Vietnam

More than 97% of Standard Chartered Bank customers in Vietnam were served within less than eight minutes since the initiative was implemented in July.

Bidv Binh Duong will provide a credit program worth 7.7 trillion dong in 2011-15 period to Becamex IDC.

Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.

Vietnam Eximbank is among the world’s top 25 banks with high growth rates, according to an international financial affairs publication.

Vietnam's central bank allowed Lien Viet Bank to change its name to Lien Viet Post Joint-Stock Commercial Bank after joining forces with Vietnam Post Corporation.

Nine commercial joint stock banks have joined the Smarlink connection in July.

LienVietPostBank made its debut in Hanoi on July 29.

The Military Bank signed a strategic contract with Deloitte Viet Nam for support in corporate governance and minimise business risks.

International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 2011.

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.

After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares to the Bank of Novascotia.

Dong A Bank posted a pretax profit of VND676 billion in the first six months, covering 52% of their annual target.

Overseas remittance via Vietnam banks is up.

BNP Paribas inked an agreement to raise its stake in Orient Commercial Bank from 15% to 20% after obtaining approval from the central bank. The French bank will acquire 27 million shares issued by OCB to increase its chartered capital from VND2.73 trillion to VND3 trillion. BNP Paribas has been the strategic foreign investor of OCB since 2007. The two banks now have strengthened cooperation in the area of trade finance, helping OCB to link with trade centers of BNP Paribas in 80 countries worldwide.

Ficombank inked a deal with  Remit2Vietnam in transferring remittances from overseas to Vietnam.