The Business Times: 20% bank ownership hasn’t much significance to foreign investors

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• 20% bank ownership hasn’t much significance to foreign investors
• VN – UK trade exceeds annual target
• OTT televisions develop interaction features to attract more viewers
• Rice exporters set for tough year
• VN battles poor competitiveness rating
• Labour market to see minor wage growth in 2014
• Many foreign investors interested in buying vietnam NPLs
• Indovina Bank registers charter capital of usd193 mln
• LienVietPostBank approved to open 5 more branches
• Outstanding loans in Quang Tri reach 11.285tr dong in 2013

20% bank ownership hasn’t much significance to foreign investors Posted: 10 Jan 2014 12:35 AM PST  The ceiling proportion of stakes a foreign investor can hold in a bank has been lifted from 15 percent to 20 percent. However, the 5 percent increase proves to be not attractive enough to foreign institutions. Tay Han Chong, CEO of Mekong Development Bank (MDB) once commented that 20 percent was not enough for a […] The post 20% bank ownership hasn't much significance to foreign investors appeared first on Vietnam Business News.

VN – UK trade exceeds annual target Posted: 10 Jan 2014 12:32 AM PST Trade between Viet Nam and the UK last year was worth $4.3 billion compared to the target of $4 billion, according to the seventh UK – Viet Nam Joint Economic and Trade Committee. Viet Nam exports coffee, footwear, furniture, TV sets, and mobile phones to the UK and imports medicines, automobiles, and hydraulic machinery.  Source: […] The post VN – UK trade exceeds annual target appeared first on Vietnam Business News.

OTT televisions develop interaction features to attract more viewers Posted: 10 Jan 2014 12:32 AM PST OTT televisions still cannot collect subscription fees from clients, thus incurring a loss for a long time. However, they still have been developing interaction features to survive the stiff competition in the market. Believing that OTT is an irresistible trend, television service providers have jumped into the market, though none of them has made profit […] The post OTT televisions develop interaction features to attract more viewers appeared first on Vietnam Business News.

Rice exporters set for tough year Posted: 10 Jan 2014 12:29 AM PST Viet Nam’s rice export is likely to face another difficult year with supply outstripping demand and worsening global competition, according to the Viet Nam Food Association. Last year the country exported just 6.68 million tonnes for US$2.89 billion, a 13.45 per cent fall in volume and 16.12 per cent decline in value, VFA secretary Huynh […] The post Rice exporters set for tough year appeared first on Vietnam Business News.

VN battles poor competitiveness rating Posted: 10 Jan 2014 12:16 AM PST Viet Nam faces an urgent need to become a more competitive global economy or risks being left behind, according to a statement from Deputy Prime Minister Vu Duc Dam. Speaking at a meeting of the National Council for Sustainable Development and Competitiveness Improvement on Tuesday, Dam said Viet Nam still rated poorly in the areas […] The post VN battles poor competitiveness rating appeared first on Vietnam Business News.

Labour market to see minor wage growth in 2014 Posted: 10 Jan 2014 12:14 AM PST The Vietnamese labour market this year will see just a 6-8 per cent salary increase due to the sluggish economy. The forecast was made by Nicola Connolly, chairwoman of Eurocham’s Human Resources and Training Sector Committee. At a press briefing in HCM City yesterday, she said that minimum wage insurance in Q3 of this year […] The post Labour market to see minor wage growth in 2014 appeared first on Vietnam Business News.

Many foreign investors interested in buying vietnam NPLs Posted: 09 Jan 2014 09:20 PM PST According to Le Xuan Nghia, former Vice Chairman of the National Financial Supervisory Commission (NFSC), member of Government Advisory Committee, many foreign investors have shown interest in buying Vietnam's NPLs, local newswire Dan Tri reported. In 2013, Vietnam Asset Management Company (VAMC) bought VND38.9 billion non-perfoming loans (NPLs). In 2014, VAMC will continue to buy […] The post Many foreign investors interested in buying vietnam NPLs appeared first on Vietnam Business News.

Indovina Bank registers charter capital of usd193 mln Posted: 09 Jan 2014 09:19 PM PST On January 07, 2014, the State Bank of Vietnam has document number 113/NHNN-TTGSNH confirming the registration of Indovina Bank (IVB)'s charter capital, local newswire Tri Thuc Tre reported. Previously, the bank has registered to increase its charter capital at the Department of Planning and Investment of Ho Chi Minh City. Accordingly, IVB's new charter capital […] The post Indovina Bank registers charter capital of usd193 mln appeared first on Vietnam Business News.

LienVietPostBank approved to open 5 more branches Posted: 09 Jan 2014 09:18 PM PST The State Bank of Vietnam (SBV) on December 31, 2013 issued a serives of documents approving the proposal on establishment of 5 more branches of LienViet Post Joint Stock Commercial Bank (LienVietPostBank). Accordingly, SBV allows LienVietPostBank to open 5 branches in Ninh Thuan, Yen Bai, Tra Vinh, Dak Nong and Quang Nam. LienVietPostBank shall take […] The post LienVietPostBank approved to open 5 more branches appeared first on Vietnam Business News.

Outstanding loans in Quang Tri reach 11.285tr dong in 2013 Posted: 09 Jan 2014 09:16 PM PST On January 7 2014, the State Bank of Vietnam (SBV) – Quang Tri Branch held a conference to carry out the missions of the banking system in 2014. As reported by the SBV – Quang Tri Branch, as of December 31 2013, raised deposits reached 11.165 trillion dong, up 1.091 trillion dong (equivalent to 10.83 […] The post Outstanding loans in Quang Tri reach 11.285tr dong in 2013 appeared first on Vietnam Business News.

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