No more lending to ‘backyard’ companies, Vietnam PM tells banks
Vietnamese Prime Minister Pham Minh Chinh has instructed banks to cancel all new loans to a small group of businesses or projects of an ecosystem known as “backyard” companies, in a move to improve banking operations.
Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
70 Vietnam firms issue bonds worth $7.36 bln in 10 months
Seventy companies in Vietnam raised a combined VND180.4 trillion ($7.36 billion) this year through October by issuing bonds, down 45% year-on-year, according to Finance Ministry data.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Agribank executive named chairman of Saigon Commercial Bank
Phan Dinh Dien, a board member of wholly state-owned Agribank, was appointed chairman of private lender Saigon Commercial Bank (SCB) to replace Vu Anh Duc under a decision issued by the State Bank of Vietnam (SBV) on Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife Vietnam boss promises settlements for all bancassurance-related customer complaints
Canadian-backed life insurer Manulife Vietnam will solve customer complaints regarding its bancassurance services via Saigon Commercial Bank, the company’s chairman Sachin Shah said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank put Saigon Commercial Bank under special control
The State Bank of Vietnam has placed Saigon Commercial Bank (SCB) under special control over stability concerns.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Depositors protected no matter what: central bank governor
The government will protect depositors' interests at banks, including the Saigon Commercial Bank (SCB), in all circumstances, State Bank of Vietnam Governor Nguyen Thi Hong said Monday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central bank plays down concerns over financial health of Saigon Commercial Bank
Vietnam’s central bank has pledged to keep the operations of Saigon Commercial Bank (SCB) stable and ensure the legitimate rights of depositors amidst a run on deposits since Friday.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
- Most Read
Six miles and beyond: Vietnam draft law sets offshore boundary
Energy - Update 4 day ago
- Editor’s Picks
-
No offshore wind projects in Vietnam until 2028: global council
-
Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
-
Techcombank plans 10% stake issue to foreign strategic investors
-
Vietnam needs to build more highways: logistics firm exec
-
Vietnam central bank pumps cash to save troubled lender SCB
