VPBankS has identified four major commercial banks that meet the criteria for credit limit expansion.
The transaction consideration amounts to approximately $870 million and the deal is expected to be completed in the first half of next year.
This is BIM Land's first offshore bond issue after it borrowed about $140 million from IFC and Credit Suisse in 2019.
Vietnamese developers are seeking new capital sources as banks tighten credit for real estate.
Launching a business accelerator programme at this point in time seems to be the right move for FE Credit as it seeks to reach deeper into remote and far away areas in Vietnam. How talented fintechs can help the consumer finance company elevate further is now explained by Basker Rangachari, Chief Marketing Officer of FE Credit.
BIM Land now get up to $137 million in financing from IFC and Credit Suisse.
Moody's Investors Service has placed the Ba3 local and foreign currency issuer and senior unsecured ratings of the government of Vietnam under review for downgrade, which Vietnam's Ministry of Finance said is not convinced.
The Ho Chi Minh City-based property developer has successfully closed nearly $121 million in fundraising from a group of investors including EXS Capital, ACA Investments, and Credit Suisse AG.
The first live blockchain Letter of Credit (LC) has been facilitated between Vietnam’s Duy Tan Plastics and INEOS Styrolution Korea Ltd., marking the pilot digital transformation for trade finance between the two nations.
Credit growth in the first half of 2019 was slightly higher than the 6.14 percent growth recorded in the first half of 2018, according to the State Bank of Vietnam (SBV).
Moody’s Investors Service has announced B2 long-term local and foreign currency deposit ratings for Saigon - Hanoi Commercial Joint Stock Bank (SHB). The outlook on SHB’s long-term ratings is stable.
Fitch Ratings has withdrawn the ratings on Vingroup JSC.
Fitch Ratings has announced on June 18 its affirmation for Home Credit Vietnam Finance Company Limited’s long-term Issuer Default Rating (IDR) at B+ and short-term IDR at B, with stable outlook.
The digital financial services launched by Be Group come as part of the company’s commitment to round up an ecosystem to support its core business of transport services.
