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Military Bank wins GPEA award for excellence

MB is the only bank in Vietnam to have ever been nominated commander sildenafil pfizer kosten for the prestigious award. Annually the APQO honours exemplary organizations from six Asian and Pacific Rim Countries for world class quality performance. Criteria for the award include the role of leadership, strategic planning, orientations …

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11 Vietnam banks cited among world’s top 1,000

The prestigious financial magazine, The Banker, has listed eleven Vietnam banks in its recently published Top World Banks ranking for 2014, affirming the country as a leading financial centre in Southeast Asia. The top five of the 11 Vietnam banks include – Vietnam Joint Stock Commercial Bank for Industry and …

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Commercial banks stand firm amid East Sea tension

Reports from official sources all show that banks are still in good condition. Worries were once raised when southerners rushed to withdraw their money from banks to buy gold and dollars in early May for fear of East Sea tension. However, the monetary market calmed down quickly as people realized …

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Bond yield plunges ceaselessly on capital excess

Interest rates of government bonds issued by the State Treasury have dropped to new lows recently, forcing institutional investors to reduce their purchase volumes. The 2-year bond interest rate dropped to a 5-year low of 5.58 percent per annum on April 28, two days before the long holiday. Injecting money …

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FII must use Vietnamese dong

Foreign indirect investments must be transacted in Vietnamese dong, with related transactions being made through accounts in authorised banks, noted a new State Bank of Viet Nam (SBV) circular. Issued on March 12, the Circular No 05/2014/TT-NHNN will go into effect on April 28, replacing an SBV circular on foreign …

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VN steady amidst global turmoil

Viet Nam has remained relatively robust amidst the turmoil in international financial markets, HSBC has said in a regular monthly report. Having a relatively small capital market is perhaps one reason and deriving limited benefit from the so-called quantitative easing in the developed world is likely another, according to its …

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Banks released profit results in 2013

A number of banks have released profit results in 2013 that portray both a gloomy and bright picture of the banking industry. The market saw an immense effort by banks to present their balance sheets and debt portfolios as cleaner and safer than in past years. Vietinbank’s Chairman Pham Huy …

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