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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.

MoF deposited US$2.48 billion in Vietcombank

Customer deposits in the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) increased by 16.6 per cent in the first nine months of 2017.

“Zero dong” banks continue to suffer losses

Two years after being purchased at the price of VND0 by the State Bank of Vietnam, three banks namely Ocean Commercial Joint Stock Bank (Ocean Bank), Construction Bank (CB Bank) and Global Petroleum Commercial Joint Stock Bank (PGBank) continue to suffer great losses and negative equity.

Kienlongbank issues report highlighting its investment porfolio of US$23 million in Sacombank

Kien Long Commercial Joint-Stock Bank (Kienlongbank) has issued a report stating the invested VND521 billion (roughly US$23 million) in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) from mid-2013 through the end of September 2017.

Several stock investors report losses even as markets hit new highs

The thought that investors earned large profit from sharply rising VN-Index since the beginning of the year is not sure.

NCB seizes 9,096 sqm of land from Tan Tao Industrial Park

9,096 sqm of land that Viet - Nga SG Co., Ltd used as the collateral for loans has been seized by the lender, National Citizen Bank (NCB).

GIC Pte and Franklin Templeton Investments disclosed to purchase about US$382 million worth stocks of Vincom Retail at its IPO

Vincom Retail, the shopping mall subsidiary of Vingroup, launched Vietnam’s largest-ever initial public offering (IPO) in a deal worth up to US$713 million.

Intensifying loans to achieve credit growth target of 21 per cent

As usual, the banking system intensifies the capital injection in last three months of the year to reach its credit growth target.

Vietnam's foreign exchange reserves reached US$45 billion

Compared to 2016 end-of-year statistics, Vietnam’s foreign exchange reserves have increased by US$6 billion.

Unicap valued FLC Group at US$9 billion

12 individuals have acquired the Unicap Investment and Finance Company and elected FLC Group-related individuals to lead the Company.

VNDirect surpassed Viet Capital Securities on HOSE

VNDirect surpassed Viet Capital Securities (VCSC) on HOSE to rank the 3rd brokerage agency by market share in third quarter of 2017.