banks prohibited from paying dividends in cash in 2022

Banks prohibited from paying dividends in cash in 2022

Vietnam's commercial banks will be barred from paying cash dividends to shareholders to reduce interest rates.
japanese banks adjust to demographics

Japanese banks adjust to demographics

Japanese groups are advancing closer collaboration with Vietnam’s financial institutions to capture the increasingly enticing demographic variables in the Southeast Asian nation and expand their footprint even further, thanks to the rising aid from deep-pocketed parents.
no banks involved in thu thiem land auctions

No banks involved in Thu Thiem land auctions

No banks had been offering loan packages for businesses associated with Thu Thiem land auction, as a careful examination of the State Bank of Vietnam (SBV) showed.
vn banks expect to sell more shares to foreign investors in 2022

VN banks expect to sell more shares to foreign investors in 2022

A number of Vietnamese banks plan to sell more shares to foreign investors in 2022 as part of set strategies.
joint initiatives shake up insurance

Joint initiatives shake up insurance

An increase in the conducive socio-demographic characteristics and accelerating digital adoption, correlated with a greater perception of insurance products, have all been taken into account by international and domestic insurers as reasons for their renewed interest in collaborations with Vietnamese banks.
banks posted healthy profits during last year

Banks posted healthy profits during last year

Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
crucial legislative developments in the bond market

Crucial legislative developments in the bond market

The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
lenders advocating for improved charter capital mechanisms

Lenders advocating for improved charter capital mechanisms

Amid an urgent need for business expansion, privately-run commercial banks are executing their charter capital enhancement path, while some state-owned banks are requesting the government’s extraordinary mechanism using public budget.
banks begin to hike deposit interest rates

Banks begin to hike deposit interest rates

In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.
banks are upbeat about profit prospects in 2022

Banks are upbeat about profit prospects in 2022

The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
vietinbank vietcombank bidv and agribank offer free transaction services

VietinBank, Vietcombank, BIDV, and Agribank offer free transaction services

State-owned banks are joining the zero-fee policy to woo more customers
lenders get trendy to lap up increasing youth slice

Lenders get trendy to lap up increasing youth slice

Banks are responding to the challenge of engaging young retail customers with a wide set of inventive new products, as the retail loan segment is widely viewed as the primary driver setting the tone for the whole financial system in Vietnam.
banks enable smooth remittances

Banks enable smooth remittances

Local banks are tapping into significant huge overseas cash as Vietnam continues to maintain its growth momentum among the world’s largest remittance beneficiaries.
south korean banks add to prospects in vietnam

South Korean banks add to prospects in Vietnam

Vietnam is well-positioned to become an alluring investment constituent in Southeast Asia, particularly for South Korean financial holdings.
corporate bond ban may set back ma progress

Corporate bond ban may set back M&A progress

A ban on credit institutions and commercial banks buying corporate bonds to contribute capital and acquire shares of enterprises is being considered a barrier for investors in carrying out mergers and acquisitions.