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BIDV awarded Euromoney magazine honour

The world’s leading financial magazine, Euromoney, has named the Bank for Investment and Development of Vietnam (BIDV) as the Best Domestic Trade Finance Provider in Vietnam in 2012.

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Reserve rules eased for five banks

The State Bank of Viet Nam granted permission on Thursday to five credit institutions to maintain compulsory reserves for Vietnamese dong deposits at below regulated levels for a five-month period beginning February 1.

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Banking shares help lift market

Stocks gained slightly on the HCM City Stock Exchange on Feb. 9, with the VN-Index edging up by 0.45 percent over the previous day's session to close at 411.39 points.

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Vietinbank opens first branch in Laos

President Truong Tan Sang cut a ribbon to inaugurate a branch of the Vietnam Joint Stock Commercial Bank for Industry & Trade (Vietinbank) in Vientiane, Laos, on Feb. 9.

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Bank launches operations in Cambodia

The Saigon-Hanoi Commercial Bank (SHB) opened its doors in Phnom Penh on Feb. 9, aiming at boosting trade and economic relations with Cambodia.

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State bank ponders rate cut

The central bank plans to lower interest rates this year, but is unsure about the best time to do it.

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Weak banks to miss credit growth allocation

According to an instruction issued by the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on February 13, banks belonging to Group 4 (weak banks) will not be allocated any credit growth this year.

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Stocks rebound on both exchanges as volumes slow

HA NOI — Advancers outnumberd decliners by a four-to-one margin on the HCM City Stock Exchange yesterday, pushing the VN-Index up by over 1.7 per cent to a close of 403.30 points.

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HSBC: Vietnam in top 10 for long-term growth

Vietnam has been ranked seventh out of the 10 countries seen as having the best prospects for long-term growth, announced HSBC on the business and financial news website CNBC.com.

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HSBC: Vietnamese currency more stable in 2012

Vietnamese currency will be relatively more stable in 2012, the Hongkong and Shanghai Banking Corporation (HSBC) said in its report on the 2012 outlook on Vietnam’s economy, which was announced on Feb. 20.

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