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Banking / Investment in Vietnam

  • Vietnam’s insurance industry set for further expansion

    VIETNAM, 2016/02/14 Rising gain levels and a growing awareness part Vietnamese citizens of the benefits of insurance is on track to steer the industry to double-digit increase in 2016. Vietnam’s plans to further relieve restrictions on foreign investment , at a time at the same time as capital inflows are driving robust GDP expansion, will give the sector a further boost, paving the way for overseas underwriters to raise their profile in this growing market.
  • Exim Bank India credit million to Vietnam

    INDIA, 2013/07/22  Export-Import Bank of India (Exim) has extended an additional line of credit of $ 19.50 million to the Vietnam government for financing two projects. "Exim Bank has, at the behest of Government of India, extended an additional LOC (line of credit) of $ 19.50 million to the Vietnam Government, for financing two projects in Vietnam," an Exim release said here. Exim Bank, till date, has extended three lines of credit (inclunding the new one) to Vietnam valued at $ 91.50 million, it said.
  • Vietnam, RoK sign 1.2 bln USD loan deaL

    SOUTH KOREA, 2012/12/23 The Republic of Korea (RoK) will provide a 1.2 billion USD preferential loan for Vietnam’s development in 2012–2015. An agreement to this effect was signed by Vietnamese Minister of Planning and Investment Bui Quang Vinh and RoK ambassador to Vietnam Ha Chan Ho in Hanoi on December 21.
  • Vietnam's central bank

    VIETNAM, 2012/12/22  Vietnam's central bank will cut its discount rate by percentage point to 7 % and lower the refinance rate to 9 % from 10 % to boost the country's economic increase, it said in a statement. It will as well lower the ceiling on dong lending rates for agriculture, export and supporting industries to 12 % from 13 % and cut the dong deposit ceiling rate for terms ranging from month to below 12 months to 8 % from 9 %, the National Bank of Vietnam said in the statement issued late on Friday. The new rates, the sixth revision this year, will come into effect on Dec. 24.
  • Vietnam's disbursements of foreign investment capital

    VIETNAM, 2012/12/22 Vietnam's disbursements of foreign investment capital could reach a total of roughly US$10.5 billion this year, the Ministry of Planning and Investment estimates. Pledges of new investment were expected to reach roughly US$13 billion. Japan, Singapore and South Korea were currently the country's leading sources of foreign investment, the ministry said. Foreign investment in manufacturing and processing, especially in support industries — a priority in Vietnam's policies to
  • Vietnam Commercial Banking Report Q1 2011

    VIETNAM, 2010/01/18 Weak Credit Increase To Depress Banking Sector Profits We believe credit increase in Vietnam will miss the government's target of 25.0% for 2010 as lending rates remain high at 13.0-14.0% as of July. Intense competition for deposits between commercial banks will as well depress profit margins, further weakening banks' bottom lines in 2011.