Japan Desk in Hanoi in November and opened a branch in Ho Chi Minh City in July to accelerate the provision of banking products and services in the Japanese language.
Vietnamese investors in Cambodia include the Viet Nam Military Telecom Corporation (Viettel), BIDV
, the Viet Nam Coal and Minerals Corporation (Vinacomin), Viet Nam Airlines and Hoang Anh Gia Lai group.
Explaining the reason for the market craze, Pham Van Thanh Dung, an employee at BIDV
Securities, said, ''The Vietnamese are so enthusiastic when it comes to gambling.
is one of the leading retail banks in Vietnam.
enjoyed potentially extraordinary support from the Government of Viet Nam if the bank faced financial distress, given BIDV
's systemic importance and majority State ownership.
The contract with BIDV
further strengthens our position in two of our strategically chosen markets: Bank telephony networks and the emerging Vietnam ICT market.
The Bank for Investment and Development of Vietnam Insurance Co (BIC), the insurance arm of Hanoi-based BIDV
, is to sell about 41 million new shares to foreign strategic investors.
Vietnam News understands that BIDV
- QBE - a joint venture insurer between the Bank for Investment and Development of Vietnam (BIDV
) and Australia's QBE - are negotiating a take-over of Allianz VN.
has signed a memorandum of understanding (MOU) with two Japanese banks, Minato Bank and the Bank of Yokohama (BOY) to strengthen support provided to Japanese customers in Vietnam.
The acquisition would make Sacombank Vietnam's fifth-leading lender in term of assets behind the four state-owned major banks Agribank, BIDV
, Vietcombank, and Vietinbank.
, one of the four top state-run commercial banks in Vietnam, has already forged partnership with the Japan Bank for International Cooperation and Shinkin Central Bank.
Eximbank had made known its plans to shed 1,000 workers off its workforce, while Vietinbank, BIDV
, ACB and SHB have pared down their employee numbers by as much as 1,200.