vietnamese banks

Update news vietnamese banks

Local bank raises 260 million USD in international syndicated loans

VIB has raised 260 million USD in international syndicated loans from the Asian Development Bank (ADB), United Overseas Bank Limited (UOB) and nine Asian financial institutions.

Great ambition to build digital banks in Vietnam

By 2025, Vietnam will have a generation of "digital customers". This generation has higher expectations about digital financial products and services.

Banking sector optimistic despite ongoing conflict in Europe

It's too early to tell how the ongoing Russia-Ukraine conflict will affect Vietnam's banking sector, said industry experts.

VN banks struggle to sell mortgaged land to collect money for debts

Many banks are rushing to sell land and other assets used as collateral for loans to collect debts, including properties worth trillions of dong.

Experts suggest banks not be involved in economic recovery packages to avoid bad debts

Though businesses need the Government’s economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.

Bonds circulating within banks

When several banks announced the issuance of thousands of billion dong to mobilize medium and long-term capital at high interest rates, a rush for buying bonds followed, which turned into a frenzy towards the end of 2021.

Bank profits maintain bright colors

Although the prolonged Covid-19 pandemic has negatively affected the economy, the banking industry still retains bright colors in the profit picture in 2021.

VN bankers still pocketed high profits in 2021 despite Covid-19

2021 was a fruitful year for commercial banks, which saw a 25 percent growth rate.

Local banks reposition for trend transition

While state-owned banks are dominating the domestic credit and debit card categories, privately-held banks in Vietnam are expanding their international payment footprint.

Banks allowed to extend credit growth quota

The State Bank of Viet Nam (SBV) has extended the credit growth limits for the third time this year to some commercial banks to meet rising capital demands at year-end.


Banks reduce over 536 million USD worth of interest rates for pandemic-hit borrowers

Sixteen banks in Vietnam reduced a total of VND12.23 trillion ($536.2 million) in interest rates for borrowers affected by the COVID-19 pandemic from July 15 to September 30, equivalent to 59.36% of their commitments.

Banks report high profits in Q3, interest rates not likely to decrease

Though the growth rate slowed down in the third quarter, banks still made high profits. However, the lending interest rates are expected to stay high.

Banking sector promises sufficient funding for businesses post-pandemic

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.

Earning big, banks urged to further cut interest rates for affected borrowers

It is reported that there is a significant gap among banks when it comes to interest rate reduction for people and businesses affected by the COVID-19 pandemic.


Bank loans rise despite pandemic

Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.

Salary of VN’s bank presidents is over VND200 million/month

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.

Vietnamese banks get new bosses

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.


Adjusting ownership rate for foreign investors in bank sector is a long-term strategy

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.

Banks continually cut lending rates to aid pandemic affected customers

Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.

Businesses seek interest rate cuts, banks worry about declining profits

Business associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic.