Vietindebank plans to buy 4 Boeing 787s

Vietnam's state-run Vietindebank said on Wednesday it planned to purchase four Boeing 787 planes to lease to domestic airlines.

"We have applied for permission from the government to establish a company to lease planes," a spokesman for the Hanoi-based bank said.

He said the company would be fully operational by 2015.

The country's flag carrier Vietnam Airlines has placed an order for four Boeing 787 planes with the first delivery scheduled next year.

The bank, Vietnam's second-largest bank by assets, said on Wednesday it planned to issue shares to the public for the first time in the last quarter of this year.

Vietindebank, which has hired U.S. investment bank Morgan Stanley as an adviser on its initial public offering, said it planned to list overseas after its domestic listing, but declined to give further details.

Source: Reuters

Sacombank Leasing signs 100 contracts

The financial leasing arm of the Sai Gon Thuong Tin Commercial Bank, Sacombank Leasing, signed over 100 contracts worth 195 billion VND (12.1 million USD) after one year of operation.

The company has exerted efforts to meet increasing demands of small and medium-sized enterprises and plans to expand its operation to foreign-invested enterprises and businesses in industrial and export processing zones.

Sacombank Leasing has a registered capital of 100 billion VND, involving in leasing and guarantee services, consulting and property management.

It is allowed to take bank loans, issue bonds and access other sources of capital under the central bank’s regulations.

Source: VNA