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Update news vn banking

Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.

 

Peacetime in sight for the VND

The dong remained fairly stable against the U.S. dollar in 2019, contrary to the forecast that it would shed its value by 2-3%.

Credit growth below expectations

Vietnam’s credit growth, as of December 20, was reported at 12.1%, way below the 14% target set by the State Bank of Vietnam, according to the General Statistics Office.

VN banks undergoing digital transformation

Digital is fundamentally changing banking in Vietnam and transforming the industry's competitive landscape.

Vietnamese banks' IPO plans pushed back again

The long-awaited listing of many large Vietnamese banks has once again been delayed as banks wait for market conditions to improve.

Vietnam leads cashless drive in Southeast Asia

Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services without going through an intermediary like a bank.

 

 

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.

 

Central Bank of Vietnam maintains flexible forex regime

 In the first four months of the year, the trade deficit was at quite high at around US$2.8 billion.

VN credit institutions' bad debts at $7bln until March 31

 Total non-performing loans (NPLs) of the entire credit institutions (CI) system until March 31, 2017 were VND160 trillion ($7 billion).

VN banks willing to take risk, move abroad

 The Ha Noi-Sai Gon Commercial Joint Stock Bank (SHB) opened its fully-owned SHB Bank Limited in Laos in mid-January by upgrading the transaction office it had set up in 2012.

Techcombank changes CEO

 VietNamNet Bridge – Mr. Nguyen Le Quoc Anh, Director of Strategy and Bank Development, will temporarily replace Mr. Murat Yuldashev as the CEO of the Vietnam Technological and Commercial Joint Stock Bank (Techcombank).