vietnam banking

Latest News about vietnam banking

Authority warns about consumer lending amid pandemicicon
BUSINESS08/09/20210

Authority warns about consumer lending amid pandemic

The Ministry of Industry and Trade’s Department of Competition and Consumer Protection has recently warned consumers about signing consumer loan contracts.

 
Banking agents: caution will not create breakthroughicon

Banking agents: caution will not create breakthrough

FEATURE
22/07/2021

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 make huge profits, hope interest rate reductions are far officon

Banks make huge profits, hope interest rate reductions are far off

FEATURE
13/07/2021

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.

Japanese banks take on strategic rolesicon

Japanese banks take on strategic roles

BUSINESS
09/07/2021

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.

Oddest bank in Vietnam: No CEO, chairman takes office for two hoursicon

Oddest bank in Vietnam: No CEO, chairman takes office for two hours

BUSINESS
27/05/2021

The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end. 

Is interbank rate climb worrisome?icon

Is interbank rate climb worrisome?

BUSINESS
18/05/2021

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.

Banks required to issue chip cards for securityicon

Banks required to issue chip cards for security

BUSINESS
01/04/2021

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.

Vietnam’s $15.7 billion remittances 9th highest globallyicon

Vietnam’s $15.7 billion remittances 9th highest globally

BUSINESS
25/01/2021

Inward remittances to Vietnam topped US$15.7 billion last year, the ninth highest in the world.

Central bank’s policies conductive to FDI, economic resilience: HSBCicon

Central bank’s policies conductive to FDI, economic resilience: HSBC

FEATURE
26/12/2020

The central bank of Vietnam has taken both monetary and fiscal policies all together to ensure macro and social stability.

Once-leading bank still struggling because of internal conflictsicon

Once-leading bank still struggling because of internal conflicts

BUSINESS
24/11/2020

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.

More M&A deals in the banking sector next year: local mediaicon

More M&A deals in the banking sector next year: local media

BUSINESS
23/11/2020

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.

Banks raise foreign ownership ratio to improve financial strengthicon

Banks raise foreign ownership ratio to improve financial strength

BUSINESS
16/11/2020

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

Banks post high profits from forex tradingicon

Banks post high profits from forex trading

BUSINESS
07/11/2020

Many banks have gained significant profit increases from foreign exchange (forex) trading this year, figures show.

Controversial draft decree may make banks lose potential foreign investorsicon

Controversial draft decree may make banks lose potential foreign investors

BUSINESS
24/09/2020

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.

A strange move initiated by the central bankicon

A strange move initiated by the central bank

BUSINESS
21/08/2020

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, 

Vietnamese banks to continually cut costs to aid COVID-19 affected firmsicon

Vietnamese banks to continually cut costs to aid COVID-19 affected firms

BUSINESS
11/08/2020

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.

Banks struggle to raise capital amid Covid-19icon

Banks struggle to raise capital amid Covid-19

BUSINESS
07/08/2020

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,

VN central bank cuts reserve interest rate to aid the economyicon

VN central bank cuts reserve interest rate to aid the economy

BUSINESS
07/08/2020

The interest rate of compulsory reserves in the Vietnamese dong at banks will be 0.5 per cent per annum.