Vietnam Bank News

Vietnam Bank Directory

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates


Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Banking News & Financial Services News
Get the latest banking news headlines from Vietnammarkets.com. 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.

Singapore, Viet Nam state banks ink deal   2008-02-01 - VNS

The State Bank of Viet Nam (SBV) has signed a memorandum of understanding with its Singaporean counterpart to strengthen their co-operation, according to the SBV.


SINGAPORE — The State Bank of Viet Nam (SBV) has signed a memorandum of understanding with its Singaporean counterpart to strengthen their co-operation, according to the SBV.

Under the memorandum, which was inked on Wednesday, the two signatories will move to enhance supervisory co-operation and heighten the interaction of their banking sectors.

The deal is said to help prepare a Singaporean bank to set up a subsidiary in Viet Nam. The name of the bank was not disclosed.

The memorandum is a part of the Economic Connectivity Agreement between the governments of both nations.

Signed in December 2005 and revised in August last year, the agreement seeks to develop eight major sectors: finance, education, transportation, IT, investment, services and trade, infrastructure and ports and warehouses.

The latest deal was made easier by a memorandum signed last year between the stock exchanges of both Viet Nam and Singapore, aimed at fostering closer economic ties.


Other Banking News

State Bank raises prime rate   2008-01-31

State Bank rethinks controversial securities lending cap   2008-01-30

Banks set for new deposit interest war   2008-01-29

Central Bank sets limits on local gold production   2008-01-28

Bank Directory

State Bank allocates 62 tonnes in gold quota to country's suppliers   2008-01-25

Agribank to delay IPO, sell off in-house financing   2008-01-25

DongA’s gets new members   2008-01-24

Techcombank’s profit jumps 131 percent   2008-01-24

Banks Eyeing Real Estate Instead of Stock Market   2008-01-23

Banks hike deposit rates to meet loan demand   2008-01-23

OceanBank to raise charter capital   2008-01-23

All Agribank affiliates to go public in 2008   2008-01-22

State Bank mulls lifting controversial lending cap   2008-01-22

Sacombank funds EVN power plan   2008-01-21