Home Finance

Russia c.bank accredits Vietnam's BIDV to work in Russia

May 20th at 08:40
20-05-2016 08:40:01+07:00

Russia c.bank accredits Vietnam's BIDV to work in Russia

Russia's central bank said on Thursday it had accredited Bank for Investment and Development of Vietnam (BIDV), the first bank from the Asian country to be represented on the Russian market.

 

BIDV is taking part with Russia's VTB Bank in a pilot project aimed at arranging payments between Russia and Vietnam in the their national currencies.

BIDV is also a co-founder of Vietnam-Russia Joint Venture Bank, the only bank with Russian capital working on Vietnam's market.

tuoitrenews

MOST READ

NEWS SAME CATEGORY

Vietnam’s public debt to double in ten years: expert
FINANCE May 20th at 08:37

Vietnam’s public debt to double in ten years: expert

Vietnam’s current public debt totals over US$120 billion and is projected to double in ten years, said a financial expert at a conference in Hanoi on Wednesday.

Siam Commercial Bank opens branch in HCM City
FINANCE May 20th at 08:32

Siam Commercial Bank opens branch in HCM City

Thailand's Siam Commercial Bank (SCB) recently celebrated the opening of its new branch in HCM City at the Kumho Asiana Plaza Building in the heart of HCM City's...

Fitch Affirms Vietnam at 'BB-'; Outlook Stable
FINANCE May 19th at 16:43

Fitch Affirms Vietnam at 'BB-'; Outlook Stable

Fitch Ratings has affirmed Vietnam's Long-Term Foreign- and Local-Currency IDRs at 'BB-' with a Stable Outlook. The issue ratings on Vietnam's senior unsecured...

SBV loosening policies: experts
FINANCE May 19th at 11:19

SBV loosening policies: experts

Experts believe the central bank is loosening its monetary policies to support businesses and boost economic growth.

Vietnam’s cbank backs plan to bail out debt-ridden private enterprise
FINANCE May 18th at 20:36

Vietnam’s cbank backs plan to bail out debt-ridden private enterprise

A Vietnamese multi-sector conglomerate, plagued by financial woes over its loss-making agricultural arm, will have part of its massive debt restructured, under a...

Banking technology needed in order to compete
FINANCE May 18th at 20:12

Banking technology needed in order to compete

Technology holds the key to banks' development, especially with the country's increasing global integration, a seminar heard in HCM City yesterday.

Mekong Capital fund to invest US$112 million
FINANCE May 18th at 20:08

Mekong Capital fund to invest US$112 million

Mekong Capital's fourth fund Mekong Enterprise Fund III Limited Partnership (MEF III) plans to invest US$112 million in Viet Nam.

TPBank stops massive cyber heist
FINANCE May 18th at 10:34

TPBank stops massive cyber heist

The Tien Phong Commercial Joint Stock Bank (TPBank) announced it had stopped hackers from attacking the SWIFT system, reported VietnamPlus.

Banks baulk at strict rules in SBV’s Circular 36
FINANCE May 18th at 10:11

Banks baulk at strict rules in SBV’s Circular 36

Various banks have requested a delay in Circular 36 amendments, stating that stricter lending rules will hurt their business.

Risk provisions and bad debts eat up bank profits
FINANCE May 18th at 10:09

Risk provisions and bad debts eat up bank profits

While banks have been able to control their non-performing loans ratio well below the 3 per cent threshold, the potentially irrecoverable debt fraction has...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top