The Business Times: Banks taking over financial firms shapes a growing trend

---

• Banks taking over financial firms shapes a growing trend
• SBV to boost Vietinbank, Vietcombank
• Vietnam imported US$2 billion in medication in 2014
• Challenges await banks this year
• Vietnam’s enterprises not yet ready for int’l integration
• Foreign capital flows to stock market may slow on dollar appreciation
• The unknown facts in the purchase of Nguyen Kim
• Boeing supports Vietnam’s goal of direct US flights
• HCM City pulls plug on so-called electric cars
• VASCO takes over three Vietnam Airlines domestic routes

Banks taking over financial firms shapes a growing trend Posted: 26 Jan 2015 11:00 PM PST Marriages between banks and financial firms are forecast to be vibrant this year, but industry experts assume such deals could bring banks both advantages and disadvantages. Early this month, Vietnam Chemical Finance JSC (VCFC) announced the transfer of around 90 per cent of their stake to Techcombank, increasing the latter's total stake in VCFC to […] The post Banks taking over financial firms shapes a growing trend appeared first on Vietnam Business News.

SBV to boost Vietinbank, Vietcombank Posted: 26 Jan 2015 10:59 PM PST The State Bank of Viet Nam (SBV) wants Vietinbank and Vietcombank to become the leading banks of Viet Nam, and boost their scale at the regional level. SBV Governor Nguyen Van Binh made the announcement at a Vietinbank meeting on January 23, adding that this is part of a restructuring scheme for the domestic banking […] The post SBV to boost Vietinbank, Vietcombank appeared first on Vietnam Business News.

Vietnam imported US$2 billion in medication in 2014 Posted: 26 Jan 2015 10:58 PM PST Vietnam imported medicines worth US$2 billion last year, reflecting a year-on-year increase of 8.3%, chinhphu.vn website reports. According to the Vietnam Industry and Trade Information Centre, Vietnam imported medicines from 30 markets last year. Of these, medicines from India had the biggest market share at 13.1%, equivalent to $267 million, and growing by 7.75% from […] The post Vietnam imported US$2 billion in medication in 2014 appeared first on Vietnam Business News.

Challenges await banks this year Posted: 26 Jan 2015 10:57 PM PST Bankers said 2015 will remain a challenging year though some banks have reported higher earnings and there have been more positive signs in the local economy. Vietcombank, one of the banks with shares attractive to investors recently, posted last year's pre-tax profit of VND5.68 trillion, up 2% over the previous year. Military Bank earned VND3 […] The post Challenges await banks this year appeared first on Vietnam Business News.

Vietnam’s enterprises not yet ready for int’l integration Posted: 26 Jan 2015 10:56 PM PST While many businesses are struggling with the question “to be or not to be”, enormously important and volatile changes are soon to affect the economy of Vietnam. What are these changes? The ASEAN Economic Community (AEC) will begin in less than 12 months and the Trans-Pacific Partnership Agreement (TPP) is in the process of ending […] The post Vietnam's enterprises not yet ready for int'l integration appeared first on Vietnam Business News.

Foreign capital flows to stock market may slow on dollar appreciation Posted: 26 Jan 2015 10:51 PM PST Foreign investors' excess of sales over purchases in the stock market have been attributed to the appreciation of the US dollar. Analysts, reviewing the ups and downs of the stock market in 2014, discovered that foreign investors usually helped to increase sales when the dollar price rose in value. Though foreign investors' trading value accounts […] The post Foreign capital flows to stock market may slow on dollar appreciation appeared first on Vietnam Business News.

The unknown facts in the purchase of Nguyen Kim Posted: 26 Jan 2015 10:51 PM PST How much does the Central Group have to pay to acquire Nguyen Kim? Why has the Thai investor accepted to buy only 49 percent of Nguyen Kim's shares? Both questions remain unanswered. Nguyen Thi Hong, media director of Central Group Vietnam, confirmed that Power Buy, one of Central Group's subsidiaries, has finished negotiations to acquire […] The post The unknown facts in the purchase of Nguyen Kim appeared first on Vietnam Business News.

Boeing supports Vietnam’s goal of direct US flights Posted: 26 Jan 2015 10:50 PM PST The Civil Aviation Authority of Vietnam (CAAV) and Boeing has signed a Memorandum of Collaboration in support of Vietnam receiving category 1 approval by the United States Federal Aviation Administration (FAA). The Memorandum of Collaboration was signed in Hanoi on January 26 by representatives from the CAAV and Boeing, with Deputy Minister of Transport Nguyen […] The post Boeing supports Vietnam's goal of direct US flights appeared first on Vietnam Business News.

HCM City pulls plug on so-called electric cars Posted: 26 Jan 2015 10:39 PM PST Electric cars are proving popular in HCM City even though the authorities have yet to allow them to be registered for use due to concerns about safety and suitability to traffic conditions and drivers have been told to get off the road. “The cars are imported from China. We have just sold 12 out of […] The post HCM City pulls plug on so-called electric cars appeared first on Vietnam Business News.

VASCO takes over three Vietnam Airlines domestic routes Posted: 26 Jan 2015 10:38 PM PST The Vietnam Air Services Company (VASCO) replaced the national flag carrier Vietnam Airlines to offer flights on three domestic air routes beginning January 26. These include the Ho Chi Minh City-Rach Gia and Phu Quoc-Rach Gia-Can Tho routes. Moreover, VASCO will join Vietnam Airlines to offer other services on the HCM City-Phu Quoc flight route. […] The post VASCO takes over three Vietnam Airlines domestic routes appeared first on Vietnam Business News.

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., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States