* BIDV, TienPhong Bank cooperation deal Bank for Investment and Development of Vietnam, or BIDV, has plans to inject over VND5.19 trillion into its charter capital this year by paying stock dividend and selling shares to existing shareholders. BIDV expects to spur its capital to VND28.2 trillion by the end of the year against the current level of VND23 trillion. To realize this target, the bank will... 

BIDV and VietinBank reduced their deposit rates on Thursday after Vietcombank had officially brought down its deposit rates on Monday, signaling lending rate cuts in the coming days. A press release from VietinBank says that the bank now quotes the interest rate for dong deposits of less than 12 months at 7% per annum, or 0.5 percentage point lower than the ceiling rate. Meanwhile, BIDV on Wednessday... 

Under the deal the bank cut with the Ministry of Construction in Hanoi on Friday, BIDV will provide over VND10 trillion worth of middle- and long-term loans with preferential interest rates for low-cost home developers, and nearly VND20 trillion for home buyers. This is the biggest credit package ever for the property sector. Specifically, project owners will be offered loans of up to VND10.5 trillion,... 

Bank for Investment and Development of Vietnam (BIDV) has marked its presence in Europe with the opening of a representative office in Czech Republic’s capital Prague last week. It’s the second Vietnamese bank to have a European branch after Vietnam Bank for Industry and Trade (VietinBank), which has branches in Frankfurt and Berlin in Germany. According to BIDV, the representative office aims... 

Over 2.3 billion shares of Bank for Investment and Development of Vietnam (BIDV) were not listed on the Hochiminh Stock Exchange (HSX) in the third quarter as planned as the starting price had not been set. This is the second time that BIDV had missed the listing schedule. Early this year, BIDV chairman Tran Bac Ha said the bank would list shares in June, but the listing was then delayed until the... 

Bank for Investment and Development of Vietnam (BIDV) said it had sold out VND2.03 trillion worth of corporate bonds with terms of 2-3 years. This is the biggest issuance of corporate bonds in Vietnam dong this year and is the first bond sale by BIDV in 2012. The bonds are unsecured and not secondary debts of the issuer. BIDV will use the money raised from the bond sale to supplement its middle- and... 

Bank for Investment and Development of Vietnam (BIDV) and Vietnam Electronic Payment Joint Stock Company (VIETPAY) will launch VIETPAY e-payment service at BIDV’s 600 transaction points nationwide from early June. Customers who are retailers of VIETPAY sim card may top-up their VIETPAY sim accounts via BIDV anytime. Payments can be done via the bank’s online or mobile banking services and VIETPAY’s... 

Construction and steel sectors have the most overdue loans in the Bank for Investment and Development of Vietnam (BIDV), the lender said in a seminar last weekend. The bank reported total outstanding loans for corporate clients in key sectors had reached nearly VND271.73 trillion by end-December last year, up 11.7% against 2010. Of this number, overdue loans were mostly taken out by customers in construction... 

* BIDV supports Mekong Delta to export farm produce In an effort to prop up the stagnant real estate market, Bank for Investment and Development of Vietnam (BIDV) has proposed establishing a business club grouping developers, contractors, suppliers and the bank itself, BIDV chairman Tran Bac Ha told a conference in HCMC last weekend. Speaking at the conference hosted by the HCMC Real Estate Association... 

Bank for Investment and Development of Vietnam (BIDV) has expressed confidence that its stock would rise sharply when it is traded on the southern bourse this June. The bank’s chairman, Tran Bac Ha, told shareholders at a meeting in Hanoi on Thursday: “We promise that when listed on the bourse, BIDV shares will rise by an average of 150%, buoyed by prospective market prices and dividends.” The...