Vietnamese commercial banks have been seeking capital from overseas for the last two years. VP Bank has consulted with shareholders about a plan to issue and list international bonds. There are two options for the bank. It would issue $1 billion worth of 3-5 year bonds this year and in 2020, or it would issue $120 million worth of 3-year green corporate bonds which will be disbursed to fund green projects. Prior to that, in late September 2018, HD Bank asked for shareholders’ opinions on the plan to issue $300 million convertible 5-year-and-one-day bonds with fixed interest rates to fewer than 100 investors. The dong/dollar exchange rate has stabilized over the last few years with the dong devaluation level not exceedinh more than 2 percent each year. Meanwhile, the banks’ demand for medium- and long-term capital continues to be high, while the domestic capital sources are limited. Not only issuing corporate bonds in foreign currencies, banks have also been … [Read more...] about Experts see low risks in seeking foreign capital
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Many commercial banks have reported profits of trillions of dong in the first half of the year. VP Bank on July 30 announced business results in the first half of the year with total pre-tax profit of VND4.343 trillion. It reported the credit growth rate and capital mobilization growth rate of 11.1 percent and 14.4 percent, respectively. VP Bank is one of a few banks that received approval from the State Bank for the compliance of Circular 41 on applying Basel II. This permitted the credit growth rate ceiling to be raised from 12 percent to 16 percent. Techcombank also reported the record profit of VND5.7 trillion in the first half, an increase of 32 percent over the same period last year, and increase in revenue for the last 15 quarters. Its net interest income was VND6.5 trillion, up by 28 percent over the same period last year. Thanh Mai In Vietnam, the banking sector has the highest salary According to audited financial reports 2018 from 20 Vietnamese banks, … [Read more...] about VN banks thrive with satisfactory profits, despite low credit growth
The way coffee is bought and consumed in Vietnam is changing as new players work hard to get their name out there. Vietnam’s coffee market has seen the arrival of two newcomers in Ho Chi Minh City in the last two years: Guta Vietnam with small blue shops and mobile trolleys on the street selling coffee and CoffeeBike with orange shops and motorbikes selling coffee. The two brands have popped up in many corners of the city and won favor among savvy customers and millennials, with both focusing on opening outlets and offering clean coffee, low prices, and takeaway services. After only a few years, the “coffee-on-the-street” model of the two brands has borne fruit. Guta Vietnam’s revenue is growing about 200 per cent a year, CEO Mr. Nguyen Minh The told VET. “We expect to retain this growth and expand our brand identity in the next few years.” The chain now has 43 outlets of 10-50 sq m each in the southern city. CoffeeBike, meanwhile, has 20 … [Read more...] about Coffee on the run
A young man in the Mekong Delta city of Can Tho has been captured after getting married to a 14-year-old girl in O Mon District, a local police officer said Wednesday. Tran Van Co, 21, has been detained and will be prosecuted for copulating with a child, his wife D.T.C.N., 14, said Senior Lieutenant Colonel Huynh Thanh Can, deputy chief of the police department of O Mon District. D.P.D., the father of 14-year-old N., said she left school in the 6th grade and often went to the market to sell fish with her mother. With the little money she earned from helping her mother, N. usually went online at local Internet stores. Then, N. was employed by the owner of a coffee shop in the district and became acquainted with Co, who had just finished his military service and was also working as an employee at the shop. Ten days after they met, they fell in love with each other, and N. went to Co’s house and lived with the man as husband and wife. After seeing the two living together, … [Read more...] about Vietnam man arrested for marrying 14-year-old
More than fifty years after the end of the Apollo program, NASA plans to return to the Moon by 2024 as a "proving ground" to test the next generation of spacecraft ahead of an eventual crewed mission to Mars. NASA's current roster of female astronauts The new program has been named Artemis after Apollo's twin-sister in Greek mythology, and the space agency has said that the mission will see the first woman to stride the lunar surface. So, who will she be? No one knows for sure, but it's a likely bet the candidate will be selected from among NASA's current roster of 12 female astronauts. They're aged between 40 and 53, and are former military pilots, medical doctors and scientists who were picked from among thousands of applicants since the late 1990s. Predicting who will join Neil Armstrong in the annals of history isn't an exact science, but several former astronauts and experts interviewed by AFP say the proximity of the deadline mean it probably won't be a new recruit. … [Read more...] about Womankind’s giant leap: who will be the first female moonwalker?