Latest News about vietnamese banks
The banking sector will provide enough credit to businesses at supportive interest rates this quarter to help revive them, according to the State Bank of Vietnam’s Ho Chi Minh City branch.
Despite the Covid-19 pandemic, the total remuneration for chairmen of many local banks in the first half of 2021 was over VND200 million (over $9,000) per month, higher than the same period of last year.
Upon the State Bank of Vietnam’s approval, Pham Quang Dung has been appointed Chairman of the Bank for Foreign Trade of Vietnam (Vietcombank) for the 2018-2023 term.
As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.
Business associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic.
After many years of undergoing restructuring, joint stock banks have expanded operation scale and profits.
The Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed commercial banks in the Mekong Delta region to support rice producers and traders to overcome difficulties amid the COVID-19 pandemic.
Commercial banks have been performing well thanks to improved provisioning and more sustainable sources of income.
In a short time, many managers of real estate groups become leaders of banks.
The State Bank of Viet Nam (SBV) has just officially approved credit room extension for some banks.
According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion ($100 billion), or 24.6% of the banking sector’s total loans.
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.
Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic.
The Vietnam Bank for Agriculture and Rural Development (Agribank) is the only bank of the "big 4" State-owned banks in Vietnam that has not been equitized.
The stock market of Vietnam is bustling with banking and securities stocks as the backbone, as the potential of banking stocks is attracting the attention of foreign investors.
According to the State Bank of Vietnam, by 2020, 70% of adults in Vietnam had a bank account, but nearly half of them did not have access to credit.
Credit rating agency Moody's on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks.