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Inflation predicted to decrease, while VND could strengthen against USD
13-09-2021 20:37
Vietcombank Securities (VCBS) predicts that September's inflation may decrease by up to 0.3 per cent and that the VND will could strengthen against the USD.
More bank support given to businesses affected by COVID-19
11-09-2021 13:59
Credit institutions and businesses can now relax after the State Bank of Vietnam enacted Circular No.14/2021/TT-NHNN to extend the time and scope of debt rescheduling for enterprises suffering from COVID-19.
Banks tighten loans for real estate businesses
11-09-2021 13:13
The banking industry sharply reduced outstanding loans for real estate business in the first half of 2021 and will continue such limits in the second half.
Pandemic driving digital-first mindset around financial services in Vietnam
10-09-2021 13:41
The global health crisis is driving a digital-first mindset in Vietnam when it comes to opening banking accounts.
All to play for in bancassurance growth
10-09-2021 08:00
Bancassurance is prefigured to gain new momentum thanks to its win-win doctrine which generates a generous amount of upfront fees for banks, while insurers could leverage banks’ wide-ranging network despite the rigorous social restrictions.
Banks readjusting focus with subsidiary divestments
10-09-2021 08:00
Vietnamese banks are withdrawing capital from their subsidiaries to refocus on major banking services, with the move opening the door for foreign investors to make inroads in the financial market.
VN-Index declines for a second day, weighed by Vingroup's shares
09-09-2021 22:51
Shares fell for a second day on Wednesday on the Ho Chi Minh Stock Exchange with heavyweights like Vingroup’s stocks and banks behind this fall.
Firms given recommendations to develop sustainably, realise dual goals
09-09-2021 22:40
A webinar themed “Sustainable Businesses Implement Dual Goals” was held on September 9 as part of the 8th Vietnam Corporate Sustainability Forum (VCSF).
HSBC Vietnam deploys first green deposit for corporate clients
09-09-2021 18:32
HSBC Vietnam has successfully launched the very first green deposit for corporate clients in Vietnam. This new product, which is in the variety of sustainable banking solutions that HSBC has introduced to Vietnam, will support corporate customers’ sustainability development strategy by ensuring funding for green projects and businesses.
Eximbank appoints Tran Van Loc as new CEO
09-09-2021 08:51
The Board of Directors of Eximbank has just appointed Tran Van Loc as CEO, pending approval by the State Bank of Vietnam.
Banks on the road of digital transformation
09-09-2021 08:41
Banks are taking advantage of Vietnam's potential environment to conduct digital transformation to meet increasingly technology-driven consumer demands.
Vietnam accelerates the development of regulatory sandbox for fintech
08-09-2021 17:59
The Vietnamese government is pushing forward a regulatory sandbox for fintech banking and cashless payments with a view to support the development of the local fintech scene.
Financial wellness and digital money management apps to ignite digital banking
08-09-2021 16:52
Financial wellness and digital money management apps are potential future sparks for igniting Vietnam’s race for digital dominance in the retail banking sector.
Helping small businesses and female entrepreneurs endure
08-09-2021 14:00
After avoiding the worst of the pandemic’s economic impacts for over a year, Vietnam is now facing its worst outbreak. The General Statistics Office reported that retail sales of goods and services fell 20 per cent between last and this July, and in the July supplement to the Asian Development Outlook, the Asian Development Bank lowered its forecast for Vietnam’s economic growth for 2021 from 6.7 to 5.8 per cent. Further downward revisions are likely if lockdowns persist.
COVID-19: SBV issues new document on rescheduling of debt payments
08-09-2021 12:47
The State Bank of Vietnam (SBV) on September 7 issued a circular amending and supplementing a number of articles of Circular No. 01/2020/TT-NHNN issued by the SBV Governor directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.
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