Latest News about vietnam banking
The Ministry of Industry and Trade’s Department of Competition and Consumer Protection has recently warned consumers about signing consumer loan contracts.
State Bank of Vietnam is drafting a decree on non-cash payments which will replace Decree 110/2014. One of the expected policies of the decree is on payment agents, or banking agents.
Banks have reported huge profits for Q2 and H1 due to high credit growth rates and lending interest rates, while capital mobilization cost has been low.
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end.
Interest rates are the most important focus of attention this year as many believe after a year implementing the loose monetary policy, the authorities concerned are going to tighten them.
Vietnamese commercial banks are required to issue chip ATM cards to improve customers’ transaction security from March 31, according to the State Bank of Vietnam’s Circular No. 22/2020/TT-NHNN.
Inward remittances to Vietnam topped US$15.7 billion last year, the ninth highest in the world.
The central bank of Vietnam has taken both monetary and fiscal policies all together to ensure macro and social stability.
The fight for power at Eximbank has not come to an end and the 10-year bottleneck still cannot be solved. Once again, the bank has convened a meeting of the general shareholders assembly.
Vietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.
Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.
Many banks have gained significant profit increases from foreign exchange (forex) trading this year, figures show.
A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.
The State Bank of Vietnam (SBV) has issued decisions No. 1349 and 1351 on cutting interest rates applicable to compulsory reserves deposited at the central bank by credit institutions,
The State Bank of Vietnam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.
In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most of their plans have been delayed,
The interest rate of compulsory reserves in the Vietnamese dong at banks will be 0.5 per cent per annum.