Asia Commercial Bank (ACB) and Prévior Vietnam Life Insurance Company have struck a deal to provide a free high-class health insurance product for 100 high-profile clients. The product is offered for 100 customers who have the highest transaction revenues at ACB and meet requirements of the insurer. The product enables them to reach one-year treatment in Vietnam, Thailand, France and Germany with... 

Commercial banks are striving to applying several risk control measures, essentially improving credit quality and reducing bad debt, as they confront a worsening problem with non-performing loans. The problem of non-performing loans turning into dead loans is predicted to worsen this year, when enterprises face more difficulties in carrying out their production and business operations. A senior official... 

Asia Commercial Bank (ACB) has announced to provide VND7 trillion worth of preferential loans for individual customers within this year. The program targets individuals, business households, small and medium-sized firms and those with house buying demands. To realize this target, ACB from late last week cut its average lending rate by up to 1.5 percentage points per annum compared to early this... 

The most worrying problem for the Vietnam’s national economy in the near future is not the high inflation, but the weak bank liquidity. Therefore, in order to stabilize the macro economy, it is necessary to improve the liquidity. High inflation no more a worry The inflation rate in Vietnam in 2011 reached 18 percent, the second highest level in the world. The high inflation has overshadowed the signals... 

Asia Commercial Bank (ACB) reports it will set aside US$100 million to lend exporters and importers with preferential rates. Those exporters and importers in need of working capital to produce goods or to make payment for material imports can borrow US dollars from ACB with preferential rates lower than the normal one. The special credit program focusing on a number of sectors such as rice, seafood,... 

Ho Chi Minh City-based Asia Commercial Bank (ACB) has kicked off a five-month credit program to support exports and imports, focusing on rice, fisheries, cashew nuts, petrol, plastics, steel and some other products. The non-State bank says it sets aside up to $100 million for the program, designed to provide soft loans to exporters and importers in Vietnam between this month and the end of June. ACB... 

Together with the dollar price increasing on both, the official and black markets, the foreign currency conversion fees have also escalated. This explains why people do not want to use international payment cards when traveling abroad as encouraged by the State Bank of Vietnam. The Asia Commercial Bank ACB is now charging the foreign currency conversion fee of 6 percent, while it previously charged... 

The gold investor who raised a lawsuit against Asia Commercial Bank (ACB) to claim compensation worth 8,450 gold taels ended up losing his case. The HCMC People’s Court on Monday ruled that the investor’s request was unfounded and the time allowed for the case had run out. The lawsuit was filed by an investor identified as Ng. demanding compensation of 2,700 gold taels from ACB. Also, he said... 

Many banks are considering easing their lending interest rates to support corporate clients given the dwindling borrowing demand, which barely increased in July. Several banks said disbursement in the recent past was very slow as enterprises could not afford high interest rates at a time business turns more difficult. Interest rate is falling Central bank governor Nguyen Van Binh has lately observed... 

The local gold price still fluctuated wildly on Tuesday, rising by VND1.5 million from the previous day to VND45.6 million a tael, but the difference between the local and global prices narrowed after the central bank swiftly announced gold import quotas. However, the dollar also entered the upward price spiral as bullion traders needed the greenback to import gold. The precious metal opened up strongly...