banking
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Momo: Meet Vietnam’s Venmo
June 07, 2016 Vietnamese fintech disruptor Momo has been lauded as Vietnam’s Venmo. Early in March, it raised a $28M round of investment from London-based Standard Chartered Bank and New York-based Goldman Sachs.
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Vietnam Strategy – Strong Earnings Will Drive Market Up 18 – 20%
May 09, 2016 The VN-Index finished 2015 with a disappointing 1% increase for the second half and 6.4% for the year. The outlook for 2016 looks better, but with risk. We expect strong earnings growth, driven by an emerging consumer and strong manufacturing.
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Strong Customer Loans Lead to Strong Bank Growth
March 07, 2016 ACB released unaudited consolidation numbers in line with EBT grew slightly. Customer loans and deposits increased moderately. NII recovered however total non-interest income dropped significantly. Overall provision rose also.
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Banking Sector Research
September 3, 2015. VAMC regime significantly eased with significant powers returned to banks “SBV released Circular 14/2015/TT-NHNN on 28 August supplementing and amending Circular 19/2013/TT-NHNN regarding the purchase, sale and resolution of acquired impaired loans. In addition to special bonds issued in the past, this new circular lays out new regulations regarding VAMC bonds issued
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Fruitful Month for Bond Issuers
November 15, 2015 G-bond issuance tripled over a one-month period with the success ratio at its highest level since March. Of note, 5Y tenors constituted 88% of total uptake (up 250% MoM) and the market seems satisfied with yields tracking circa 6.6%. G-backed bonds also enjoyed the best monthly performance so far this year as
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