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Financials
Insurance firms drag their feet on way to stock listing
15:39 | 03/06
In order to increase transparency and create a healthier business environment within the insurance sector, the Ministry of Finance has proposed that all public non-insurance companies be listed on the stock exchange.
Agribank Raises Deposit Rates
Vietnam Bank for Agriculture and Rural Development (Agribank) since June 2, 2015 raised long-term VND deposit rates by 0.3-0.5% p.a, local newswire Bao dau tu reported.
15:03 | 03/06
Vietnam central bank tightens rules on lending, ownership to curb fraud
Vietnam's central bank will tighten lending from mid July to individuals or institutions that exceed its bank share ownership limits as part of a push to shake up financial firms and tackle the fraud that has blighted its banking sector.
13:37 | 03/06
Govt cuts loan rates to support needy people
Prime Minister Nguyen Tan Dung has signed a decision to lower lending rates for needy households, policy beneficiaries, and students seeking loans at Viet Nam Bank for Social Policies (VBSP).
11:33 | 03/06
Military Insurance Appoints New CEO and Chairman
Nguyen Quang Hien was appointed as Chief Executive Officer (CEO) of Military Insurance Corporation (MIC) and left his Chairman position to Uong Dong Hung, local newswire Dau tu Chung khoan reported.
11:07 | 03/06
Vietnam Gold Flat on June 3; Local-Global Gold Price Gap Narrowing
Vietnam’s gold stayed flat on June 3 though it edged higher in the global market amid softening dollar, making the difference between local and global gold prices to narrow by VND140,000 a tael to VND3.46 million a tael.
10:20 | 03/06
SBV clears way for nationalizing GPBank
The move by the State Bank of Vietnam (SBV) to change key personnel at GPBank and the appointment of a VietinBank executive as GPBank’s new legal representative will be followed by a “zero dong” plan, according to analysts.
10:18 | 03/06
DongA Bank expands auto banking services
DongA Bank has deployed another 17 auto banking transaction points in Ho Chi Minh City since June 2, bringing the total number to 42 across the country.
10:17 | 03/06
June 3: Dollar Continues Staying Flat at Banks
The State Bank of Vietnam, the country’s central bank, quotes U.S. dollar exchange rate at VND21,673 on Wednesday [June 3], unchanged for over three weeks, while dollar prices were kept stable at local banks.
10:13 | 03/06
Remittances to HCMC Reaches USD1.7 Bln
Year to date, remittances to Ho Chi Minh City (HCMC) reached USD1.7 billion, up 18% year-on-year, local newswire Phap luat TP HCM reported.
09:39 | 03/06
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Other News  
State Treasury Sells VND325 Mln G-Bonds on June 2; Rates Up
Bao Viet Insurance Appoints New CEO
Interest Rates for Some Policy Lending Programs Reduced
Ministry backs wholly foreign-owned bank
Forex rate stable after dong devaluation
Vietnam Gold Falls 0.05% on June 2; Local-Global Gold Price Gap Still High
Natixis Bank - Hanoi Rep Office and HCMC Branch Approved to Change Names
Dollar price fluctuates despite SBV’s exchange-rate adjustment
MPI backs UOB request to open wholly-owned bank
Bank restructuring and the resolution of bad debt
 
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 SOEs operation to be announced publicly
 
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