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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.

President of real estate C.T Group elected as the highest Officer of bank

The National Citizen Commercial Joint Stock Bank (NCB) has announced that it selected three more people for its Board of Director in the term of period from 2015 to 2020 including Nguyen Tien Dung, Tran Kim Chung and Vu Manh Tien.

HDBank plans to sell US$300 million worth stake to foreign investors

Vice president of Ho Chi Minh Development Joint Stock Commercial Bank (HDBank) Nguyen Thi Phuong Thao said that the bank would sell 20 per cent stake worth US$300 million to foreign investors this year.

Ph.D Le Xuan Nghia says this is not the right time to let banks collapse

The problem of bank failure has been debated within the National Assembly, leading to public concern.

Vincom Retail hit historic transaction as foreign investors owned up to 396.6 million shares

On the second day (Nov 07) being traded on the Hochiminh Stock Exchange (HOSE), Vincom Retail’s shares (VRE) hit the record of the stock market with 415 million shares worth nearly VND17 trillion (roughly US$740 million) being purchased.

MB reached pretax profit of US$190 million thanks to double service income

Military Commercial Joint Stock Bank (MB) reported a pretax profit of VND4,002 billion (nearly US$190 million) that increased 43% compared with nine months of 2016.

Foreign invested enterprises hit trade surplus of US$17.6 billion in the first 10 months

The foreign-invested sector’s trade surplus hit US$17.63 billion while Vietnam’s domestic enterprises posted a trade deficit of US$16.40 billion in the first 10 months of this year.

State-owned enterprises amass US$134.6 billion in debt

Many state-owned enterprises recorded trillions-of-dong losses and negative profit.

How do Vietcombank's two overseas subsidiaries in US and Hong Kong operate?

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) now has five subsidiaries, two of which are registered overseas, namely the U.S-based Vietcombank Transfers Company and Hong Kong-based Vietnam Finance Co., Ltd. (Vinafico).

VinaCaptial to invest US$11 million in OCB

The Orient Commercial Joint Stock Bank (OCB) is the second bank to receive investment from VinaCapital Vietnam Opportunity Fund Ltd.

Lending and deposit growth paradox arises as Government pushes decrease in interest rate of loans

The government has just required an additional 0.5 per cent decrease in interest rates of loans to support enterprises as well as stabilize credit growth.