commercial banks

Latest News about commercial banks

Local banks warn they may become ‘hostage’ of businessesicon
BUSINESS08/07/20200

Local banks warn they may become ‘hostage’ of businesses

If large businesses cannot pay their debts, they may put pressure on banks to lower requirements for loans.

 
Local banks expect credit growth extensionicon

Local banks expect credit growth extension

BUSINESS
08/06/2020

Many commercial banks are proposing the central bank to extend credit growth limits as they have nearly reached the allowed threshold.

VN banking sector 2020: lower profitability, higher vulnerability anticipatedicon

VN banking sector 2020: lower profitability, higher vulnerability anticipated

BUSINESS
31/05/2020

Commercial banks all can anticipate a sharp fall in profits this year because of Covid-19, though they faced difficulties later than other businesses.

The dilemma of commercial banksicon

The dilemma of commercial banks

BUSINESS
28/05/2020

Banks have been warned of a sharp profit decline because of minus credit growth and higher provisions against risks.

VN banks eye post-pandemic business opportunitiesicon

VN banks eye post-pandemic business opportunities

BUSINESS
19/05/2020

Banks are ready to seize business opportunities in the coming months as the COVID-19 pandemic has been basically controlled in Vietnam and domestic production and business are expected to accelerate soon.

Credit declines in first half of April due to COVID-19 pandemicicon

Credit declines in first half of April due to COVID-19 pandemic

BUSINESS
23/04/2020

Low demand for capital due to COVID-19 has caused bank credit in the first half of April to drop 0.5 percent compared with the end of March, according to the State Bank of Vietnam (SBV).

Finance Ministry asks insurers not to sell COVID-19-related productsicon

Finance Ministry asks insurers not to sell COVID-19-related products

BUSINESS
02/04/2020

The Ministry of Finance has asked insurers to stop introducing and selling insurance packages related to COVID-19.

Foreign currency market stabilised following central bank’s interventionicon

Foreign currency market stabilised following central bank’s intervention

BUSINESS
26/03/2020

The US dollar on March 25 depreciated against the Vietnamese dong after the State Bank of Vietnam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.

Banks lower interest rates following SBV’s policy rate cuticon

Banks lower interest rates following SBV’s policy rate cut

BUSINESS
18/03/2020

By March 17 noon, most of the commercial banks in Vietnam had lowered their interest rates on savings accounts with terms of less than 6 months after the State Bank of Vietnam (SBV) announced its policy rate cut a day earlier.

Epidemic causes credit growth to slow significant in first two monthsicon

Epidemic causes credit growth to slow significant in first two months

BUSINESS
08/03/2020

Credit growth of the banking system in the first two months of this year reached only 0.06 percent, slowing significantly against the 1 percent rate in the same period last year, due to impacts of the COVID-19 epidemic.

Local commercial banks cut interbank transfer feesicon

Local commercial banks cut interbank transfer fees

BUSINESS
27/02/2020

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 ($21.5).

Banking sector to cash in on benefits from EVFTAicon

Banking sector to cash in on benefits from EVFTA

BUSINESS
26/02/2020

The Vietnamese banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from their EVFTA takes effect, according to insiders.

Twelve banks clear all bad debts at VAMCicon

Twelve banks clear all bad debts at VAMC

BUSINESS
04/02/2020

Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Vietnam Asset Management Company (VAMC).

Vietnam’s fintechs increasingly attractive to foreign investorsicon

Vietnam’s fintechs increasingly attractive to foreign investors

BUSINESS
01/02/2020

The Vietnamese finance market has seen many investment deals by foreign investors who have poured money into startups, showing the attractiveness of the new industry.

Finance Ministry announces 13 market makers for debt marketicon

Finance Ministry announces 13 market makers for debt market

BUSINESS
15/01/2020

Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Vietnam this year.

Only one bank entered bourse in 2019icon

Only one bank entered bourse in 2019

BUSINESS
10/01/2020

Eighteen commercial banks are listed on the bourse, but only one bank entered the bourse in 2019.

Banks likely to enjoy big fat earnings again this yearicon

Banks likely to enjoy big fat earnings again this year

BUSINESS
26/12/2019

Though the fiscal year 2019 is yet to end, early reports suggest major commercial banks in Vietnam will enjoy big fat earnings this year.

Chinese P2P lenders flock to Vietnamicon

Chinese P2P lenders flock to Vietnam

BUSINESS
25/12/2019

After the lending model collapsed in China, many P2P lenders flocked to Vietnam to seek opportunities in the country.