Vietnam Bank News

Vietnam Bank Directory

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Find in-depth Vietnam coverage from banking, investing, financial, stock market, and more abou Vietnam banking system, bank for industry and trade, Vietnam banking sector.

Banks finance Vietnam coal group   2008-09-17 - ThanhNien

Leaders of the financial institutions and Vinacomin sign the US$58 million Syndicated Term Loan Facility at a ceremony held in Hanoi.  
A group of four foreign banks Tuesday signed off on a finance package worth US$58 million with the Vietnamese state-owned coal group Vinacomin.



The group is comprised of Standard Chartered Bank, Cathay United Bank’s Chu Lai branch, Malayan Banking Berhad and Bank of China’s Ho Chi Minh City branch.

Standard Chartered said it also signed a Memorandum of Understanding with Vinacomin under which the lender would help raise funds from the capital market to finance Vinacomin’s forthcoming investment in coal production, bauxite mining and power plants.

In addition, the bank would offer Vinacomin financial solutions covering risk and liquidity management, training and other areas of interest.

Vinacomin is a 100 percent state-owned enterprise, created through a reorganization of the operations of Vietnam Coal Cooperation and Vietnam Minerals Cooperation in December 2005.

In related news, Standard Chartered recently said it plans to open 30 branches in Vietnam over the next four years following central bank approval last week to become the first 100 percent foreign-owned bank to incorporate its local operation in Vietnam.

Other Banking News

Who protects gold investors?   2008-09-15

Banks look to absorb credit losses   2008-09-14

Vietnam banking sector after two years of joining WTO   2008-09-14

Foreign banks won’t dominate local market   2008-09-12

Prince Andrew busy with business events   2008-09-10

Fiercer competition in banking system kicks-off   2008-09-10

Fiercer competition in banking system kicks-off   2008-09-10

Increasing banks’ capital: step backwards or march forward?   2008-09-09

Banks pour hundreds billions VND into stocks   2008-09-09

Bank lifts poor from poverty   2008-09-09

Bank liquidity up, central bank says   2008-09-05

Foreign banks raise the bar for local finance firms   2008-09-04

Commercial banks reduce lending interest rates   2008-09-02

New ground of interest rates taking shape   2008-09-01