vietnam banks

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Interest rates stay steady til year end: VN Central Bank officialicon
BUSINESS18/09/20190

Interest rates stay steady til year end: VN Central Bank official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam.

 
Mobile payments reshaping VN bankingicon

Mobile payments reshaping VN banking

BUSINESS
10/08/2019

Vietnam is experiencing a boom in mobile payments as more and more e-wallet providers have aggressively joined the market.

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debtsicon

BIDV, Vietcombank, and Vietinbank amass nearly $2 billion in bad debts

BUSINESS
06/08/2019

Growing bad debts reaching hundreds of millions of US dollars keep pressuring BIDV, Vietcombank, and VietinBank.

Vietnam banks step up bad debt recovery in 2019icon

Vietnam banks step up bad debt recovery in 2019

BUSINESS
01/08/2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.

VN banks sell off collateral on bad loans to recoup lossesicon

VN banks sell off collateral on bad loans to recoup losses

BUSINESS
27/07/2019

A number of commercial banks in Vietnam have successfully recovered trillions of Vietnamese dong in bad debt by selling off collateral in the first half of 2019, according to the Nguoi Lao Dong Online website.

VN banks more vulnerable to shocks as leverage rises: Fitch Ratingsicon

VN banks more vulnerable to shocks as leverage rises: Fitch Ratings

BUSINESS
11/07/2019

Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.

Banks rush to buy back bad debtsicon

Banks rush to buy back bad debts

BUSINESS
11/07/2019

Many banks have bought back the bad debts that they had sold before to the Vietnam Asset Management Company (VAMC), taking a new step forward in bad debt settlement.

Chairman of Nam A Bank to relinquish post over family disputesicon

Chairman of Nam A Bank to relinquish post over family disputes

BUSINESS
25/06/2019

Nguyen Quoc Toan, chairman of Nam A Commercial Joint Stock Bank and son of the bank’s late, female founder Tran Thi Huong alias Tu Huong, plans to relinquish his post to help solve his family’s asset disputes.

Vietnamese banks hurry to implement Basel II in 2019icon

Vietnamese banks hurry to implement Basel II in 2019

BUSINESS
18/06/2019

A bunch of Vietnamese banks are in the race to meet the requirements on capital adequacy ratio (CAR) following Basel II standards right in 2019, one year earlier than the deadline for implementation on January 1, 2020.

Cross-ownership in Vietnam's banking system almost resolvedicon

Cross-ownership in Vietnam's banking system almost resolved

BUSINESS
10/06/2019

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Vietnam (SBV) showed.

Chip cards may minimise bank card crime in Vietnamicon

Chip cards may minimise bank card crime in Vietnam

BUSINESS
03/06/2019

Replacing magnetic strip cards with chip cards is expected to resolve the long-going security issues affecting bank cards, resulting in loss of money and personal data leaks in banks.

VN banks forecast further improvementsicon

VN banks forecast further improvements

BUSINESS
11/04/2019

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.