full divestment from Traphaco JSC attaining US$64.5 million

Mekong Capital just announced that the Vietnam Azalea Fund (VAF) successfully divested its 24.99 per cent stake in Traphaco JSC at VND141,500 (US$8.22) per share.