Vietnam VIB plans gross profit up 76 pct y/y in 2011

Vietnam International Bank (VIB), 15 percent owned by Commonwealth Bank of Australia , expects its gross profit to jump 76 percent this year to nearly 1.85 trillion dong ($90 million). VIB, the ninth-largest partly private bank by assets, also planned to raise its total assets this year by 38 percent to 129.5 trillion dong, it [...]

VIB co-operates with AAA Assurance

Viet Nam International Commercial Joint Stock Bank (VIB) and AAA Assurance Corporation have signed a comprehensive partnership contract with the aim of enhancing growth and diversifying each others portfolios. Under the contract, VIB will help AAA use the bank’s services conveniently and quickly at competitive prices, while recommending the bank to staff and customers.

VIB to finance VND2Tln to support rice and seafood exporters

Vietnam international bank (VIB) will set aside a loan of VND2trillion to support local rice and seafood exporters, said the lender on its website. The loans will have preferential interest rates of 1% lower than normal ones, VIBank said. The unlisted lender also introduced a new package of preferential services including: loans, trade finance, foreign [...]

VIB finances VND3tln preferential loans to local enterprises

Vietnam International Bank (VIB) launched a preferential loan program of VND3trillion with interest rates of 1% lower to support local enterprises from February 18 to April 30,2011, said the unlisted lender on its website. Specifically, VIB will disburse VND2trillion new loans to local businesses, which mostly applied for working capital loan applications and another VND1trillion [...]

Prime Minister approves recalling mistaken VND31Bln subsidy from VIB

Vietnam’s Prime Minister has approved to recall VND31billion worth of interest rate subsidy mistakenly offered by Vietnam International Bank (VIB), the local media Dan Tri reported January 3. As of December 31, 2009, VIB granted VND25,800 trillion worth of subsidized loans, including VND260trillion interest rate subsidy of which SBV has advanced VND230 trillion, the local [...]

VIB launches new domestic personal guarantees up to 85pct

Vietnam International Commercial Joint Stock Bank (VIB) has lately launched the new products of Domestic Personal Guarantees for its customers, including individuals and business households, permitting the commercial transactions to be carried out promptly and conveniently. The lender released that this programme may last till December 31, 2010 in order to support the enterprises to [...]

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