vietnamese banks performance improves with economic recovery

Vietnamese banks' performance improves with economic recovery

Vietnam banks' results in the third quarter of this year have shown easing pressure on asset quality and profitability on the back of an improving economic outlook, says Fitch Ratings in a new report.
banks cautioned over bancassurance

Banks cautioned over bancassurance

The Vietnamese central bank has emphasised that lenders are not allowed to force customers to buy compulsory insurance products to receive bank loans, even as bancassurance services have become a strategic priority for many.
banks raise foreign ownership ratio to improve financial strength

Banks raise foreign ownership ratio to improve financial strength

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.
cryptocurrency bounce could be catalyst for mainstream use

Cryptocurrency bounce could be catalyst for mainstream use

Global market fluctuations, as well as mainstream organisations and central banks’ ambition to launch digital currencies, are seen as an endorsement for crypto asset activities, while gold is meanwhile still proving its glitter as a safe-haven investment worldwide.
core functions possibly at stake without sufficient digitalisation

Core functions possibly at stake without sufficient digitalisation

Payment intermediary is one among three core functions, and has always been considered as a unique and unparalleled feature of commercial banks. However, this might not be the case anymore as a number of century-old brands have collapsed due to their conservative mindset and unwillingness to change.
land rental rise in industrial property

Land rental rise in industrial property

The increasing demand and the drying up of land banks in industrial zones has bumped up rental prices in first-tier property markets in Vietnam.
retail banking give boost to local market

Retail, banking give boost to local market

Vietnamese shares inched up on Monday morning as retailers and banks’ stocks progressed amid caution over the US presidential election.
vietnam to allow banks to use foreign e wallets for intl payments

Vietnam to allow banks to use foreign e-wallets for int’l payments

The State Bank of Vietnam is drafting a circular regarding cashless payments which might allow domestic commercial banks and domestic intermediary payment companies to co-operate with foreign intermediary payment companies to provide international payment services.
banks in hcm city to continue supporting businesses

Banks in HCM City to continue supporting businesses

Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.
banks agrico firms lift market up

Banks, agrico firms lift market up

Vietnamese shares remained upbeat on Wednesday morning on the growth of banking and agriculture sectors.
banks digital transformation in need of new legal framework

Banks' digital transformation in need of new legal framework

In the wave of bank’s digital transformation, it is necessary to establish a comprehensive legal framework to completely boost the process.
banks cut interest rates from october

Banks cut interest rates from October

Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.
banks put pedal to the metal in digital transformation

Banks put pedal to the metal in digital transformation

The banking industry has been recently abuzz with digital transformation as lenders embark on their journey to become more tech-enabled to keep pace with disruptive technologies. Notwithstanding, many are still unsure about what digital transformation entails, and whether customers would welcome innovations.
banks enlist ekyc capabilities to smooth out sign up process

Banks enlist eKYC capabilities to smooth out sign-up process

International and domestic banks in Vietnam are gearing up to boost their e-Know-Your-Customer process to provide customers with a seamless on-board experience and reduce paper-based procedures. However, the lack of a comprehensive legal framework remains a major issue to be tackled.
data sharing and security top concern for banks experts

Data sharing and security top concern for banks: experts

Big data is a vital issue for banks in the digital transformation process, with data sharing and security top concerns, experts have said.