VN banks

Update news VN banks

Delay forecast for banks’ capital hike plans

The Government’s plans to increase capital for large State-owned commercial banks in the first quarter of this year could be delayed due to the Covid-19 outbreak, analysts predicted.

 

Banks warn of rising fraudulent websites, stolen accounts

Banks have advised account owners to be vigilant as fraudulent activities, both online and offline, are on the rise.

 

EVFTA lends newfound vigour to banking sector

The ratified EU-Vietnam Free Trade Agreement is expected to bring a historic change in the Vietnamese banking sector, but also sets sizeable challenges for both foreign and local lenders before they can receive good returns on investment.

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 ($21.5).

A predicted scenario

For the first time in years, the Bank for Investment and Development of Vietnam (BIDV) has fallen out of the list of the top five profitable banks in the face of the strong growth of joint-stock commercial banks.

VN banks, securities firms step up bond purchases

A recent study by SSI Securities Corporation found that banks and securities companies acquired a large volume of bonds in the January-August period of this year.

More steps to be taken to downsize foreign currency loans

Commercial banks will no longer allow the provision of mid- and long-term foreign currency loans for offshore payments of imported goods and services from September 30 this year.

VN banks compete for customers in credit card market

Competition in the country’s credit card market has become stiff as more and more foreign and domestic banks as well as finance companies are competing to gain market shares.

 

VN banks face big capital burden despite dividend plan

A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings said.

 

Factors at play

Is ANZ Vietnam’s sale of its retail banking segment to Shinhan Bank Vietnam part of the bank’s new strategy or an indication of declining fortunes for foreign banks in the segment?

Rocky road

 Eximbank’s restructuring process has been anything but straightforward.

Techcombank appoints new CEO

  The Vietnam Technological and Commercial Joint-stock Bank, or Techcombank, appointed Nguyen Le Quoc Anh, its former deputy chief executive officer, as its new chief executive officer on September 23, 2016.


Vietnam to open financial market in various forms

Vietnam will open the door for foreign organisations to participate in its financial market in many forms.

VN banking sector to see more M&As in 2016

As the season of annual shareholders’ meetings is coming, banks’ shareholders are looking forward to more mergers and acquisitions in the sector.

Local banks to see changes in high personnel

As the process of restructuring the banking sector is coming to an end, with the number of banks expected to decrease to 15, monetary institutions are going to see a lot of changes in high personnel.

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).

Restructuring drives changes in banks’ top leader positions

Major local banks see top tier leadership changes as the sector has undergone more than three years of restructuring. This trend is forecasted to ramp up even further when the process enters its final stages.