Vietnam-Russia bank opens third branch

The Vietnam-Russia Joint Venture Bank (VRB) officially opened its third Vietnam branch in the central city of Da Nang on Oct. 15.

After nearly two years of operation, the VRB has acquired a total asset value of 4.5 trillion VND and mobilised total capital of over 3 trillion VND.

The VRB raised its charter capital to 1 trillion VND in the second quarter of this year as planned and is committed to increasing it to 200 million USD (more than 3.19 trillion VND) by 2010.

VNA

>   On-line conference on global credit crunch to open (15/10/2008)

>   Bank wins golden cup of best retailer (15/10/2008)

>   Vietnam’s bonds gain on speculation foreigners reduced sales (15/10/2008)

>   MOC wants water price increase, MOF doesn’t (15/10/2008)

>   VND deposits preferred to US$ (15/10/2008)

>   Speech by SBV Governor at closing session of IMF/WB Annual Meeting 2008 (15/10/2008)

>   Vietnam to chair IMF/WB 2009 Annual and Spring Meetings (15/10/2008)

>   Flexible tightened monetary policies needed: expert (15/10/2008)

>   Prices to cool down in Q4 (15/10/2008)

>   Ministry plans tariff rise for fixed phones (14/10/2008)