Latest News for: Hanoi banking

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Many banks report handsome profits in Jan-Sept

The Saigon Times 18 Oct 2021
HCMC – Many local banks have released their business results in the January-September period of this year, with many of them reporting high profits. Specifically, the Saigon-Hanoi Commercial Bank (SHB) recorded a pretax profit of nearly VND5.1 trillion in the nine-month period, surging 93.9% year-on-year and meeting 86% of the target for this year.
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Bike lanes to the future

Manila Bulletin 30 Sep 2021
NIGHT OWL. Anna Mae Lamentillo ... In 2011, the Asian Development Bank examined walkability and pedestrian facilities in Asian cities. It showed that in Manila, like in Hanoi, a sizeable number of the trips could be made by foot and bicycle because the average distance traveled per trip was low ... Bicycle lanes in PH will now be mandatory ... .
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ADB lowers Vietnam's economic growth forecast to 3.8 pct in 2021

China.dot.org 22 Sep 2021
HANOI, Sept. 22 (Xinhua) -- The Asian Development Bank (ADB) has adjusted down its forecast of Vietnam's gross domestic product (GDP) growth in 2021 to 3.8 percent from the previous estimate of 5.8 ...
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Xinhua Asia-Pacific news summary at 1000 GMT, Sept. 22

China.dot.org 22 Sep 2021
HANOI -- The Asian Development Bank (ADB) has adjusted down its forecast of Vietnam's gross domestic product (GDP) growth in 2021 to 3.8 percent from the previous estimate of 5.8 percent in July ... its agricultural value chains, the bank said in a report released on Wednesday.
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VN-Index inches up slightly

The Saigon Times 31 Aug 2021
HCMC – While bank stocks were the major drags on the HCMC bourse today, August 31, the gains of small and medium real estate stocks and some blue-chips drove the VN-Index up slightly ... On the other hand, bank stocks pushed the market down ... Besides bank stocks, securities stocks put pressure on the market as only VDS advanced a slight 0.2%.
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MB cuts interest rates by VND1 trillion to support customers affected by Covid

The Saigon Times 28 Aug 2021
HANOI – The Military Commercial Joint Stock Bank (MB) is expected to cut interest rates worth VND1 trillion for customers affected by the Covid-19 pandemic in the last five months of the year, said an MB representative ... With the new products and services, the bank has adjusted down interest rates for individual and corporate customers.
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Seven local banks to issue domestic chip credit cards

The Saigon Times 28 Aug 2021
HANOI – Seven local banks and the National Payment Corporation of Vietnam, or Napas, on January 25 jointly held a ceremony to launch domestic chip credit cards following the State Bank of Vietnam’s direction to promote cashless payments and fight black credit. The seven banks ...
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Bank Of Ayudhya Expands Beyond Thailand With $157-Million Deal To Buy Vietnam’s SHB Finance

Forbes 26 Aug 2021
Thailand’s Bank of Ayudhya said it has agreed to buy Hanoi-based SHB Finance from Saigon-Hanoi Commercial Joint Stock Bank for $157 million, as the fifth-biggest lender by assets in Thailand continues to seek growth in the ASEAN market ... .
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Kamala Harris heads to China’s backyard in US diplomacy reboot

Finger Lakes Times 20 Aug 2021
In Hanoi, she will launch the U.S ... Treasury Department and Vietnam’s central bank in July reached an accord under which Hanoi’s government will allow more flexibility in its currency, easing a dispute in which the U.S ... Doanh, a Hanoi-based economist and former government adviser.
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Kamala Harris Heads to Singapore and Vietnam in Diplomacy Reboot

Caixin Online 20 Aug 2021
In Hanoi, she will launch the U.S ... Treasury Department and Vietnam’s central bank in July reached an accord under which Hanoi’s government will allow more flexibility in its currency, easing a dispute in which the U.S ... Doanh, a Hanoi-based economist and former government adviser.
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Price of resuming talks with North Korea

Korea Times 19 Aug 2021
While those concessions were not spelled out at the time, they likely included some of the sanctions relief that Pyongyang sought during the breakdown of talks in Hanoi ... sanctions were strengthened beginning in 2016, the Bank of Korea estimated that North Korea's economy contracted by 3.5 percent in 2017 and an additional 4.1 percent in 2018.
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VN-Index extends winning streak

The Saigon Times 05 Aug 2021
HCMC – The selling pressure eased, while the demand for stocks, especially bank stocks, improved today, August 5, sending the VN-Index of the Hochiminh Stock Exchange up for the ninth consecutive session ... In the group of bank stocks, only BID fell a slight 0.1%, while the remaining gained.
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Loans to Southeast Asia fall by NT$9.76bn: FSC

Taipei Times 29 Jul 2021
Banks have 54 units in Cambodia, 17 in the Philippines and 15 in Myanmar, he said. The FSC has approved seven banks to set up new branches in Vietnam, while most of them intended to open units in the capital, Hanoi, but have not yet received permission from Vietnamese regulators, Lin said.
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ADB downgrades Vietnam's economic growth forecast to 5.8 pct in 2021

Beijing News 20 Jul 2021
HANOI, July 20 (Xinhua) -- The Asian Development Bank (ADB) has lowered its forecast of Vietnam's gross domestic product (GDP) growth to 5.8 percent in 2021 from the previous estimate of 6.7 percent in April, citing ...
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Local stocks start new week in bearish mood

The Saigon Times 19 Jul 2021
Among bank and securities stocks, many of them encountered losses such as the lenders CTG, LPB, TPB or the brokerage stocks AGR, APG, CTS ... Meanwhile, pharmaceutical stock DBT hit its upper limit at 6.91% ... Apart from bank stocks and bluechips facing heavy losses, securities stocks on the Hanoi market such as APS, ART, PSI were big losers. .
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