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Financials
Insurer Bao Viet targets $45 million annual profit
18:26 | 17/04
Insurer Bao Viet Holdings is targeting a consolidated revenue of over VND 18.9 trillion (US$879 million) this year, including an after-tax profit of VND1.14 trillion ($45 million).
Nam A Bank’s Dividends 2014 Restricted at 4%
The 2014 dividends of Nam A Commercial Joint Stock Bank (Nam A Bank) was restricted at 4% by the State Bank of Vietnam (SBV), local newswire Tri Thuc Tre reported.
16:26 | 17/04
Foreign banks to lend $100 mln to VietinBank
Three foreign banks led by Japan's Bank of Tokyo-Mitsubishi UFJ will provide a $100 million syndicated loan to VietinBank, the largest of Vietnam's banks part-owned by private companies, the Vietnamese bank said on Thursday.
16:12 | 17/04
Nam A Bank Earns VND242 Bln Before-tax Profit in 2014, Targets VND360 Bln in 2015
Nam A Commercial Joint Stock Bank (Nam A Bank) announced to have earned VND242.45 billion before-tax profit in 2013 and aim at VND360 billion in 2015.
16:09 | 17/04
LienVietPostBank lends VND400 billion to property project
LienVietPostBank and Five Star Kim Giang Co. Ltd. inked a credit contract worth VND400 billion on April 14 to back the latter’s property project in Hanoi City.
14:55 | 17/04
Sacombank develops healthcare card
Saigon Thuong Tin Commercial Bank (Sacombank) has teamed up with Mekong Maternity Hospital and FSW Technology Joint Stock Co. to develop a domestic debit card for patients.
14:54 | 17/04
BIDV proposes lowering deposit rate ceiling
The Bank for Investment and Development of Vietnam (BIDV) has proposed the central bank consider lowering the deposit rate ceiling by 0.5 to one percentage point given low inflation.
14:51 | 17/04
Kienlongbank Earns VND234 Bln Pre-tax Profit in 2014, Targets VND388 Bln in 2015
Kien Long Commercial Joint Stock Bank (Kienlongbank) earned VND233.71 billion pre-tax profit in 2014 and aims at VND388 in 2014, said its CEO Vo Van Chau in an interview with local newswire VnExpress.
13:54 | 17/04
Vietnam Gold Falls on April 17 as Global Price Slips Below $1,200
Vietnam’s gold prices dropped on April 17, tracking the global fall.
09:45 | 17/04
State Treasury Sells VND270B of 15-Year G-bonds on Apr 16 at 7.4%/Year
The State Treasury of Vietnam sold VND270 billion out of VND2 trillion worth of 15-year government bonds bid on the Hanoi Stock Exchange on April 16 with a winning coupon of 7.4% per annum, unchanged from April 8’s auction.
09:42 | 17/04
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Other News  
Businesses prefer offshore loans because of low interest rates
Korean bank opens branch in Hai Phong
DongA Bank launches package service for VIP customers
Apr 17: Vietnam Central Bank Sets Official Forex Rate at VND21,458
Gold slips on mixed US data
436,749 life insurance contracts cancelled in 2014
Forex rates need to be adjusted: experts
Vietnam Gold Bounces Back on April 16 amid Global Rebound
BIDV Insurance to Sell 35% Stake to Foreign Investor
Apr 16: Vietnam Central Bank Sets Official Forex Rate at VND21,458; Dollar Mixed at Banks
 
Highlights  
 SOEs operation to be announced publicly
 Prime minister encourages efforts to exceed 2015 growth target
 Vietnam’s public debt on track to unhealthy high levels
 National retail sales rise 11.4% in two months
 SOEs to face sanctions on slow divestment
 
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