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PMH's investor borrows $400 million to develop a megaproject in Hoa Binh

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.

New wholly foreign owned banks might cease to emerge

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.

Cashless payment remains inferior despite about 77 million bank cards in circulation

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.

Banks increasingly tighten capital inflows into real estate sector

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.

Military Bank gained US$27 million from selling stake in Mcredit to Japanese bank

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.

State-owned companies divest from banks

The share prices of banks listed on bourse have risen sharply, having facilitated the divestment of state-owned companies.

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.

Banks poised to increase capital by $1.6b

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).

Stock indexes
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Volume: 200,320,722 Value: 4,740.86 (Billions VNĐ)
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53.47 -0.4 -0.75
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Volume: 48,405,980 Value: 1,554.91 (Billions VNĐ)