BIDV

Update news BIDV

 VietNamNet Bridge – On February 21 Vinh Hoan Fisheries Joint Stock Company (VHC) became the third listed company to offer 100 per cent of its ownership to foreign investors after Government Decree 60/2015/ND-CP took effect.

First Vietnamese bank opens branch in Myanmar

 VietNamNet Bridge - The Bank for Investment and Development of Vietnam (BIDV), along with three other banks from Taiwan, South Korea and India, have been approved by the Government of Myanmar.

Banks to raise capital to meet Basel II standards

 VietNamNet Bridge – Large local banks, which are chosen by the State Bank of Viet Nam (SBV) to apply Basel II governance standards, are trying to increase capital to meet the standards.

Two BIDV board members suspended

 Two board members of the Bank for Investment and Development of Vietnam (BIDV) have been suspended from their posts to facilitate a police probe into their alleged irregularities.

Vietnamese banks could be taken over by regional big banks

VietNamNet Bridge - When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks.

Vietcombank, BIDV, VietinBank: Which bank has the most bad debt?

VietNamNet Bridge - As of September 30, BIDV had taken the lead for bad debt among the three largest State-owned commercial banks of Vietnam, followed by Vietcombank with over VND7,100 billion and VietinBank, with approximately VND4,700 trillion.

Trade with Russia proves tricky for firms

 VietNamNet Bridge – Domestic exporters have missed many business opportunities in Russia because of lack of market information, payment difficulties and high shipping fees, experts have said.

Which bank is the “richest”?

 VietNamNet Bridge - The total assets of the banking system reached nearly $310 billion last year, up 12.2% compared to 2013, State Bank of Vietnam (SBV) has reported.

The positions of three major banks in Vietnam after mergers

 VietNamNet Bridge – How will the position of the three state commercial joint stock banks in Vietnam - Vietinbank, Vietcombank, BIDV - change after their mergers?

M&A activity tipped for another strong year

 VietNamNet Bridge – In an interview late last year with a Wall Street Journal reporter, the State Bank of Vietnam’s Deputy Governor Nguyen Thi Hong said it was encouraging weak banks to voluntarily restructure themselves in 2015

BIDV plans to sell a 25% stake to foreign partners

 VietNamNet Bridge – The Bank for Investment and Development of Vietnam (BIDV) plans to sell a 15% stake to a foreign strategic partner and 10% to a foreign financial investor this year.

BUSINESS IN BRIEF 16/1

Vietnamese bank invests in five-star hotel in Laos;  HCMC agricultural restructuring brings many successes; Power group continues proposing power price increase; VN moves to improve ship standards; WB keeps Vietnam’s GDP growth at 5.6 percent in 2015

BUSINESS IN BRIEF 11/12

BIDV loans $35m to VSIP Quang Ngai; Ha Noi Stock Exchange to launch new bond products; Import duties on steel to be cut; Investors eye Vietnam wind energy projects; Seafood exporters antsy to make inroads into Russia

Tam Dao 05 oil rig to work in deep waters with large tilt

 VietNamNet Bridge – Vietnamese scientists and engineers have been concentrating their power on the Tam Dao 05 jack-up, a big mechanical work which has an important significance in Vietnam’s science and technology history.

BUSINESS IN BRIEF 25/11

US imposes tariffs on Vietnamese steel nails; Property market on road to recovery; Vietnamese bank increases support for businesses in Russia; Revised Investment Law to help lure more FDI: experts; Ministry amends decision after trademark lawsuit

BUSINESS IN BRIEF 20/10

 DLG teams up with German group for power supply; Gov’t backs rice branding project; BIDV inks deals with Japanese banks; HCM City seeks special mechanism to finance metro projects; Agri-aqua-forestry exports could reach US$30 bil.

Vietnamese bank not licensed in Myanmar

VietNamNet Bridge – The Central Bank of Myanmar has announced the names of nine foreign banks that were licensed in the first phase in this country, without any representatives of Vietnam.

BUSINESS IN BRIEF 28/9

 Vietnam, Japan unveil plan to develop four key industries; Standard Charter Private Equity expands its portfolio to Vietnam; VAMC buys VND60 trillion bad debts; State receives $30.8b from developing bond market

BUSINESS IN BRIEF 20/8

 Foreign funds reap gains of buying domestic stocks; Hanoi to host TPP talks in September; Brokers undeterred by August fears; Australian cattle export to Vietnam up 9,000 pct; Local livestock industry faces import pressure

Cable system to Fansipan Mountain operational ahead schedule

VietNamNet Bridge – The cable car system to Fansipan peak, dubbed the Roof of Indochina, will be put into operation on the occasion of the 40th anniversary of the country’s re-unification (April 30) next year, four months ahead of schedule.