Bidv

These institutions focus mostly on settling their own debt and do not engage much in trading, so the overall process is slow and long in Vietnam, said Dr. Can Van Luc, Chief Economist at BIDV, Vietnam’s biggest state-owned bank, at a conference Friday. The country currently only allows two state-owned firms to trade debt: the Vietnam Asset Management Company (VAMC), and the Vietnam Debt and Asset Trading Corporation (DATC); in addition to banks. Vietnam  should open up its debt market to a diverse range of investors as they do in other countries like the U.S., South Korea, China, and Thailand, where the market includes a diverse range of players ranging from investment banks, investment funds, insurance companies, and pension funds to individual investors and professional valuation companies, he said. Vietnam’s market, on the other hand, lacks brokers, professional consultants, and independent asset valuators such as insurance or securities companies. Debt trading is … [Read more...] about Get private sector into debt trade, Vietnam advised

Growing attractiveness of Vietnamese banks' shares is thanks to a positive revamp and strong outlook of the sector, particularly as Vietnam is accelerating global economic integration. Billions of USD is being poured into the Vietnamese banking sector, indicating its growing attractiveness in the eyes of investors and leading to expectation that a major change is coming to one of the economy’s key fields.  Banks with positive performance over the last two years.  A few days ago, state-run Commercial Bank for Investment and Development of Vietnam (BIDV) announced South Korea’s KEB Hana Bank as its first foreign strategic shareholder after the latter closed a deal worth VND20.3 trillion (US$875 million) to buy a 15% stake of of BIDV, making this the biggest M&A deal in Vietnam’s banking industry. The deal helped boost BIDV’s charter capital to over VND40.2 trillion (US$1.7 billion), the highest amount among banks operating in Vietnam A … [Read more...] about Vietnam’s banking sector becomes more attractive to investors

The State Bank of Vietnam (SBV) sets the daily reference exchange rate at 23,143 VND per USD on September 18.(Photo: Vietcombank) Hanoi (VNA) – The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,143 VND per USD on September 18, up 8 VND from the previous day (September 17). With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,837 VND per USD and the floor rate at 22,449 VND/USD. The opening hour rates at commercial banks fluctuated variably. At 8:20 am, Vietcombank listed the buying rate at 23,150 VND/USD and the selling rate at 23,300 VND/USD, both up 15 VND from the same time on September 17. BIDV kept both rates unchanged, with the buying rate listed at 23,180 VND/USD and the selling rate at 23,300 VND/USD. Meanwhile, Techcombank raised both rates by 13 VND, listing the buying rate at 23,160 VND/USD and the selling rate at 23,300 VND/USD./. VNA … [Read more...] about Reference exchange rate up on September 18

The State Bank of Vietnam (SBV) sets the daily reference exchange rate at 23,155 VND per USD on September 26.(Photo: VNA) Hanoi (VNA) – The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,155 VND per USD on September 26, up 10 VND from the previous day (September 25). With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,849 VND per USD and the floor rate at 22,460 VND/USD. The opening hour rates at commercial banks remained stable. At 8:15 am, Vietcombank kept the buying rate at 23,110 VND/USD and the selling rate at 23,160 VND/USD, both unchanged from the same time on September 25. BIDV also kept both rates unchanged from the previous day, listing the buying rate at 23,140 VND/USD and the selling rate at 23,260 VND/USD. Techcombank listed the buying rate at 23,133 VND/USD and the selling rate at 23,273 VND/USD, unchanged from the same time on September 25./. VNA … [Read more...] about Reference exchange rate up 10 VND on September 26

Illustrative image (Photo: VNA) Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,160 VND per USD on September 27, up 5 VND from the previous day. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,854 VND per USD and the floor rate at 22,465 VND/USD. The opening hour rates at commercial banks stayed stable. At 8:20 am, Vietcombank listed the buying rate at 23,110 VND/USD and the selling rate at 23,160 VND/USD, unchanged from the same time on September 26. BIDV also kept both rates unchanged from the previous day, with the buying rate listed at 23,140 VND/USD and the selling rate at 23,260 VND/USD. Meanwhile, Techcombank cut both rates by 2 VND, listing the buying rate at 23,131 VND/USD and the selling rate at 23,271 VND/USD. The daily reference exchange rate fluctuated variably throughout the week from September 23 to 27, down on Monday and Wednesday, and up on Tuesday and … [Read more...] about Reference exchange rate up 5 VND on September 27