Investor of Phu My Hung residential complex in Ho Chi Minh City has implicitly acquired 99 per cent of a large scale property project covering 405 hectares in Hoa Binh province, around 65 kilometres far from Hanoi.
The Government will not likely grant any more business licenses for banks with 100 per cent foreign capital, according to Deputy Prime Minister Vuong Dinh Hue.
Cash has always been a convenient method of payment for Vietnamese but many people feels at risk when paying by card, particularly they concern about identity theft with online payment transactions.
Investors and homebuyers are enduring several adversities with increase in interest rate of loans due to the fact that banks become more cautious in real estate lending.
MB has just announced a completion of selling 49 per cent stake in its consumer finance arm Mcredit Finance Company to Japan’s Shinsei Bank.
The share prices of banks listed on bourse have risen sharply, having facilitated the divestment of state-owned companies.
The problem of bank failure has been debated within the National Assembly, leading to public concern.
The banking system is expected to further develop this year, as 16 banks have announced plans to increase capital by a total of nearly VNĐ37 trillion (US$1.62 billion).
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
Editor-in-Chief: Nguyen Cao Cuong
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