vietnam banking

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Eximbank has new chair

Vietnam Export Import Commercial Joint Stock Bank (Eximbank), whose EIB shares are traded on the Hochiminh Stock Exchange (HOSE), has elected Do Ha Phuong as board chairwoman, replacing Luong Thi Cam Tu.

VN banks increasing investment in bonds

Government bonds prospered again in the first five months of the year.

Data-science cases revolutionize Finance & Banking sector

The advent of data-driven technologies like machine learning, artificial intelligence, and predictive analytics has revolutionized the banking and finance industry.

All major banks slash deposit interest rates

All major banks have slashed their deposit interest rates across all terms following the rate cut by the State Bank of Viet Nam (SBV) earlier this week.

Early intervention to credit institutions needs to prevent worse consequences

The draft revised Law on Credit Institutions regulates the application of early intervention to credit institutions which fail to maintain the...

Banks change leadership, bring new blood into key positions

Many banks have announced the replacement of key leaders on their boards of directors as part of reshuffling plans.

Banks redeem bonds before maturity

Many local banks have bought back their bonds before maturity while others have launched new bond issues this month.

Credit growth sparks concerns

The State Audit Office of Vietnam has issued a warning that credit growth in high-risk areas exceeded overall growth in 2022, and the credit-to-GDP ratio now poses potential risks.

Low credit growth makes large banks curb capital mobilisation

Low credit growth has made large banks curb capital mobilisation and implement solutions for attracting borrowers.

Banks digitize as they feel pressure from fintech

Commercial banks, which see fintechs as a threat, are creating digital banking divisions or developing technology centers to create resources for digital transformation.

Five Vietnamese banks named in Forbes Global 2000

A total of five local banks have been included in this year's Forbes list of the world’s 2,000 largest firms.

SBV cuts operating interest rates, but small banks maintain high interest rates

The State Bank of Vietnam (SBV) has cut some operating interest rates, but has not intervened in ceiling interest rates of 6-month or longer-term deposits, so there are interest rate gaps among commercial banks.

Banks change names to mark new development period

Following VietCapital Bank and LienVietPost Bank, many other commercial banks are intending to change their Vietnamese and English names to suit new business strategies in new development periods.

Spending increases as Vietnam tackles external headwinds

Despite a state budget surplus in the first five months, economic headwinds have put a dent in revenues across all economic sectors, with government coffers being hit.

NA deputies bemoan slow lending plans

The slow deployment of a pro-business monetary policy is making it hard to provide timely assistance for enterprises, cooperatives, and household businesses.

More Vietnamese consumers go cashless: study

Some 77% of Vietnamese consumers believe they could go cashless for three days, according to a new survey by Visa entitled “Consumer Payment Attitudes Study 2022”.

Vietcombank permitted to raise capital to 2.3 billion USD

The State Bank of Vietnam allowed Vietcombank to raise its charter capital from 47 trillion VND (2 billion USD) to 55 trillion VND (2.3 billion USD) by issuing shares to pay dividends from the remaining profits of 2019 and 2020.

Local banks seek foreign funding

Large sums of foreign currency flowed into the accounts of local commercial banks in the first half of this year, with many more deals in the pipeline.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Banks experience significant increases in non-performing loans

Given the challenging economic environment, the performance of numerous banks is rather bleak, particularly due to the mounting bad debt levels.