vietnam banks

Update news vietnam banks

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

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 future

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 forward

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

Mobile payments reshaping VN banking

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 debts

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

 

Vietnam banks step up bad debt recovery in 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 losses

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 Ratings

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 debts

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 disputes

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.

Vietnamese banks hurry to implement Basel II in 2019

A bunch of Vietnamese banks are in the race to meet the requirements on capital adequacy ratio (CAR) following Basel II standards right in 2019, one year earlier than the deadline for implementation on January 1, 2020.

 

Cross-ownership in Vietnam's banking system almost resolved

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.

Chip cards may minimise bank card crime in Vietnam

Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards, resulting in loss of money and personal data leaks in banks.

 

VN banks forecast further improvements

A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Viet Nam's March survey released late last week.