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Bank liquidity abundant ahead of Teticon
BUSINESS20/01/20200

Bank liquidity abundant ahead of Tet

Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market drop sharply, industry insiders said.

 
Bancassurance becomes crucial growth driver for banks in Vietnamicon

Bancassurance becomes crucial growth driver for banks in Vietnam

FEATURE
06/01/2020

Bancassurance income is set to have much potential to grow both at sector-wide and individual bank level, according to a brokerage.

Vietnam c.bank sets cashless payments as top priority for 2020icon

Vietnam c.bank sets cashless payments as top priority for 2020

BUSINESS
06/01/2020

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country.

Vietnam’s foreign reserves surge 2.5 times over 2015icon

Vietnam’s foreign reserves surge 2.5 times over 2015

BUSINESS
30/12/2019

Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Viet Nam (SBV) Le Minh Hung said.

Fitch assigns ANZ Vietnam first-time 'BB' rating; positive outlookicon

Fitch assigns ANZ Vietnam first-time 'BB' rating; positive outlook

BUSINESS
30/12/2019

Fitch Ratings has assigned a first-time long-term foreign-currency issuer default rating (IDR) of 'BB' and long-term local-currency IDR of 'BBB' to ANZ Bank Vietnam Limited (ANZV).

First bank in Vietnam complete Basel II three pillarsicon

First bank in Vietnam complete Basel II three pillars

BUSINESS
20/12/2019

Vietnam International Bank (VIB) has become the first bank in Viet Nam to complete the three pillars of Basel II, which are minimum capital, supervisory review and market discipline.

Eighth bank cleared all bad debts at VAMCicon

Eighth bank cleared all bad debts at VAMC

BUSINESS
19/12/2019

Kien Long Bank has become the eighth bank to clear all bad debts they had previously sold to the Viet Nam Asset Management Company (VAMC) before the maturity date, VAMC announced on Tuesday.

Reforms needed to unleash potential of capital marketicon

Reforms needed to unleash potential of capital market

BUSINESS
19/12/2019

 Although progress has been realised by Viet Nam in recent years, the country is still unable to finance all the needs of its hungry productive sector, including private firms and SOEs.

Banks rush to issue bonds ahead of capital requirement deadlineicon

Banks rush to issue bonds ahead of capital requirement deadline

BUSINESS
16/12/2019

Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.

Competition authority warns of online loan scamsicon

Competition authority warns of online loan scams

BUSINESS
10/12/2019

The Ministry of Industry and Trade’s Vietnam Competition Authority (VCA) has warned local consumers to be cautious about taking out online loans amid rampant scams.

VN financial sector embraces digital era: conferenceicon

VN financial sector embraces digital era: conference

BUSINESS
06/12/2019

 Many banks and finance companies have proactively adopted technologies to provide digital financial services, Nguyen Hoang Minh, a senior central bank official said.

VN Central Bank tightens regulations with bad loans on the riseicon

VN Central Bank tightens regulations with bad loans on the rise

BUSINESS
26/11/2019

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 per cent now to 40 per cent by September next year.

Banking M&As set to flourishicon

Banking M&As set to flourish

FEATURE
25/11/2019

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

Bad debt on the rise among boat ownersicon

Bad debt on the rise among boat owners

BUSINESS
25/11/2019

The number of non-performing loans had been on the rise among recipients under a Government directive (Decision 67/2014/ND-CP) to support Vietnamese fishermen to build or upgrade their fishing vessels.

Credit institutes must raise charter capital, forex exchange services tightenedicon

Credit institutes must raise charter capital, forex exchange services tightened

BUSINESS
22/11/2019

The Government has announced new regulations regarding the charter capital required by credit institutions.

VN central bank proposes account freezes to tackle fraudicon

VN central bank proposes account freezes to tackle fraud

BUSINESS
18/11/2019

The State Bank of Viet Nam (SBV) has proposed freezing the accounts of those suspected of committing the fraud.

VN banks race to lower service feesicon

VN banks race to lower service fees

BUSINESS
18/11/2019

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

VN banks lower savings rates but base rate could still be highicon

VN banks lower savings rates but base rate could still be high

BUSINESS
14/11/2019

Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings.