Bank customer scammed out of $23,800 by hacker
A Vietcombank customer lost VND500 million (US$23,800) after someone hacked into her bank account and withdrew money from an ATM in the course of just one night.
View ArticleForeign coffee, fast food retreat from Viet Nam
The Vietnamese coffee market is considered very promising estimated to grow at 15 per cent through 2020. The question now is if Vietnamese chains can grab the opportunities created by the withdrawal of...
View ArticleProvinces, cities issue municipal bonds to fund projects
On August 26, the southern province of Ba Ria-Vung Tau issued for the first time municipal bonds worth VND500 billion (US$4.44 million) to raise capital for infrastructure projects.
View ArticleEconomy awash with cash as banks up liquidity
The National Financial Supervisory Committee has said that in the year-to-date the financial system has ensured that money supply is adequate thanks to the banking sector's plentiful liquidity.
View ArticleBanking investment, no longer one-way flow
Recently the State Bank of Viet Nam (SBV) issued a licence to Malasyia's second largest lender, CIMB Bank Berhad, to establish a bank in Viet Nam with a registered capital of over VND3.2 trillion...
View ArticleVN foreign currency reserves at record high
So far this year the State Bank of Viet Nam has bought over US$10 billion in foreign exchange, increasing the country's reserves to a record high of more than $40 billion.
View ArticleBanks not planning loan interest rate hike
The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to...
View ArticleSBV warns banks off lending to property sector
Recently the State Bank of Viet Nam (SBV) told credit institutions to restrict loans to real estate projects to reduce risks and credit concentration in a single sector.
View ArticleInvestors remain indifferent as gold keeps sliding
The precious metal is expected to continue falling after the US announced the economy recovered significantly and its unemployment rates were kept stable for several months.
View ArticleState firms equitise, but delay going public
After postponing it for several years, Sai Gon Alcohol, Beer and Beverage Corporation (Sabeco) is finally likely to go public this year following the Government's urgent call to divest shares in large...
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