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Sixteen banks cut over VND21.2 trillion for pandemic-hit customers

11-02-2022 09:42

Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.

Banks reach for the stars with tie-ups

27-01-2022 09:00

The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.

Banks prioritise loans for at-risk businesses

26-01-2022 15:00

Banks’ loan allocations will be distributed to much-needed sectors, such as production, while the central bank pledges to impose strict oversight over at-risk enterprises, notably over their real estate holdings, hazardous corporate bonds, and stocks in 2022.

ASEAN Committee in Czech Republic supports local people amid COVID-19

24-01-2022 10:20

Ambassadors and representatives of six countries in the ASEAN Committee in Prague (ACP) presented foodstuff to the Czech Federation of Food Banks on January 20.

Banks prohibited from paying dividends in cash in 2022

20-01-2022 11:28

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

Japanese banks adjust to demographics

18-01-2022 14:00

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

17-01-2022 20:25

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

17-01-2022 10:46

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

13-01-2022 14:43

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

13-01-2022 13:25

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

13-01-2022 12:48

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.