The Business Times: Insurance firms invest over 105tr dong in economy

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• Insurance firms invest over 105tr dong in economy
• Investment in bond can decrease in the first week of 2014
• Dec 31: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up
• State budget collections surpass 0.33% target by dec 30: PM
• Vietnam c.bank net withdraws vnd1,799 bln via OMO on dec 30
• Outstanding loans of banks in Dak Lak reach 40.709tr dong in 2013
• Quang Ninh’s credit increases 13.4pct and Vinh Phuc’s 1.54pct in 2013
• Banks target familiar clients to boost credit
• Interbank trading dong +52%, dollar +58% in week ending december 20
• TPbank approved to open 3 more branches

Insurance firms invest over 105tr dong in economy Posted: 30 Dec 2013 07:40 PM PST Insurance Supervision and Management Department under the Ministry of Finance (MoF) has lately reported the insurance market has 59 active firms in 2013…. The total insurance premium of the whole market is estimated at 45.12 trillion dong in 2013, rising 9.1 percent from last year. The total investment capital to the economy poured by insurers […] The post Insurance firms invest over 105tr dong in economy appeared first on Vietnam Business News.

Investment in bond can decrease in the first week of 2014 Posted: 30 Dec 2013 07:25 PM PST During the week of December 23-27 2013, G-bond primary market held two auctions of Vietnam Bank for Social Policies (VBSP) and the State Treasury. Specifically, on December 27 2013, the State Treasury successfully raised over 4.626 trillion dong out of over 6 trillion dong of bid call volumes. Of which, winning bidding volume of three-year […] The post Investment in bond can decrease in the first week of 2014 appeared first on Vietnam Business News.

Dec 31: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 30 Dec 2013 07:24 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Tuesday, unchanged for 6 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks raised dollar prices, offering at […] The post Dec 31: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News.

State budget collections surpass 0.33% target by dec 30: PM Posted: 30 Dec 2013 07:24 PM PST Vietnam's State budget collection is estimated to surpass 0.33% target by today, December 30, 2013, the Prime Minister Nguyen Tan Dung said, citing data he received from the Ministry of Finance (MoF) and localities. The exceeding is expected to hit 1% by the year end and head of the Vietnamese Government requested to use this […] The post State budget collections surpass 0.33% target by dec 30: PM appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd1,799 bln via OMO on dec 30 Posted: 30 Dec 2013 07:22 PM PST The State Bank of Vietnam (SBV) pumped VND1,201 billion through open market operation (OMO) while withdrew VND3,000 billion, resulting in net withdrawal of VND1,799 billion on Dec 30, 2013, local newswire NDH reported, citing data from SSI Research. As of December 30, the total outstanding loans on OMO were VND13,374 billion. On the day, SBV […] The post Vietnam c.bank net withdraws vnd1,799 bln via OMO on dec 30 appeared first on Vietnam Business News.

Outstanding loans of banks in Dak Lak reach 40.709tr dong in 2013 Posted: 30 Dec 2013 07:22 PM PST According to the report of SBV– Dak Lak Branch, 2013 mobilised capital of credit organisations in Dak Lak has decreased slightly compared to 2012, including 1.5% reduction in VND deposits and 0.25% to 0.75% reduction of USD deposits.  However, credit institutions strictly execute all interest rate regulations of the SBV. Despite difficulties of mobilised capital […] The post Outstanding loans of banks in Dak Lak reach 40.709tr dong in 2013 appeared first on Vietnam Business News.

Quang Ninh’s credit increases 13.4pct and Vinh Phuc’s 1.54pct in 2013 Posted: 30 Dec 2013 07:19 PM PST According to information of the State Bank of Vietnam (SBV), as of November 30 2013, mobilised capital in Quang Ninh Province reached 60.483 trillion dong, up 19.9 percent.  According to information of the State Bank of Vietnam (SBV), as of November 30 2013, mobilised capital in Quang Ninh Province reached 60.483 trillion dong, up 19.9 […] The post Quang Ninh's credit increases 13.4pct and Vinh Phuc's 1.54pct in 2013 appeared first on Vietnam Business News.

Banks target familiar clients to boost credit Posted: 30 Dec 2013 07:18 PM PST Instead of offering cheap loans to all potential clients to simulate credit growth as had been done in 2012, commercial banks towards the end of this year are instead targeting clients with specific credit packages. LienVietPostBank agreed to provide a VND2 trillion ($95 million) loan for the PetroVietnam-invested Vung Ang 1 Thermal Power Plant this […] The post Banks target familiar clients to boost credit appeared first on Vietnam Business News.

Interbank trading dong +52%, dollar +58% in week ending december 20 Posted: 30 Dec 2013 07:16 PM PST The total interbank trading value of the dong rose by 51.8% to VND138.964 trillion in the week ending December 20 from VND91.531trillion a week earlier while that of the dollar rose 58.3% to VND78.586 trillion from VND49.651 trillion. The total interbank trading value of the dong rose by 51.8% to VND138.964 trillion in the week […] The post Interbank trading dong +52%, dollar +58% in week ending december 20 appeared first on Vietnam Business News.

TPbank approved to open 3 more branches Posted: 30 Dec 2013 07:14 PM PST The State Bank of Vietnam (SBV) on December 27, 2013 issued documents No. 9743, 9744 and 9745/NHNN-TTGSNH approving the proposal on establishment of 3 branches of Tien Phong Commercial Joint Stock Bank (TPBank). Accordingly, SBV allows TPBank to open 3 branches in Binh Duong, Hochiminh City (District 1) and Hanoi (Ba Dinh District). TPBank shall […] The post TPbank approved to open 3 more branches appeared first on Vietnam Business News.

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