vietnam banking sector

Latest News about vietnam banking sector

2020 not a good year for bank stock debutsicon
BUSINESS04/01/20210

2020 not a good year for bank stock debuts

Debuting on a new bourse may give a boost to the stock price, but the market reactions were not quite positive for the banks doing so in 2020.

 
Banks cut pay, lay off workers due to impact of Covid-19icon

Banks cut pay, lay off workers due to impact of Covid-19

BUSINESS
26/08/2020

Bank officers' incomes, which include a monthly salary and bonus, have decreased significantly amid the Covid-19 crisis.

Which banks lead the digitization race?icon

Which banks lead the digitization race?

BUSINESS
18/08/2020

In the context of the digital economy, the financial institutions which pioneer the digitization process and run fast in the race will have long-term advantages over others.

Lower interest rates not a good thing for equity marketicon

Lower interest rates not a good thing for equity market

BUSINESS
15/08/2020

Lower lending rates in the financial-banking market may not mean good things for the securities market, specialist Dao Phuc Tuong said.

Bad debts tend to rise despite slow credit expansionicon

Bad debts tend to rise despite slow credit expansion

BUSINESS
10/08/2020

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.

Capital is cheap, but there are few borrowersicon

Capital is cheap, but there are few borrowers

BUSINESS
06/08/2020

The capital cost has never before been so low. In the interbank market, the VND overnight interest rate was 0.13 percent per annum on July 8, according to the State Bank of Vietnam.

Local banks are racing to catch digitisation trend: experticon

Local banks are racing to catch digitisation trend: expert

BUSINESS
05/08/2020

Vietnam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said.

VN banks still make high profits, though businesses hit hard by Covid-19icon

VN banks still make high profits, though businesses hit hard by Covid-19

BUSINESS
28/07/2020

Applying drastic measures to cut costs and ease reliance on capital sources, commercial banks continued to make profits in the first half if the year, However, they have been warned of bad debts ahead.

Fitch Ratings says Vietnam outperforms among Asia’s frontier sovereignsicon

Fitch Ratings says Vietnam outperforms among Asia’s frontier sovereigns

BUSINESS
07/07/2020

According to Fitch Ratings, Vietnam is positioned to stand out among Asia’s frontier and emerging markets this year as a result of its economic resilience and success in bringing the novel coronavirus pandemic under control.

Vietnam’s banks urged to maintain CASA ratio to control funding costsicon

Vietnam’s banks urged to maintain CASA ratio to control funding costs

BUSINESS
07/10/2019

While the expansion of asset yields becomes more limited as the transition towards retail lending slows down and competition intensifies, the control of funding costs serves as a driver of interest income growth.

In Vietnam, the banking sector has the highest salaryicon

In Vietnam, the banking sector has the highest salary

BUSINESS
01/08/2019

According to audited financial reports 2018 from 20 Vietnamese banks, the average monthly income of banking employees in 2018 were VND12.37 million-34 million (USD521.73-1,478).

New digital era for Vietnam's banksicon

New digital era for Vietnam's banks

FEATURE
01/08/2019

Much is being done to take Vietnam's banking and finance sector into the digital age, according to industry insiders.