vietnam banks

Update news vietnam banks

In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.

Banks await more foreign strategic investors

Several banks are currently issuing dividend paying shares as well as making strong efforts in finding more foreign strategic investors to increase capital. 

Hard limit for credit institutions buying corporate bonds

Credit institutions with a bad debt ratio of more than 3 per cent are forbidden to buy corporate bonds, according to the latest announcement from the SBV.

Banks in race for charter capital increase

The State Bank of Vietnam (SBV) has officially approved plans to increase charter capital of many State-owned and private banks.

Vietinbank takes the lead in foreign exchange online services in VN

VietinBank has launched FX Online 24/7 service, which allowsits customer to execute foreign exchange services anytime – anywhere on transaction platforms called VietinBank eFAST and VietinBank Ipay.

Banks record higher profits, some exceeding annual plan

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.

Bankers get richer amid pandemic

Commercial banks have reported profits of trillions of dong in the first nine months of the year, helping their owners get richer while other businesses remain in distress because of the impact of Covid-19.

Military Bank named among ‘Best Companies to Work for in Asia 2021’

The Military Commercial Joint Stock Bank (MB) on October 8 received the "Best Companies to Work for in Asia 2021" award by HR Asia, a leading HR magazine in Asia.

Interest rate cut not as expected

Many commercial banks have announced a 0.5-3 percent cut in lending interest rates and many policies to support customers affected by the Covid-19 pandemic.

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.

Banks Association proposes delaying debt repayment for bank clients

The Vietnam Banks Association (VNBA) has sent a petition to the State Bank of Vietnam (SBV), asking the body to consider extending the rescheduling for debt repayment, to support individuals and enterprises affected by the COVID-19 pandemic.

Upheavals in banking sector: many managers are replaced

During this year’s shareholders’ meeting season, big changes in shareholders’ structure have been made and many bank managers have been replaced.

Banks make huge profits, have prosperous Tet

Overcoming a stormy year, commercial banks have reported huge profits for 2020. Bank share prices are standing firmly at high levels.

2020 not a good year for bank stock debuts

Debuting on a new bourse may give a boost to the stock price, but the market reactions were not quite positive for the banks doing so in 2020.

Vietnam banks remain attractive options for foreign investors

M&A activities in the banking sector are set to heat up in 2021, when the Covid-19 pandemic is fully contained and the majority of Vietnamese banks have completed their restructuring processes.

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.

Pandemic derails banks’ capital hike plans

Banks are facing major challenges to carry out their capital increase plans this year due to the impacts of the COVID-19 pandemic.

Bad debts tend to rise despite slow credit expansion

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.


Lender BIDV tops corporate bond market in H1

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 Solutions

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%.