Wednesday, July 17, 2019 9:47:16 PM - Markets open
VN-INDEX 982.57 +0.46/+0.05%
HNX-INDEX 106.58 +0.73/+0.69%
UPCOM-INDEX 57.05 -0.25/-0.44%
PM pledges optimal conditions for Japanese MUFG Bank in Vietnam
VietnamPlus - 2/22/2019 3:25:23 PM
 (0 ratings. You must sign in to rate.)
 The Vietnamese Government is committed to creating the best conditions for foreign firms, including MUFG Bank, to operate in Vietnam, stated Prime Minister Nguyen Xuan Phuc at a meeting with Kanetsugu Mike, President and CEO of the Japanese largest bank in Hanoi on February 22.
The PM congratulated MUFG Bank on its success in Vietnam as a key partner and strategic shareholder of the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank).
He highlighted the progress of the Vietnam-Japan strategic partnership in various fields, including finance and banking.
Kanetsugu Mike said that since MUFG Bank entered Vietnam in 1996, it has received support from local governments, ministries and sectors.
He noted that many Japanese firms have chosen to invest in Vietnam as in the recent five years, the number of MUFG Bank’s Japanese customers investing in Vietnam has surged.
Additionally, Vietinbank has met the Basel II international standards, making important contributions to Vietnamese economic development.
As a strategic shareholder of Vietinbank, MUFG is willing to help Vietinbank increase its charter capital to facilitate business efficiency, he said, expressing his hope for the Vietnamese Government’s support for the move.
He also called for the Government’s assistance to other commercial banks of Vietnam to raise charter capital, which he said that will effectively contribute to the growth of Vietnam.
Lauding the suggestions of the MUFG Bank leader, the Vietnamese PM affirmed that the Government works hard to support all banks, including Vietinbank.
The government has designed a strategy to develop the banking sector towards the top four in ASEAN.
Underlining development achievements Vietnam has made over the years, PM Phuc hailed official development assistance from the Japanese government as well as the investment of Japanese businesses.
However, the PM showed his hope that Japanese firms will invest more in Vietnam with larger projects, thus making Japan the top foreign investor in the country.
He called for MUFG Bank and the CEO continued support to Vietinbank to enhance its management capacity and service quality.
Kanetsugu Mike pledged stronger collaboration with Vietinbank, expressing his belief that the Government and economy of Vietnam will continue to develop strongly.
He said that he hopes the Vietnamese Government will continue backing financial institutions and banks of Japan to invest more in Vietnam’s banking sector, while stressing the need for more investment promotion events.-VNA
Read original article here
Newer News
12:56 Reference exchange rate goes up 6 VND on July 17
16/07 Reference exchange rate goes down by 1 VND on July 16
15/07 Reference exchange rate revised up 4 VND on July 15
14/07 Credit institutions warned about P2P lending
13/07 State budget revenue rises 13.2 percent in six months
12/07 Reference exchange rate revised down 5 VND on July 12
11/07 Reference exchange rate goes down by 15 VND on July 11
10/07 Central bank to keep monetary policy on hold through 2019
09/07 Reference exchange rate up on July 9
08/07 Reference exchange rate up 12 VND at week’s beginning
Older News
20/02 Bank liquidity abundant after Tet
19/02 Reference exchange rate down 6 VND
18/02 Deposit rate forecast to stay steady over next few months
18/02 Reference exchange rate down at week’s beginning
14/02 Reference exchange rate remains stable
13/02 Reference exchange rate continues increasing
13/02 VPB: VPBank named in Top 500 valuable bank brands for first time
12/02 Reference exchange rate up on first day after Tet
11/02 Banks expected to maintain good performance in 2019
31/01 Reference exchange rate unchanged on January 31
Newsletter Signup
Top Stories
Credit institutions warned about P2P lending
CPTPP boosts export opportunities in Japan
Deutsche Bank's restructuring not expected to harm VN market
VN to boost professional real estate brokers
Việt Nam's insurance industry keeps thriving in H1 2019
Market Update
Last updated at 3:09:27 PM
VN-INDEX 982.57 +0.46/+0.05%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.