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Regulations on bad debt trading, settlement revised
10-06-2024 15:59
The State Bank of Vietnam (SBV) has issued Circular 03/2024/TT-NHNN on bad debt trading and settlement of the Vietnam Asset Management Company (VAMC) to make the work more effective.
High-end customers pave the way for specialised financial product ecosystem
10-06-2024 09:46
With the growth of the middle class in the Vietnamese market, amidst a positively growing economy, the number of high-end customers for financial institutions, banks, and securities companies is steadily increasing. Dau Thi Kim Nhung, head of Retail Marketing at Vietcombank, covers priority customer activities with VIR’s Hazy Tran.
Cement groups lament persistent financial troubles
06-06-2024 16:11
The Vietnam Cement Association has called for foreign investment to be discouraged for new projects, as many cement producers are reporting losses and even face the risk of bankruptcy.
SBV predicts SJC-branded gold bullion price to keep declining
05-06-2024 15:07
The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.
Vietnam remains an attractive investment for Taiwanese firms
05-06-2024 10:00
SSI Asset Management (SSIAM) and Union Securities Investment Trust Company (USITC), a subsidiary of Union Bank of Taiwan (UBOT), have agreed to establish a cooperative relationship that covers customer development, investment funds, and the sharing of investment opportunities, and more.
PVcomBank builds success on AWS cloud
04-06-2024 14:12
PVcomBank, one of the fastest growing banks in Vietnam, is building a platform on AWS to deploy advanced technologies to promote innovation, enhance customer satisfaction, and increase operational efficiency. Trinh Vinh Hien, deputy IT director at PVcomBank, and Eric Yeo, country manager at AWS Vietnam, spoke with VIR’s Bich Thuy about the partnership and moving forward.
Agribank ramps up efforts to spur business development
04-06-2024 08:30
State lender Agribank is exhibiting flexibility through a raft of preferential credit programmes, which are tailored to diverse customer groups and supporting business development.
Big4 banks, SJC sell gold bars directly to customers
03-06-2024 15:19
The State Bank of Vietnam (SBV) announced on June 3 that the selling price of SJC-brand is 78.98 million VND (3,108 USD) per tael.
Experts tackle nation’s sustainable reporting
02-06-2024 16:00
International organisations and associations are working with banks to arrange green finance for the business community, including agriculture, and simultaneously support them to access these crucial capital resources.
Measures taken to stabilise foreign exchange market: SBV Governor
30-05-2024 10:18
Hanoi - Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong on May 29 said that the central bank is closely following market moves and implementing measures to stabilse exchange rates and foreign exchange market as the Government has directed.
MB recognised as Best FX Bank in Vietnam by The Asian Banker
30-05-2024 08:00
Military Commercial Joint-Stock Bank (MB) was honoured to receive the Best FX Bank in Vietnam award at the Business Achievement Awards ceremony held in Hong Kong by The Asian Banker on May 23.
Cashless payment develops rapidly in Vietnam
29-05-2024 15:24
Non-cash payments continue to grow rapidly in Việt Nam, requiring a focus on ensuring payment security, a representative of the State Bank of Việt Nam said at a press conference on Cashless Day 2024 held in Ho Chi Minh City on May 28.
VBSP creating equal opportunities for poverty-stricken families
29-05-2024 10:50
Along with economic growth, the government is paying attention to poverty reduction and creates equal opportunities for the poor and disadvantaged people to access resources, including policy credit. Among them, Vietnam Bank for Social Policies (VBSP) has made efforts to increase such people's access to policy credit to improve their lives.
Lending strategies playing part in CASA fluctuations
28-05-2024 13:00
A higher current account saving account ratio indicates that a bank has more related deposits. Banking consultant Le Hoai An spoke with VIR’s Hong Dung about the assessment of ratio fluctuations for 2024 in Vietnam thus far.
Digital innovation a top goal for banking
28-05-2024 10:00
Vietnam’s digital transformation is being accelerated on the back of the supporting policies and market demands. Kalidas Ghose, chairman of UNOBank, discussed with VIR’s Bich Thuy how innovation in banking solutions can promote digital transformation.
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