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Banks are on the race of attracting capital so interest rates are expected to rise slightly

Although credit growth of banks to raise capital is increased, the race for deposit will not reduce the "hot" and still remains liquidity risks.

Russia central bank accredits Vietnam's BIDV to work in Russia

Russia's central bank said on Thursday it had accredited Bank for Investment and Development of Vietnam (BIDV), the first bank from the Asian country to be represented on the Russian market.

BIDV - MHB merger official

The Bank for Investment and Development of Vietnam (BIDV) has officially announced its merger with the Mekong Housing Bank (MHB), with the entity to acquire the name and legal status of BIDV and be located at its headquarters.

BIDV, MetLife to Establish Life Insurance Joint Venture

July 27, 2013 (Vietnamica) – On the occasion of the visit of Vietnam’s President of State Truong Tan Sang to the United States, the Bank for Investment and Development of Vietnam (BIDV) and American MetLife Inc. have signed a Memorandum of Understanding on establishing a life insurance joint venture in Vietnam.

BIDV continues to lower deposit rate to 5pct/yr

In its new deposit rate benchmark, effective from July 15, Commercial Joint Stock Bank for Investment and Development of Vietnam (Bidv) applied the deposit rate for one month term at 5 percent per year.
Others:
  • BIDV raises chartered capital to Laos-Vietnam Bank
  • Banks shoot to minimise risks, bad debt
  • Weak bank identities kept confidential
  • Many Vietnamese banks report 2011 profits of trillions of dong
  • BIDV sets IPO share price at $0.88
  • BIDV gets gov’t approval for IPO share price
  • BIDV’s VND5 trillion credit for Ficombank
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