VPBank has helped more than 40,000 women-owned enterprises to gain access to banking loans The award is the IFC's recognition of VPBank as the best issuing-bank partner for small and medium-sized import and export enterprises owned by women in the East Asia and Pacific regions, within the framework of the IFC's Global Trade Finance Program (GTFP). This is the first time that the IFC has granted the award to a Vietnamese bank in order to honor the outstanding achievements of the bank when participating in GTFP. VPBank, along with other award winners, was selected among more than 500 banks from 60 countries and territories across the world. After nearly two years of participation in the GTFP, VPBank has gained impressive achievements in promoting trade finance solutions for import-export and domestic trade activities. As a leading bank in the segment of financing women-owned businesses, VPBank has helped more than 40,000 enterprises to gain access to banking loans. Theo NDO … [Read more...] about IFC names VPBank as best issuing-bank partner for women-owned businesses
Best bank morrow ga
An employee monitors pipeline of Karaha Unit I geothermal power plant owned by PT Pertamina Geothermal Energy in West Java (Photo: Antara) Jakarta (VNA) – The World Bank (WB) has approved a 150 million USD loan for Indonesia to scale up investments in geothermal energy by reducing the risks of early-stage exploration. climate-friendly development. Geothermal energy is expected to play a significant role in reducing Indonesia’s greenhouse gas emissions. As a clean and renewable energy source that provides power continuously, geothermal can reduce the country’s dependence on coal-fired power and other fossil fuels. If geothermal resources can be accessed easily, costs are competitive with coal and natural gas. Indonesian Minister of Finance Sri Mulyani said the country’s geothermal sector has vast potential and its current installed geothermal power capacity is already the second largest in the world. Geothermal is environmentally sustainable and … [Read more...] about World Bank supports Indonesia’s geothermal energy development
In response to this development, VietinBank is proud to be granted the award “Best Foreign Exchange Provider” in Vietnam for 02 consecutive years by the prestigious world finance magazine Global Finance. Top of leading Bank in Foreign Exchange Market With the orientation promoting the foothold of VietinBank in the Foreign Exchange market as well as applying a lot of synchronous and effective business solutions, the Foreign Exchange operation of VietinBank achieves good results and gains strong growth, being one of the two leading banks in Vietnam Foreign Exchange market. In terms of Foreign Exchange turnover and market share, for the time being, VietinBank is leading the way in the interbank market as well as being one of the two largest banks about market share in the first market with market share accounting 13 - 15%. By the end of 2018, Foreign Exchange turnover ramped up more than 260% and profit went up by 300% compared to the year 2012. Up to August 2019, Foreign … [Read more...] about VietinBank, the Best Foreign Exchange Provider in Vietnam
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?
Nguyen Duy Linh, deputy managing director of retail brokerage, SSI, receives Asiamoney Best Southeast Asia Securities House Awards for "Best Securities House in Vietnam” and “Best Corporate & Investment Bank” from Asiamoney on behalf of his company. (Photo courtesy of SSI) HCM City (VNS/VNA) - SSI Securities Corporation received two Asiamoney Best Southeast Asia Securities House Awards from Asiamoney, a leading finance and investment magazine in the Asia-Pacific, at a ceremony in Singapore this week. They were for "Best Securities House in Vietnam” and “Best Corporate & Investment Bank.” It was the third time the company has won the "Best Securities House in Vietnam”. SSI has been the leader in securities broking on the Ho Chi Minh Stock Exchange (HoSE) for the last five years. In the second quarter of this year it continued to be largest player on both HoSE and the Hanoi Stock Exchange, with market shares … [Read more...] about SSI wins Asiamoney Best Southeast Asia Securities House Awards