Vietnam Business News

---

• Personal loans unlock credit freeze
• Maritime Bank forecasting smoother seas ahead
• ANZ looks to corner the market
• HDBank, Petechim sign strategic deal
• Coastal economic zones to receive State funds
• PVFC might use Western Bank as a bridge to change its status
• Germany’s Oktoberfest 2012 Beer Festival in Vietnam
• Petrol prices likely to spur inflation
• Auto market’s recovery drive
• Businesses prepare to lure consumers for ‘Sale Promotion Month’

Personal loans unlock credit freeze Posted: 20 Aug 2012 05:18 AM PDT Banks are embracing personal consumption loans, with a focus on housing, as a safe haven to raise credit growth. HSBC last week offered a home loan interest of 10.99 per cent per annum for the first three months, while state-owned commercial banks BIDV, Vietcombank and Vietinbank are lending customers to buy houses at projects those [...]

Maritime Bank forecasting smoother seas ahead Posted: 20 Aug 2012 05:17 AM PDT With the expected credit growth of only 10-12 per cent this year, Maritime Bank general director Atul Malik told VIR's Trinh Trang that a diversified source of revenue would bring the bank sustainable profits. After three months in your role, what challenges have you found working in Vietnam? In Vietnam, there are some best global [...]

ANZ looks to corner the market Posted: 20 Aug 2012 05:16 AM PDT ANZ Vietnam last week launched a new sophisticated investment solution, Structured Investment Product, to maximise investor returns. The product is essentially a combination of a traditional deposit and a derivative product, where returns are dependent on the performance of underlying financial assets including currencies and gold. This is a new product that has never been [...]

HDBank, Petechim sign strategic deal Posted: 20 Aug 2012 05:15 AM PDT The National Petrol Export-Import Corporation, or Petechim, has become a strategic customer of the HCM City Development Joint Stock Bank, getting access to loans on preferential bases and services at low rates. Following a deal they signed recently, the bank will in turn become preferred choice of service provider for currency management, international payment, e-banking, [...]

Coastal economic zones to receive State funds Posted: 20 Aug 2012 05:14 AM PDT The Prime Minister has approved a proposal to prioritise five groups of coastal economic zones (EZs) to receive support from the State budget during 2013-15. The target groups are the Chu Lai EZ (Quang Nam central province) – Dung Quat EZ (Quang Ngai central province); Dinh Vu and Cat Hai EZs in the northern port city [...]

PVFC might use Western Bank as a bridge to change its status Posted: 20 Aug 2012 05:14 AM PDT PetroVietnam Finance Corp. was reportedly eyeing to buy into poorly performing Western Bank so as to turn itself into a commercial bank. Local media reported that the finance company (PVFC) was in talks with Western Bank last week to buy a controlling stake in the bank. A PVFC spokesman declined to comment on the information [...]

Germany’s Oktoberfest 2012 Beer Festival in Vietnam Posted: 20 Aug 2012 05:13 AM PDT The world's famous Oktoberfest 2012 Beer Festival of Germany will be held at Bitburger restaurant on Vo Van Kiet avenue in Ho Chi Minh City from September 20-22. Participants will enjoy drinking Bitburger beer imported from Germany, tasting traditional dishes of Germany and Vietnam, playing games or buying souvenirs. In the meantime, the well-known Flamenco [...]

Petrol prices likely to spur inflation Posted: 20 Aug 2012 05:12 AM PDT Increasing costs of some essential goods was likely to have a knock-on affect on the consumer price index (CPI) in August and the following months, after it fell slightly during June and July, predicted experts. Since early July, costs have slowly been creeping up, with oil and gas prices leading the way. Petrol products have [...]

Auto market’s recovery drive Posted: 20 Aug 2012 05:09 AM PDT July saw a slight auto market recovery after three consecutive months' decline. According to the Vietnam Automobile Manufacturers' Association (Vama), the total sales of Vama members plus non-Vama members' sales of imported completely-built-vehicles in July hit 7,433 units, up 13 per cent against June. Of which 2,729 units were cars and 4,704 units were trucks. [...]

Businesses prepare to lure consumers for ‘Sale Promotion Month’ Posted: 20 Aug 2012 05:09 AM PDT Many businesses are gearing up with promotional plans to attract more customers for the annual 'Sale Promotion Month' in September in Ho Chi Minh City. Big C supermarket chain has launched a promotional discount offer of upto 49 percent on nearly 1,200 products. The supermarket has also spent VND3.5 billion (US$166,000) to design gift options [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610