With deadline approaching fast, Vietnam banks are now under heavier pressure to raise statutory capital to satisfy the State Bank of Vietnam (SBV) or the central bank’s minimum legal capital roadmap to three trillion dong by the end of this year. Till now, there are many commercial banks that have received a go-ahead from the [...]
The Bank for Investment and Development of Vietnam (BIDV) has sought State Bank of Vietnam’s approval for merging the two finance leasing companies of BLC and BLC2 into BIDV Finance Leasing one-member Co Ltd The bank will hold 100 percent of ownership capital. The new company has initial chartered capital of 350 billion dong with [...]
The State Bank of Vietnam (SBV)- HCM City Branch has reported on its website that outstanding loans of commercial banks in the city by the end of August reached 620 trillion dong. According to SBV’s report, it is worth mentioning that the real estate lending of commercial banks was estimated to have reached 92.864 trillion [...]
Hanoi Beer Alcohol and Beverage Joint Stock Corp (Habeco) has officially put into operation the Hanoi-Me Linh Brewery located in Tien Phong Commune, Me Linh Dist, Hanoi. The project was carried out by Habeco as the main investor. The brewery was sited in an area of over 26 hectares with total investment capital of 2.2 [...]
Ministry of Construction has reported that the country’s cement consumption volume in August reported a fairly high increase over last month, estimated at about 4.51 million tonnes and 32.5 million tonnes in first eight months, equal to 65 percent of the year plan. Industrial production and building materials value of construction sectors estimated gaining 4.4105 [...]
During the past week, some steel producers have adjusted to increase by additional 500,000 dong per tonne. Accordingly, Pomina Steel Joint Stock Co continued raising the steel price at the fifth time in August 2010 by 330,000 dong per tonne for scrolled steel; 495,000 dong per tonne for steel bar, therefore the steel price to [...]
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