Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants

PetroVietnam Power (PV Power) has reached agreement for a $300 million short-term loan from the U.S.’s Citibank and the Netherlands-based bank ING for developing Vietnam’s first LNG power plants.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Citi Vietnam executive elected AmCham HCMC chair for 2024

Citi Vietnam executive elected AmCham HCMC chair for 2024

Ramachandran A.S. (RamC), Citi's country officer for Vietnam, has been elected chairman of the American Chamber of Commerce (AmCham) Ho Chi Minh City for 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam stock market upgrade to attract more int’l capital: Citibank

Vietnam stock market upgrade to attract more int’l capital: Citibank

The upgrade of Vietnam’s stock market status from frontier to emerging market will see more international capital flow into the country and boost economic growth, says Citibank Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks lower than domestic peers

Deposit interest rates at foreign banks lower than domestic peers

While interest rates in the Vietnamese banking system are forecast to decrease in 2023 when macroeconomic conditions improve, the figures among foreign banks and branches in Vietnam are already lower than those of domestic peers.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at foreign banks lower than Vietnamese peers

Deposit interest rates at many foreign banks and branches in Vietnam are below 9.5%, the level that Vietnamese banks have adopted only recently after the State Bank of Vietnam's warning over lending rate hikes.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

UOB to acquire Citi Vietnam retail banking business next year

UOB to acquire Citi Vietnam retail banking business next year

Singapore's United Overseas Bank (UOB) said Tuesday it expects to complete the acquisition of Citigroup's consumer banking business in Vietnam and Indonesia next year.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bank of America to open HCMC branch

Bank of America to open HCMC branch

Bank of America is completing procedures to open its second Vietnam branch in Ho Chi Minh City after the first in Hanoi 27 years ago.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7