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

 VietNamNet Bridge – National carrier Vietnam Airlines (VNA) will officially start operations, following the model of an equitisation company, from April 1 this year.

 VietNamNet Bridge – Vietinbank and Vietcombank, assessed at $197 million and $157 million, respectively, are among the top 500 banking brands worldwide, Brand Finance announced yesterday.

VietNamNet Bridge – Four state-owned commercial banks are considered the big guys in the banking sector, but there is no Number 1 bank.

The State Bank of Vietnam (SBV) has decided to buy the Vietnam Construction Bank (VNCB) at zero dong per share. This is the first time in history the central bank has bought shares of a commercial bank.

 Domestic demand for U.S. apples drops; JICA provides additional JPY36.4 billion to improve power supply; Export turnover hits nearly 13 bln USD in January; Vietnam trade deficit swells in January

 VietNamNet Bridge – While banks outdid each other in revealing their 2014 profit figures, they seem rather reserved in their 2015 profit outlook, Vneconomy newswire revealed.

 The State Bank of Viet Nam (SBV) wants Vietinbank and Vietcombank to become the leading banks of Viet Nam, and boost their scale at the regional level.

 Retailers face foreign competition; Firms urged to prepare for AEC; VN Steel Corp to withdraw from non-core sectors; Rubber industry faces falling prices; SBV looks set to resolve weak banks in 2015

 Vietcombank is set to merge with Saigonbank as part of a general banking restructuring process, said Nguyen Van Binh, the Governor of the State Bank of Viet Nam (SBV).

 New road project proposed to ease HCM City congestion; Manufacturing sector enjoys strong growth; New FDI approvals in 2014 double in HCMC; Mekong Delta’s rice output increases six times; Vietcombank posts impressive results by reducing NPLs

Vietcombank, one of five Vietnamese largest commercial banks has announced it will acquire another credit institution. Sources say the “other credit institution” could be Saigon Bank.

CBU imports hit US$1.57 billion; Vietcombank mulls merger with other bank; Cashew sector still relies on material imports; Exports to Russia seen declining as ruble falls; Business development policies to be prioritised in 2015

 VietNamNet Bridge – Domestic commercial banks have shown greater interest in funding airlines’ aircraft purchase deals as they can see attractive business opportunities as airline partners.

 VietNamNet Bridge – New faces have appeared holding the key positions at state-owned banks and at banks in which the State holds a  controlling stake.

Authorities mitigate impact of falling oil price to State budget; EU supports enforcing Competition Law; Tra fish exporters adapt to tougher markets; Vietsovpetro fulfils yearly plan; PM approves Licogi’s equitization plan

Buyback plan boosts ACB share prices; Northern bourse to collaborate with Vinalines; Mutual Fund gets major Mobile World stake; No ASEAN goods surge with tariff cuts; First Vietnamese shrimp farm meets sustainability standards

Vietcombank has sold the debt owed to it by the Vietnam National Shipping Lines (Vinalines), which is undergoing a mandated restructuring process as requested by the government.

 VietNamNet Bridge – Vietcombank has become the first credit institution in the country to sell a US$19-million debt of Vietnam National Shipping Lines, or Vinalines, to Vietnam Debt and Asset Trading Corporation.

 VietNamNet Bridge - Mr. Nghiem Xuan Thanh has become the Chair of the Board of Directors of the Bank for Foreign Trade of Vietnam (Vietcombank), while Mr. Pham Quang Dung has been appointed the General Director from November 1.