Construction Bank resumes loaning

Construction Bank (CB) yesterday afternoon said that the State Bank of Vietnam (SBV) has permitted it to restart loaning a year after a zero dong purchase deal.
 
CB, formerly Vietnam Construction Bank, is one of three banks that SBV purchased at zero dong for underperformance and liquidity risks.
 
In March last year, SBV took the possession of the bank and renamed Construction Bank with the comprehensive assistance by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).

By Hanh Nhung – Translated by Hai Mien

Other news

Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market