Vietnam

Vietnam has been selected by the Export-Import Bank of the United States (Ex-Im Bank) as one of nine key emerging markets that will boost American exports and support job creation.

Standard & Poor’s assigned its ‘B+’ long-term and ‘B’ short-term counterparty credit ratings to Sacombank.

ANZ Banking Group has developed a new strategy to boost investment and trade cooperation between foreign companies and their Vietnamese counterparts.

Dai-ichi Vietnam can now sell its life insurance products through the Sacombank's network.

VietinBank offically opened a branch in the Lao People’s Democratic Republic.

Vietnam’s largest bank is about to shed non-essential operations as it moves towards becoming a completely commercial bank.

Vietnam may approve the plan to restructure Agribank this February, wherein it reverts its focus to agriculture and rural development.

Vietinbank signed a US$100 million loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong.

The International Finance Corporation raised the trade finance limit in Lien Viet Post Commercial Bank from US$5 million to $20 million.

Vietnam's Ministry of Labour, Invalid and Social Affairs has announced that labourers’ average salary reached US$182.54 per month in 2011.

Vietnam's PM has issued a Decision adjusting the chartered capital and structure of the chartered capital of Mekong Delta Housing Development Bank.

VietinBank and Vinacomin have signed a credit contract worth $100 million to finance Nhan Co aluminum factory.

DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.

A favourable business environment is urging many Vietnamese banks to invest in Cambodia this year.

LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.

DongA Bank's pretax profit increased 46.3% to VND1.255 trillion in 2011.