SBV names banks permitted to guarantee future properties

The State Bank of Vietnam (SBV) yesterday announced the list of 33 commercial banks eligible to stand security for investors of future property projects.

An apartment block for medium income people in District 7, HCMC (Photo: SGGP)

They comprise Agribank, VietinBank, Vietcombank, BIDV, ABBank, LienVietPostBank, ACB, PGBank, PVCombank, SCB, TPBank, VietA Bank, Sacombank, BaoViet Bank, Viet Capital Bank, MB, HDBank, VPBank, Techcombank, MaritimesBank, DongA Bank, NCB, BacA Bank, SHB, ANZ Vietnam, Hong Leong Vietnam, HSBC Vietnam, Shinhan Vietnam, Standard Chartered, Indovina Bank Limited, VID Public Bank, Vietnam - Russia Joint Venture Bank, and VinasiamBank.

On the same day, SBV also sent a document proposing commercial banks to lower interest rates of working capital loans for offshore fishing to 6.5 percent from the current rate of 7 percent a year.

By Ham Yen – Translated by Hai Mien

Other news


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


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

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).