vietnam banks

Latest News about vietnam banks

Billions of dollars worth of shares expected to enter bourseicon
BUSINESS07/10/20200

Billions of dollars worth of shares expected to enter bourse

A number of commercial banks are going to list their shares at the HCM City Stock Exchange (HOSE), and are expected to bring a breath of fresh air to the market, which has been stagnant because of the pandemic.

 
Lender BIDV tops corporate bond market in H1icon

Lender BIDV tops corporate bond market in H1

BUSINESS
16/07/2020

The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) was the biggest corporate bond issuer in January-June.

Weak growth outlook to spur further monetary easing in Vietnam: Fitch Solutionsicon

Weak growth outlook to spur further monetary easing in Vietnam: Fitch Solutions

BUSINESS
22/05/2020

Given the weak economic outlook in Vietnam, Fitch Solutions expects further easing measures to be applied over the rest of 2020 as the country is still targeting real gross domestic product (GDP) growth above 5%.

Vietnam banks’ 2019 results show improved solvency: Moody’sicon

Vietnam banks’ 2019 results show improved solvency: Moody’s

BUSINESS
09/03/2020

Rated banks in Vietnam posted solid profit growth and asset quality improvements last year, benefitting from the country’s robust macroeconomic environment, the U.S.-based ratings agency Moody’s Investors Service stated in a new report.

BIDV plans to raise another $229.1 million  in charter capitalicon

BIDV plans to raise another $229.1 million  in charter capital

BUSINESS
03/03/2020

The Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) plans to issue shares to increase its charter capital by VND5.3 trillion (US$229.1 million).

Banking M&As set to flourishicon

Banking M&As set to flourish

FEATURE
25/11/2019

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

VN banks race to lower service feesicon

VN banks race to lower service fees

BUSINESS
18/11/2019

A number of local commercial banks, including major players, have reduced and even eliminated service fees to attract more service users and depositors.

Vietnam’s 2019 credit growth target considered unattainableicon

Vietnam’s 2019 credit growth target considered unattainable

BUSINESS
13/11/2019

Vietnam’s credit growth is projected to fall below the 14% target set for this year by the State Bank of Vietnam (SBV), due to lower-than-expected lending to businesses in the industry, construction and telecommunications sectors.

Interest rates stay steady til year end: VN Central Bank officialicon

Interest rates stay steady til year end: VN Central Bank official

BUSINESS
18/09/2019

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam.

Vietnam’s banks expect big M&A deals in near futureicon

Vietnam’s banks expect big M&A deals in near future

BUSINESS
26/08/2019

M&A in banking sector is forecast to be exciting in the near future as many banks are accelerating to restructure and raise capital to meet Basel II standards’ deadline by 2020 set by the central bank, experts said.

Digital the only way forwardicon

Digital the only way forward

BUSINESS
10/08/2019

It's clear that digitalization is a prerequisite for local banks to survive and develop in the new era.

Mobile payments reshaping VN bankingicon

Mobile payments reshaping VN banking

BUSINESS
10/08/2019

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debtsicon

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

BUSINESS
06/08/2019

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

Vietnam banks step up bad debt recovery in 2019icon

Vietnam banks step up bad debt recovery in 2019

BUSINESS
01/08/2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

VN banks sell off collateral on bad loans to recoup lossesicon

VN banks sell off collateral on bad loans to recoup losses

BUSINESS
27/07/2019

A number of commercial banks in Vietnam have successfully recovered trillions of Vietnamese dong in bad debt by selling off collateral in the first half of 2019, according to the Nguoi Lao Dong Online website.

VN banks more vulnerable to shocks as leverage rises: Fitch Ratingsicon

VN banks more vulnerable to shocks as leverage rises: Fitch Ratings

BUSINESS
11/07/2019

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

Banks rush to buy back bad debtsicon

Banks rush to buy back bad debts

BUSINESS
11/07/2019

Many banks have bought back the bad debts that they had sold before to the Vietnam Asset Management Company (VAMC), taking a new step forward in bad debt settlement.

Chairman of Nam A Bank to relinquish post over family disputesicon

Chairman of Nam A Bank to relinquish post over family disputes

BUSINESS
25/06/2019

Nguyen Quoc Toan, chairman of Nam A Commercial Joint Stock Bank and son of the bank’s late, female founder Tran Thi Huong alias Tu Huong, plans to relinquish his post to help solve his family’s asset disputes.