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Bank For Investment And Development Of Vietnam
BIDV or fully the Joint Stock Commercial Bank for Investment and Development of Vietnam () is a Vietnamese state-owned bank in Vietnam. It is the country's biggest bank by assets ($72 billion USD) as of June 2021. According to the United Nations Development Programme report on the 100 largest enterprises in Vietnam, BIDV is in the 4th position after Agribank, VNPT, and EVN. BIDV received Asia Risk Magazine's House of the Year Award for being at the forefront of the country's economic development by modernizing its risk management and developing new financial products like energy derivatives hedges. History BIDV was established on 26 April 1957 as the Bank for Construction of Vietnam (Ngân hàng Kiến thiết Việt Nam), under which name it operated until 24 June 1981, at which point it changed its name to the Bank for Investment and Construction of Vietnam (Ngân hàng Đầu tư và Xây dựng Việt Nam). It adopted its present name on 14 November 1990. In January 2007 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Bank
A public bank is a bank, a financial institution, in which a State (polity), state, municipality, or public actors are the owners. It is an enterprise under government control.Banque publique : une entreprise bancaire qui dépend de l'État - ComprendreChoisir.com Prominent among current public banking models are the Bank of North Dakota, the Sparkassen-Finanzgruppe in Germany, and many nations' Postal savings system, postal bank systems. Public or 'state-owned' banks proliferated globally in the late 19th and early 20th centuries as vital agents of industrialisation in capitalist and socialist countries alike; as late as 2012, state banks still owned and controlled up to 25 per cent of total global banking assets. Proponents of public banking argue that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset-based Lending
Asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-based loan. More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans. Typically, the different types of asset-based loans include accounts receivable financing, inventory financing, equipment financing, or real estate financing. Asset-based lending in this more specific sense is possible only in certain countries whose legal systems allow borrowers to pledge such assets to lenders as collateral for loans (through the creation of enforceable security interests). Usage Asset-based lending is usually done when the normal routes of raising funds is not possible, such as the capital markets (selling bonds to investors) and normal unsecured or mortgage secured bank. This is often because the company has exhausted other capital rai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lunar New Year
Lunar New Year is the beginning of a new year based on lunar calendars or, informally, lunisolar calendars. Lunar calendar years begin with a new moon and have a fixed number of lunar months, usually twelve, in contrast to lunisolar calendar years which have a variable number of lunar months that periodically resynchronise with the solar year. The event is celebrated by numerous cultures in various ways at different dates. The determination of the first day of a new lunar year or lunisolar year varies by culture. Better-known lunar new year celebrations include that based on the (lunar) Islamic calendar which originated in the Middle East. Lunisolar new year celebrations include that of the (lunisolar) Hebrew calendar from same region; the (lunisolar) Chinese calendar and Tibetan calendar of East Asia; and the (lunisolar) Buddhist and Hindu calendars of South and Southeast Asia. In 2023, the United Nations General Assembly recognized the Spring Festival that coincides with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnam Posts And Telecommunications Group
Vietnam Posts and Telecommunications Group (), operating as its initialism VNPT, is a telecommunications company, owned by the Ministry of Finance, and was once the national post office of Vietnam. According to a list of UNDP in 2007, it is the second-largest company in Vietnam. It owns VinaPhone, one of the three largest mobile network operators in Vietnam. VNPT was established on 30 April 1995. On 26 March 2006, it was formally restructured and operated under a new model. According to the decision of the Prime Minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ..., VNPT converted from the Corporation model to the Group model. On 24 June 2010, VNPT changed its operating mode. According to Decision No. 955/QD-TTg of the Prime Minister of Vietnam, VNPT converted to a sing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PetroVietnam
Petrovietnam (PVN), formally the Vietnam National Industry - Energy Group () and formerly the Vietnam Oil and Gas Group ( or ), is the state-owned national oil, gas and energy industry corporation of Vietnam. Petrovietnam has developed rapidly since it was established in 1975, and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to storage, processing, transportation, distribution and services. Wholly owned by the Vietnamese central government, it is responsible for all oil and gas resources in the country and has become its country's largest oil producer and second-largest power producer. Operations Petrovietnam also carries out exploration activities in Malaysia, Indonesia, Mongolia, Myanmar and Algeria, and recovers oil in Iraq and Malaysia. International cooperation In order to help pay for the costs stemming from the Deepwater Horizon explosion, BP plans to sell i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnam Airlines
