Foreign banks finish licence legwork

BRIEF: E.SUN Commercial Bank and State Bank of India – the last of the foreign lenders that won approval to open branches in Myanmar earlier this year – have finished the entry process and begin this week fully licensed. The Central Bank announced late last week that E.SUN Commercial Bank and State Bank of India […]

BIDV Bank open tender for ICT equipment for its new branch, Closing Date 23rd May2016

Subscribe to our tender alert mailing list Representative office in Myanmar of Bank for Investment and Development of Vietnam JSC (BIDV) is planning to setup Myanmar branch in 2016. We would like to call for a tender of providing Hardware infrastructure for our new branch. ICT vendors who interested in this opportunity need to contact […]

Tender for Hardware for Core Banking System (CBS); Closing Date for Proposal 2 May 2016

Subscribe to our tender alert mailing list The Bank for Investment and Development of Viet Nam JSC (BIDV) Rep office in Myanmar is planning to implement new Core Banking System (CBS) for Myanmar branch in 2016. We would like to call for a tender for the Hardware for our new CBS. ICT vendors who interested […]

Vietnam’s BIDV says will be prioritised in next Myanmar bank licence issue

BIDV, Vietnam’s biggest partly private lender by assets, said on Wednesday it would be prioritised in the next issue of banking licences by Myanmar, citing comments by the country’s president during a meeting with the bank’s chairman. BIDV, which wants to open a branch in Myanmar having failed in the first license issue, said more […]

S’pore realty developer acquires 50 percent stake in Vietnamese counterpart: report

Singaporean real estate and investment firm Rowsley Co. Ltd. has reached a deal to own a 50 percent stake in a Vietnamese company developing a complex worth over half a billion U.S. dollars in Myanmar, according to The Straits Times. Rowsley, partly owned by billionaire Peter Lim, who is one of the richest people in […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]

Vietnam’s biggest pharmaceutical company to invest in Myanmar

DHG said it would spend VND91 billion ($4.5 million) on this project to produce medicine. The construction of the plant could begin next year if the two parties reach an agreement. DHG’s Chair Pham Thi Nga confirmed the possible investment, but noted that the company was still in the survey period. “We have just conducted […]

Vietnamese bank steps in to finance local small-scale loans

The Small and Medium Industrial Development Bank (SMIDB) will fund its SME loan program this year through a Vietnamese wholesale loan at half the interest of previous loans from Myanmar state-run banks, officials said. The US$30 million wholesale loan from Bank of Investment and Development of Vietnam (BIDV) at a 4 percent interest rate will […]

Vietnamese Bank Ties Up with Myanmar SME Bank

The Bank for Investment and Development of Vietnam (BIDV) has signed a deal with state-run Small and Medium Industrial Development Bank of Myanmar (SMIDB) to share information, develop products and services, and support business and investment activities in both countries. Under the agreement, which was signed in Yangon, Vietnamese state-owned BIDV and SMIDB will share […]