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CNBThuan.gifThe State Bank of Vietnam (SBV) will provide funds to ensure commercial banks maintain adequate liquidity as it tightens monetary policy, it said in a statement posted on its Web site late Tuesday. The central bank will help commercial banks obtain funds by mortgaging their securities with it and through credit contracts, the statement said. There are currently 90 commercial banks licensed to operate in Vietnam.
Sacombank_Building.gifHochiminh City, 16 May 2008: The Sacombank Financial Group makes its official debut today. The Group holds a charter capital of more than VND 5.200 billion, total assets of VND 79.915 billion with 6,500 employees (as at end-March 2008). On the same day, the Group celebrates the official opening of its Head Office Tower. Initially, the Sacombank Financial Group shall comprise of two main classes of members: subsidiaries and strategic partners who are associates and allies. Sacombank will be the nucleus of the Group.
khuyen_mai.jpgBetween 16 May to 19 July 2008, Saigon Thuong Tin Joint Stock Bank (Sacombank) will launch a savings plan that entitles depositors to enter the “Bountiful Gifts Lucky Draw”. The total value of prizes is VND 3 billion. The special prize is a BMW car valued at VND 1.4 billion plus many more attractive gifts.
gdtaisbs.gifThe selling on the Ho Chi Minh Stock Exchange continued Monday where it left off after last week’s carnage, falling to below 500 points for the first time this year. The VN-Index began to fall as soon as trading opened and finally dosed 8.29 points, or 1.65 percent, down at 492.04. Trading volumes remained very low as a mere 2.2 million shares were traded for VND102 billion (US$6.3 million). Of the 154 stocks listed on the exchange, 152 lost.
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