Vietcombank sells 2.1 billion dollars to SBV; Hanoi eases loan costs for businesses; 1.3 billion USD earmarked for resettlement in power plant; Furniture fair spurs locally made products; Real estate market faces further challenges ahead

VietNamNet Bridge – Two An Binh Bank (ABBank) officials were arrested on Wednesday for lending VND80 billion to the Phuong Nam Foodstuffs Company which accumulated VND1.6 trillion in unsecured loans.

 VietNamNet Bridge – The Government will consider increasing the foreign ownership cap for non-State-owned enterprises, said Minister and chairman of the Government Office Vu Duc Dam.

VietNamNet Bridge – Card holders have got with 17 kinds of fees charged by commercial banks, while the fees have been increasing rapidly.

 Uncontrollable prices on baby formula challenge authorities; New strategies to make waves in housing market; Vietcombank lending rises 2.8% in August; Abbott destroys imported milk in Vietnam

 VietNamNet Bridge – While some banks have obtained high credit growth in recent months, others are still struggling to boost lending to meet this year’s credit growth targets.

 VietNamNet Bridge – The plan on issuing $1 billion worth of international bonds Vietcombank announced one year ago has been left open. There are too many happenings for the bank to rethink its plan.

 VietNamNet Bridge – In this list are the corporations in the fields of oil and gas, power and finance-banking.

 VietNamNet Bridge - The decision to appoint Mr. Nguyen Phuoc Thanh as the deputy governor of the State Bank of Vietnam was announced by the Government yesterday, July 22.

 VietNamNet Bridge – There are embryonic signs of a new interest rate race among commercial banks, which have been trying to raise the deposit interest rates to improve their liquidity

The unlicensed website in Vietnamese language introduced itself as having relations with Liberty Reverse is still providing money remittance services to domestic clients.

 VietNamNet Bridge – The State Bank of Viet Nam denied speculation last week that it was preparing to adjust the exchange rate.

VietNamNet Bridge – Under the Government's newly issued Resolution 02, some small- and medium-sized enterprises no longer qualify for preferential policies, which has left them struggling to pay debts and continue production,

 VietNamNet Bridge – Securities trading last week declined. The VN-Index on the HCM City Stock Exchange lost 1.36 per cent over the previous week, reaching 470.68 points.

 VietNamNet Bridge – Pre-tax profits of Vietcombank and VietinBank, two large banks with majority State ownership, rose slightly in 2012 despite tough challenges facing the banking industry.