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Petrolimex pushes for PGBank-HDBank merger before Aug 31
Petrolimex, which holds a 40% stake in the Petrolimex Group Commercial Bank (PGBank), sought to complete the merger between PGBank and the HCMC Development Bank before August 31, said the Vnexpress website.
National Futsal HDBank Championships to kick off on June 1
The National Futsal HDBank Championships 2020 is scheduled to begin on June 1 in the central province of Khanh Hoa.
HDBank opens representative office in Myanmar
HCMC Development Commercial Bank, or HDBank, on December 18 opened a representative office in Myanmar and signed a comprehensive cooperation agreement with Viettel Global Investment JSC.
PGBank, HDBank merger could finish in June 2020
PGBank was previously planned to partner with Vietinbank, but the deal fell through in late April 2018.
Vietnamese banks ranked among 500 strongest in region
The Asian Banker continues to honour the 500 strongest banks in the Asia-Pacific in 2019 with some familiar names from Vietnam.
Local banks need to build on 1H results
Local banks posted notable results in the first half but a good second half is not a given.
Bad debt handling to be audited
The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).
Foreign investors flock to limited-availability bank stocks
In 2017, Vietnamese banks have regained their appeal to foreign investors, after a long period of restructuring.
BUSINESS IN BRIEF 1/8
HDBank, Senshu Ikeda ink deal, Vietnam exports mangoes to Australia, New firms surge in first seven months, Foreign investors spend nearly US$3 billion on buying corporate shares, Singapore and Vietnam promote investment ties
Truong Son knocks out Quang Liem in the game between VN’s top chessmen
VietNamNet Bridge - In the match between the two leading players of Vietnam, Nguyen Ngoc Truong Son unexpectedly defeated Vietnam’s No. 1 player, International Super Grandmasters Le Quang Liem after 63 moves.
Quang Liem drops to second at HCMC int’l chess tournament
VietNamNet Bridge – On March 12, Le Quang Liem got a win and a draw when holding the black pawns in the games against Zhang Zhong of Singapore and Duc Hoa of Vietnam.
BUSINESS IN BRIEF 13/6
Firms voice support for raising woodchip export tax; Exported apparel unit prices down; Credit fund converted into bank; Firms switch to rail freight transport;
Retailers lose ground against foreign rivals
VietNamNet Bridge – In July 2011 E-Mart, South Korea's top discount store chain, signed an agreement with Viet Nam's U&I Investment Corporation to form a distribution joint venture in the country.
Banks turn backs on property, shares to focus on key areas
Commercial banks have continued to pump capital into key sectors in an attempt to stimulate the economy, but they have also limited the provision of credit to real estate and securities areas,
