Mr. Dao Minh Tu, Standing Vice Governor of the State Bank of Vietnam (SBV) and Chairman of the Vietnam Bank Union, presented the banking industry’s donation of VND 38.4 billion. (Photo: SBV)
In the afternoon of September 10, the Presidium of the Vietnam Fatherland Front Central Committee organized a ceremony to call for donations for people affected by the third storm.
At the ceremony, delegates enthusiastically responded to the appeal with both cash and in-kind donations. Notably, Mr. Dao Minh Tu, Standing Vice Governor of the State Bank of Vietnam and Chairman of the Vietnam Bank Union, presented a donation of VND 38.4 billion on behalf of the banking industry.
Specifically, each of the following banks donated VND 2 billion: Vietnam Bank for Agriculture and Rural Development (Agribank); Vietnam Bank for Investment and Development (BIDV); Vietnam Industry and Trade Bank (VietinBank); Vietnam Foreign Trade Joint Stock Bank (Vietcombank); Military Bank (MB); Vietnam Prosperity Joint-Stock Commercial Bank (VPBank); Saigon-Hanoi Commercial Joint Stock Bank (SHB); Asia Commercial Bank (ACB); Vietnam Export Import Commercial Joint Stock Bank (Eximbank); Loc Phat Bank (LPBank); Tien Phong Commercial Joint Stock Bank (TPBank); Southeast Asia Commercial Joint Stock Bank (SeABank); North Asia Commercial Joint Stock Bank (Bac A Bank); Vietnam International Commercial Joint Stock Bank (VIB); Nam A Commercial Joint Stock Bank (Nam A Bank); Woori Bank Vietnam Limited Liability One-Member Company.
Three banks, each donating VND 1 billion: Maritime Bank (MSB); Bao Viet Bank (BAOVIET Bank); Shinhan Vietnam Bank.
Two banks, each donating VND 500 million: An Binh Commercial Joint Stock Bank (ABBank), Viet A Commercial Joint Stock Bank (Viet A Bank)
And finally, two banks, each donating VND 200 million: Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank); Kien Long Commercial Joint Stock Bank (Kienlongbank)
Former Eximbank Branch Deputy Director Faces Trial for $117 Million Fraud
As the former Vice Director of the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) – Ba Dinh Branch, accused Vu Thi Thu Nhung, employed a myriad of deceptive tactics to defraud 100 victims of 2.7 trillion VND. The funds were purportedly intended for bank deposits and the purchase of auctioned assets.
The Longest Sea Bridge in Vietnam, Connecting the City Center to the Billion-Dollar Peninsula
The Thi Nai Bridge, spanning the Thi Nai Lagoon in Quy Nhon City, Binh Dinh Province, once boasted the title of Vietnam’s longest bridge for a decade. This impressive structure connects the vibrant city of Quy Nhon to the peninsula of Phuong Mai, a region brimming with untapped economic, social, and tourism potential.
“SHB: Empowering FDI Enterprises with Tailored Financial Solutions”
The influx of FDI into Vietnam presents a significant opportunity for the economy as a whole and, more specifically, for domestic banks. With their deep understanding of the local market, culture, and people, these banks are ideally positioned to support and facilitate the expansion and growth of FDI enterprises in the region. This unique advantage cannot be overstated, as it enables a level of assistance and ease of doing business that foreign investors may not find elsewhere.
Foreign Investment Attraction Reaches $20.52 Billion in the First Eight Months of 2024, a 7% Increase Year-over-Year
As of August 31, 2022, foreign investment in Vietnam reached a remarkable $20.52 billion, according to the General Statistics Office. This figure includes newly registered capital, additional capital, and capital contributions and share purchases by foreign investors. It represents a significant 7% increase compared to the same period last year, showcasing Vietnam’s growing appeal as a global investment destination.
The Ultimate Guide to Stockpiling: Preparing for Super Typhoon Yagi
As per the rapid report by the Department of Industry and Trade, major production and distribution enterprises in the affected areas have stockpiled essential commodities for 5-10 days in preparation for Super Typhoon Yagi.
