banks

Latest News about banks

Vietnam banks promote loans with low interest rates by year-endicon
BUSINESS17/12/20200

Vietnam banks promote loans with low interest rates by year-end

Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.

 
Banks’ support desired for mobile paymentsicon

Banks’ support desired for mobile payments

BUSINESS
26/06/2020

New approaches, especially regarding activities of banks, are required to boost the reach of mobile money agents and expand financial inclusion in Vietnam.

VN banks upbeat about charter capital hike in 2020icon

VN banks upbeat about charter capital hike in 2020

BUSINESS
09/06/2020

Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.

From retail to finance, Vietnam all set to rebound with poiseicon

From retail to finance, Vietnam all set to rebound with poise

FEATURE
08/06/2020

Vietnam’s early efforts to weather the COVID-19 storm have helped its economy to reopen much sooner than others, with many sectors that have suffered badly from the outbreak – from retail to finance –now recovering with poise.    

Pandemic delays chip card conversion plansicon

Pandemic delays chip card conversion plans

BUSINESS
04/06/2020

Banks have embarked on the conversion of magnetic payment cards into chip cards for greater security, but the COVID-19 pandemic has significantly slowed down their efforts, making it difficult for them to meet the deadline.

Many fees slashed to support businesses post-pandemicicon

Many fees slashed to support businesses post-pandemic

BUSINESS
07/05/2020

The Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the COVID-19 pandemic eases.

Banks reject loan applications from many virus-hit travel firmsicon

Banks reject loan applications from many virus-hit travel firms

BUSINESS
28/04/2020

Many travel firms affected by Covid-19 are struggling to access loans with low interest rates from the Government’s credit package as banks have denied their applications out of concern over their ability to repay the debt

Banks sell mortgaged assets to resolve bad debtsicon

Banks sell mortgaged assets to resolve bad debts

BUSINESS
12/04/2020

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

Banks support enterprises in various formsicon

Banks support enterprises in various forms

BUSINESS
04/04/2020

Incomplete statistics show that businesses have enjoyed cuts of at least 100 trillion VND (4.25 billion USD) to support them amid the COVID-19 pandemic.

Banks slash fees for interbank fund transfersicon

Banks slash fees for interbank fund transfers

BUSINESS
26/03/2020

Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Vietnam (NAPAS) to halve the switching fees for local banks from Wednesday.

Vietnamese currency more stable than other regional peersicon

Vietnamese currency more stable than other regional peers

BUSINESS
26/03/2020

Though the unofficial value of the VND has now fallen about 3 percent against the USD, the rate is still a smaller depreciation than that seen by most of Vietnam’s regional peers and is expected to stabilise around that level.

Vietnam banks restructure debt maturities worth over US$930 million for customersicon

Vietnam banks restructure debt maturities worth over US$930 million for customers

BUSINESS
17/03/2020

Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers.

More banks slash interbank transfer feesicon

More banks slash interbank transfer fees

BUSINESS
05/03/2020

Another 15 commercial banks have slashed fees for interbank transfers of small sums worth less than VND500,000 (US$22) on March 4.

VN banks’ diversified income sources protect profits amid epidemicicon

VN banks’ diversified income sources protect profits amid epidemic

BUSINESS
02/03/2020

On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.

Small banks struggle to meet Basel II deadlineicon

Small banks struggle to meet Basel II deadline

BUSINESS
26/12/2019

Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.

Banks report handsome profitsicon

Banks report handsome profits

BUSINESS
23/12/2019

Many local banks have released impressive business results, with many of them being confident that their pretax profits would exceed their targets for 2019.

JP Morgan expects high growth and profitability from Vietnamese banksicon

JP Morgan expects high growth and profitability from Vietnamese banks

BUSINESS
10/12/2019

It is a rare combination where Vietnamese banks are growing fast and are quite profitable, said an expert at JP Morgan.

Banks warned of risks of accepting land as collateralicon

Banks warned of risks of accepting land as collateral

BUSINESS
29/11/2019

The State Bank of Vietnam (SBV) has warned commercial banks of the risks associated with accepting land-use rights certificates as collateral for loans.