Vietnam

Gia Dinh Bank will continue issuing short-term bills of exchange for the second time in 2011.

Cisco implemented its technologies and solutions in retail banking at SeABank.

The State Bank of Viet Nam warned leaders of Kien Long Bank and Western Bank for interest rate violations.

MoneyGram International expanded its presence in Vietnam by introducing the first money transfer platform with DongA Bank.

Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.

Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.

Vietnam International Bank, Military Bank, Techcombank, Sacombank and Asia Commercial Bank are being blamed for a loss of around US$7.6 million to the state budget.

Vietnam's commercial banks want the latest technologies for security solutions for ATM cards due to the rising number of cases of ATM demolition and money theft.

Mizuho Corporate Bank will provide financial services for Vinacomin's investment projects.

Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.

Duc Long Gia Lai Group signed the credit contract for upgrading and expanding National Highway No 14  with Vietinbank. The project will be conducted under BOT method.

Standard Chartered Bank Vietnam became the first international bank to join the Smartlink card alliance network.

GPBank signed the contract for setting up comprehensive cooperation relationship with National Securities Incorporated.

Vietnam's commercial banks will double compulsory reserves if they fail to reduce the proportion of outstanding loans made to the non – manufacturing sector. The State Bank of Viet Nam ordered it reduced to 22 per cent by June and 16 per cent by the end of the year.

Western Bank announced that it officially hiked its chartered capital from US$95.79 million to US$143.68 million via issuing shares to public.

China’s Bank of Communications expanded in Vietnam with its Ho Chi Minh City branch. It has a charter capital of US$30 million.