Ernst & Young Vietnam Co. Ltd. – a consulting, audit and tax service provider – on Tuesday clinched a deal with Bank for Investment and Development of Vietnam (BIDV) to help the lender improve credit management capability in a rural finance project. Under the agreement, the company will support the bank in building a credit management framework from the Third Rural Finance Project funded... 

Bank for Investment and Development of Vietnam (BIDV) last week signed a cooperation agreement with Social Insurance to help the latter manage accounts in the bank’s network. Under the agreement, Social Insurance will open accounts at BIDV branches to collect social, unemployment and health insurance premiums from State agencies. The deal will enable supervision and fast mobilization of insurance... 

BIDV Financial Leasing One Member Co. Ltd. (BLC), which is 100% owned by Bank for Investment and Development of Vietnam (BIDV), was inaugurated on Monday with chartered capital of VND447.8 billion. According to BLC leaders, this is the result of merging the two financial leasing companies of BLC and BLC II to simplify the management machine and prevent unnecessary cannibalism between them. The new... 

There had been 16,238 investors registering to bid for shares in an initial public offering (IPO) by Bank for Investment and Development of Vietnam (BIDV) by last Friday, according to the Hanoi Stock Exchange (HNX). Some 16,109 individuals and 129 organizations have registered for buying 101,809,100 and 39,066,000 shares respectively, 66.2% higher than the volume offered. The volume registered by individuals... 

The fact that the Bank for Investment and Development of Vietnam BIDV announced the interest rate reductions for some subjects of lenders, has sparked a hope that the market interest rates begin decreasing. BIDV on December 15 announced the interest rate reduction to 14-14.5 percent per annum applied to the loans to fund exports and the loans to the agricultural sector, small and medium enterprises... 

The well-known global credit rating firm Moody’s has assessed equitization plan of the Bank for Investment and Development of Vietnam (BIDV) as credit positive. In its weekly Global Credit Research, Moody’s commented that equitization will help BIDV improve its capital base and adequacy, bring positive structure changes as well as enhance its financial and management transparency. Besides, the... 

Bank for Investment and Development of Vietnam (BIDV) will promote the investment in the two new markets of Myanmar and the Czech Republic, said Chairman Tran Bac Ha on the bank’s road show to promote its initial public offering (IPO) on Sunday. Ha deemed Myanmar a potential market with great economic openness after 30 years of underdevelopment. As for the Czech Republic, BIDV was now promoting... 

Bank for Investment and Development of Vietnam (BIDV) told a news briefing in Hanoi on Tuesday that it had got the nod from the Government to fix the starting share price at VND18,500 for its forthcoming initial public offering (IPO). The nation’s second biggest bank by assets will become the third largest State-owned bank undergoing equitization this year after Bank for Foreign Trade of Vietnam... 

Struggling with liquidity problems, Ficombank, TinNghiaBank and Saigon Commercial Bank (SCB) on Tuesday afternoon clinched a deal under which they will be merged over a period of three years to create a new institution with a stronger financial position. The signing of the merger agreement took place after the central bank governor, Nguyen Van Binh, told the media at a meeting at the Ministry of... 

BIDV, Vietnam’s second-largest lender by assets, said on Tuesday it has set the starting price for its initial public offering at 18,500 dong ($0.88) a share, lower than those of several major listed banks. The Hanoi-based lender, formally known as the Bank for Investment and Development of Vietnam, is selling a 3 percent stake, or 84.75 million shares, after securing the government’s...