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

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.

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

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.

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.

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.

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.

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.

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?

 Eximbank’s restructuring process has been anything but straightforward.

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

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

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.

 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).

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.