Home Finance

VietinBank plans to work with JFC on services

May 28th at 11:26
28-05-2013 11:26:48+07:00

VietinBank plans to work with JFC on services

The Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has reached a co-operation agreement with the Japan Finance Corporation (JFC), becoming the first and only bank in Viet Nam to be selected as JFC's partner.

 

Under the agreement, the JFC will introduce VietinBank's services to small- and medium-d Japanese enterprises and issue Stand-by Letters of Credit to guarantee their loans at VietinBank.

The two sides also agreed to promote information exchange, as well as introduce potential partners and clients to each other.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Lending jumps 2.3 per cent
FINANCE May 28th at 11:14

Lending jumps 2.3 per cent

Total lending of the whole banking system on May 22 increased about 2.3 per cent over the end of last year, the State Bank announced yesterday. Dong loans were up...

Yen devaluation troubles exporters
FINANCE May 27th at 11:17

Yen devaluation troubles exporters

The Japanese yen has dropped by nearly 20 per cent over the Vietnamese dong in the last six months, leaving exporters worried about further losses if the currency...

Big open-end funds still keep away from Vietnam
FINANCE May 27th at 10:53

Big open-end funds still keep away from Vietnam

The first open end funds have been established in Vietnam, but they have modest capital of VND50 billion.

Bad debt causes bank shares to lose lustre
FINANCE May 26th at 09:49

Bad debt causes bank shares to lose lustre

Bank shares are losing their attraction due to low profits caused by increasing bad debt in many lending institutions.

TrustBank approved to rename
FINANCE May 26th at 09:45

TrustBank approved to rename

Dai Tin Commercial Joint Stock Bank (TrustBank) on Thursday received approval from the State Bank of Viet Nam (SBV) to change its name to Viet Nam Construction...

Little growth in bank capital, assets during first quarter
FINANCE May 26th at 09:43

Little growth in bank capital, assets during first quarter

Assets and capital owned by lending institutions showed little progress in the first quarter, although the data in March improved significantly compared with the...

VN set to embrace mobile banking
FINANCE May 26th at 09:39

VN set to embrace mobile banking

Most banking transactions in Viet Nam, around 80 per cent, will be one through mobile devices in the next five years, says Le Thanh Tam, CEO of International Data...

SBV overhasty in loosening monetary policy?
FINANCE May 24th at 13:18

SBV overhasty in loosening monetary policy?

The State Bank of Vietnam (SBV) has been warned against the hastiness in regulating the money policy. Vietnam would have to pay a heavy price for the decision to...

Trillions of dong worth of capital left unused, wasted
FINANCE May 23rd at 23:45

Trillions of dong worth of capital left unused, wasted

Commercial banks have reported they have hundreds of trillions of dong left in their coffers. Tens of trillions of dong have been kept at securities accounts. Many...

State Audit reports on SBV performance in 2011
FINANCE May 23rd at 13:11

State Audit reports on SBV performance in 2011

The State Bank of Viet Nam has adhered to the Government's instructions in 2011 to implementing a tight monetary policy, adjusting interest rates in line with...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top