VietinBank gets approval to expand

Aug 23rd at 13:30
23-08-2013 13:30:12+07:00

VietinBank gets approval to expand

The Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) got approval to open eight more transaction offices in five provinces, the State Bank said in a post on its website.

Specifically, the Ha Noi-based bank is allowed to open eight transaction offices, including three in Dak Nong Province, two in Thai Nguyen Province and one each in the provinces of Kon Tum, Dong Nai and Hoa Binh.

vietnamnews



NEWS SAME CATEGORY

SBV holds forex rate as market steadies

An official from the State Bank of Viet Nam (SBV) told local media on Wednesday that there would be no adjustment of the foreign exchange (forex) rate at present.

Authorities fail to collect tax from online shops

The online trade now in Vietnam has special characteristics, beginning with “no”: no tax, no clear origin of products and no certificate on product quality.

Natural resources face new tax hike

Deputy Finance Minister Do Hoang Anh Tuan has proposed increasing tax rates by up to 8 per cent for 15 out 54 natural resource categories.

Banks say cutbacks may continue

Banks are claiming that a combination of bad debts, low credit growth and high operating costs are forcing them to lay off staff and cut wages.

Banks have capital in excess, but won’t slash deposit interest rates

If the inflation rate is curbed at 6.5 percent this year, the dong ceiling deposit interest rate would not go down to below 7 percent per annum as expected by...

SCB offers insurance

Saigon Commercial Bank (SCB) is offering insurance products at its transaction points following an agreement signed with Vietcombank Cardif Life Insurance Company...

Time for banks to bite the bullet and let the cleanup roll on: expert

Mr. John Sheehan - managing director of the Southeast Asia branch of Capital Services Group, a highly experienced consultant in international NPLs, has shared his...

Foreign CEOs cannot reap fruits in Vietnam

Vietnam turns out to be not a good land for many bank foreign CEOs. Many of them have to leave after a short time in Vietnam, ceding their positions to Vietnamese.

First virtual prepaid card launched in Viet Nam

The Viet Nam Prosperity Bank (VPBank) yesterday launched the first prepaid online Smartcash Visa Card in Viet Nam with the aim of contributing to the country's...

Banks poised for year-end hiking capital demands

As of July 30, 2013, banking sector’s credit expanded 5.15 per cent against end of 2012, according to the State Bank. The sector’s full-year credit growth target...

Bank stocks

Insurance stocks


MOST READ


Back To Top