banks step up to lure demand deposits

Banks step up to lure demand deposits

Competition among banks to lure demand deposits is becoming fiercer as the cheap capital source helps banks increase their net interest income (NIM) ratio.
lenders reinforcing cyber defences

Lenders reinforcing cyber defences

Although banks and innovative fintech technologies already benefit customers’ experience, they also come with possible cyber threats, especially as customers often do not realise the risks.
vietnams banking industry set to be revolutionised by big data and cloud computing

Vietnam’s banking industry set to be revolutionised by big data and cloud computing

AI, big data, and cloud computing are revolutionising industries around the world and banking is no different. Banks in developing economies stand to benefit the most.
vietnam japan banks provide joint financial services

Vietnam, Japan banks provide joint financial services

The Saigon Commercial Joint Stock Bank (SCB) has recently entered into a strategic cooperation deal with Kiraboshi Business Consulting Vietnam, the representative of Kiraboshi Bank of Japan.
which vietnamese banks have been keeping npls under 1 per cent

Which Vietnamese banks have been keeping NPLs under 1 per cent?

While a number of banks experienced sharp increases in non-performing loans (NPLs) due to the unprecedented pandemic, some lenders have successfully kept their NPL ratios below 1 per cent.
banks launch domestic credit chip cards

Banks launch domestic credit chip cards

The National Payment Corporation of Vietnam (Napas) and seven domestic banks recently launched domestic credit chip cards with unified standards to promote cashless payments and tackle black credit.
govt urged to develop legal framework for direct lending for sme development

Gov’t urged to develop legal framework for direct lending for SME development

The Government has been urged to develop a legal framework for the Small- and Medium-sized Enterprises (SMEs) Development Fund in terms of direct lending, in addition to trust and indirect lending services provided through commercial banks, to provide broader access to soft loans by SMEs.
banks to introduce domestic credit chip cards to promote cashless payments

Banks to introduce domestic credit chip cards to promote cashless payments

The National Payment Corporation of Viet Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.
promoting consumer finance to fight black credit experts

Promoting consumer finance to fight black credit: experts

Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20.
banks to make provisions for covid 19 affected loans this year

Banks to make provisions for COVID-19 affected loans this year

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
insurance gap adding risk to families

Insurance gap adding risk to families

With a large percentage of the poor population in coastal localities often living in run-down houses, many families are in need of insurance packages for their homes. However, a lack of related insurance programmes among banks may leave their dreams out of reach.
local lenders increase fund reserves

Local lenders increase fund reserves

Vietnamese banks are making a beeline to increase capital, accelerate financial capacity, and tap into overseas funds.
with covid 19 under control vietnams tourism sector banks on domestic travel

With COVID-19 under control, Vietnam's tourism sector banks on domestic travel

Vietnam will continue to use flexible measures to stimulate the domestic tourism market as international borders remain shut due to the global COVID-19 pandemic, a top tourism official has said.
expanding digital only lenders open up framework questions

Expanding digital-only lenders open up framework questions

Despite still being modest in number, digital-only banks in Vietnam are accelerating progress by partnering up with physical lenders, while the country formulates suitable regulations for fully-virtual banks.
banks to stop issuing magnetic strip cards in three months

Banks to stop issuing magnetic strip cards in three months

Vietnamese banks will only be allowed to issue chip cards from March 31, 2021, according to a State Bank of Vietnam (SBV) draft circular.