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Financials
NICE Group aids TPBank in credit rating
16:10 | 18/12
South Korea’s NICE Group has clinched a cooperation agreement with Tien Phong Bank (TPBank) to assist in setting up an internal credit rating system called Credit Plus+.
Greenback rises near upper level
The U.S. dollar was firmer against Vietnam dong on December 15, with many banks quoting the selling price of the greenback close to the allowable ceiling level.
15:43 | 17/12
Eleven outstanding banks of standard international payment honoured
Citi, a leading foreign bank in Vietnam, held an award ceremony on December 11 to present the Straight Through Processing Award 2014 (STP Award) to 11 banks operating in Vietnam
16:29 | 15/12
SBV imposes penalties for empty ATMs
The State Bank of Vietnam (SBV) will begin imposing penalties of VND10-15 million on banks with ATM machines that run out of money or are taken out of service without a 24-hour warning.
14:37 | 12/12
Greenback still firm against local currency
Though the central bank has sold a huge amount of foreign currencies to stabilize the market, the exchange rate between Vietnam dong and the greenback remained high on December 10.
14:35 | 12/12
Banks launch promotions for money transfer services
Local banks have put on multiple promotional programs for their money transfer services in the lead up to the traditional Lunar New Year holiday, Vietnamplus reports.
14:32 | 12/12
Prosecutors want former banker’s sentence upheld
Prosecutors proposed upholding a 30-year sentence against Nguyen Duc Kien, former vice chairman of Asia Commercial Bank (ACB), at an appeals hearing on December 8, although Kien had submitted more documents to prove his innocence.
15:57 | 10/12
Manulife, MHB clinch bancassurance deal
Manulife Vietnam has struck a three-year bancassurance partnership agreement with Mekong Housing Bank (MHB) to boost the sale of its life insurance products to the bank’s clients in HCMC and Hanoi.
15:54 | 10/12
ACBS investment in ACB infringes law, say bank leaders
Asia Commercial Bank (ACB) board members said at an appeals hearing last Friday and at a lower court in June that ACB Securities Co.’s acquisition of ACB shares through investment firm ACI had violated regulations.
16:22 | 09/12
BIDV provides US$35 million to VSIP Quang Ngai
The Bank for Investment and Development of Vietnam (BIDV) and the Vietnam–Singapore Industrial Park (VSIP) Joint-venture Co. Ltd. signed a joint document on December 8 to provide US$35 million for projects developing VSIP urban facilities and service
15:35 | 09/12
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Other News  
Access to VND30-trillion loan package still complicated
Central bank: Credit growth nears target
Japan’s bank helps drive investment in Vietnam
Overseas remittances to hit US$12 billion in 2014
Dai-ichi Life offers special bonus to policyholders
State Treasury scales up G-bond issuance target
Banks ready to cash in on rising year-end demand
Mobile banking transactions surge
Greenback remains firm versus Vietnam dong
C.bank governor’s words ease forex market
 
Highlights  
Ministry keeps price controls on milk for children
CBRE: Office rents remain stable until Q1
PM approves Licogi’s equitization plan
New driving force for SOE restructuring
VAMC seeks approval for bad debt auction center
 
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