Vietnam Airlines () is the flag carrier of Vietnam. The airline was founded in 1956 and later established as a Government-owned corporation, state-owned enterprise in April 1989. Vietnam Airlines is headquartered in Long Biên district, Hanoi, with Airline hub, hubs at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City. The airline flies 117 routes across 19 countries, excluding Codeshare agreement, codeshared services. From its inception until the early 1990s, Vietnam Airlines was a minor carrier within the aviation industry as it was hampered by a variety of factors including the socio-economic and political situation of the country. With the government's normalization of United States–Vietnam relations, relations with the United States, the airline could expand, improve its products and services, and modernize its ageing fleet. In 1996, the Vietnamese government brought together 20 service companies to form Vietnam Airlines C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnam Electricity
Vietnam Electricity (EVN; ) is the national and the sole public power company in Vietnam. It was established by the government of Vietnam as a state-owned company in 1994, and has operated officially as a one-member limited liability company since 2010. History In 1994, the Vietnam electricity sector consolidated the electricity generation, transmission and distribution units to establish the Vietnam Electricity Corporation. Also in this year, the 500kV North-South transmission line was put into operation, connecting the power systems of the three regions of North, Central and South into a unified power system for the whole country. Before 2006, the Vietnam electricity sector operated under a parent-subsidiary model, with the Vietnam Electricity Corporation as the parent company. Then, on June 22, 2006, this corporation was converted into the Vietnam Electricity Group (EVN). On June 25, 2010, the Prime Minister of Vietnam decided to convert the Vietnam Electricity Group mod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
VNPT
Vietnam Posts and Telecommunications Group (), Trade name, operating as its initialism VNPT, is a telecommunications company, owned by the Ministry of Finance (Vietnam), Ministry of Finance, and was once the national post office of Vietnam. According to a list of UNDP in 2007, it is the second-largest company in Vietnam. It owns Vinaphone, VinaPhone, one of the three largest mobile network operators in Vietnam. VNPT was established on 30 April 1995. On 26 March 2006, it was formally restructured and operated under a new model. According to the decision of the Prime Minister of Vietnam, Prime Minister, VNPT converted from the Corporation model to the Group model. On 24 June 2010, VNPT changed its operating mode. According to Decision No. 955/QD-TTg of the Prime Minister of Vietnam, VNPT converted to a single-member limited liability company model owned by the State. In 2010, VNPT was awarded the title of Hero of Labor (Vietnam), Hero of Labor by the Government of Vietnam, Vietn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietnam Bank For Agriculture And Rural Development
Agribank or formally the Vietnam Bank for Agriculture and Rural Development () is the largest commercial bank in Vietnam by total under the Ministry of Agriculture and Rural Development. It is a state-owned corporation under a special status. According to a report by the United Nations Development Programme, Agribank is also the largest corporation in Vietnam. History Agribank was established on March 26, 1988. It is the first state-owned commercial bank of Vietnam, established with the objective of focusing credit resources to serve the development of agriculture, farmers, and rural areas. By 2000, Agribank had 2,300 branches and transaction offices nationwide, accounting for 40% of the agricultural credit market share. In 2011, Agribank converted to a one-member limited liability company owned 100% by the State. In 2018, total assets reached nearly 1.3 trillion VND, mobilized capital reached over 1.2 trillion VND, and total outstanding loans and investments reached over 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Development Programme
The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes on developing local capacity towards long-term self-sufficiency and prosperity. Based at the headquarters of the United Nations in New York City, it is the largest UN development aid agency, with offices in 177 countries. The UNDP is funded entirely by voluntary contributions from UN member states. Founding The UNDP was founded on 22 November 1965 through the merger of the Expanded Programme of Technical Assistance (EPTA) and the Special Fund in 1958. The rationale was to "avoid duplication of heiractivities". The EPTA was set up in 1949 to support the economic and political aspects of underdeveloped countries while the Special Fund was to enlarge the scope of UN technical assistance. The Special Fund arose from the idea of a Special United Nations Fund for Economic D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Reserves
Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold and silver held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets. Reserves are held in one or more reserve currencies, nowadays mostly the United States dollar and to a lesser extent the euro. Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills. Some countries hold a part of their reserves in gold, and special drawing rights are also considered reserve assets. Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
