Vietnam Bank for Industry and Trade, or VietinBank, on Monday signed an agreement to borrow around US$155 million from two German banks, Dusseldorf branch of Sumitomo Mitsui Banking Corporation (SMBC) and KfW IPEX-Bank GmbH. According to a statement released by VietinBank on Monday, Euler Hermes, an export insurance company of the German government, provides insurance service of up to 85% of the... 

Sumitomo Mitsui Banking Corporation’s (SMBC) branches have become the largest foreign bank branches in Vietnam in terms of charter capital, which was just raised to $335 million for the Hanoi branch and $165 million for the Ho Chi Minh City branch, from an original $15 million each. Masaya Hirayama, general manager of the Japanese bank in Vietnam talks with Vietnam Investment Review about the branches’... 

Japanese and Australian stocks pushed higher on Friday on positive signals from both economies, even as rising uncertainty about Egypt kept oil prices around the $100 mark. With most other Asian markets closed for Lunar New Year, Tokyo’s Nikkei index ended the session up 1.08 per cent, or 112.16 points, at 10,543.52 points, while Sydney’s S&P/ASX 200 index rose 0.87 per cent, or 42.1... 

The Viet Nam National Oil and Gas Group (PetroVietnam) signed ISDA master agreements with three foreign banks to limit risks on interest rate and currency exchange rate rises. The banks were France’s BNP Paribas, Japan’s Sumitomo Mitsui Banking Corporation (SMBC), and Standard Chartered Bank of the UK. The International Swaps and Derivatives Association (ISDA), a trade organisation for...