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 raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
market rebounds on energy stocks

Market rebounds on energy stocks

The market inched higher on Tuesday morning on strong gains of oil, gas and coal stocks.
banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.
inflation predicted to decrease while vnd could strengthen against usd

Inflation predicted to decrease, while VND could strengthen against USD

Vietcombank Securities (VCBS) predicts that September's inflation may decrease by up to 0.3 per cent and that the VND will could strengthen against the USD.
consumer finance survey reveals strongest financial brands in vietnam

Consumer finance survey reveals strongest financial brands in Vietnam

The biggest-ever consumer finance survey in Vietnam has named Vietcombank, BIDV, and Techcombank as the country’s three strongest financial brands. Based on over 45,222 interviews with Vietnamese consumers between July 2020 and July 2021, the results were revealed in the first YouGov Banking & Insurance rankings.
pham quang dung becomes new chairman of vietcombank

Pham Quang Dung becomes new chairman of Vietcombank

Vietcombank has appointed CEO Pham Quang Dung as its new chairman.
adjusting ownership rate for foreign investors in banking sector is a long term strategy experts

Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
rosy half year profits across the board at vietnamese banks

Rosy half-year profits across the board at Vietnamese banks

In the first half of this year, most banks have fulfilled more than half of their full-year profit targets despite COVID-19 complexities.
how the central bank can get to grips with dipping rates and economic turbulence

How the central bank can get to grips with dipping rates and economic turbulence

As global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis. Looking into the past, even in the period when the Fed raised interest rates at the end of 2015, the negative and direct impacts on Vietnam are not always clear.
six banks among 10 most effective listed companies in vietnam

Six banks among 10 most effective listed companies in Vietnam

Six Vietnamese banks, including Vietcombank, ACB, VPBank, VIB, MB, and Techcombank are among the 10 largest, most effective listed companies.
profuse real estate lending on alert

Profuse real estate lending on alert

Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
vietcombank launches ekyc allowing customers to open accounts anywhere within minutes

Vietcombank launches eKYC, allowing customers to open accounts anywhere within minutes

This outstanding development assists customers to open Vietcombank accounts anywhere and anytime online, avoiding waiting time at transaction counters.
strong rise in bank profitability in first quarter

Strong rise in bank profitability in first quarter

A number of banks recorded impressive growth in the first quarter and set a relatively strong profit growth target this year.
evn permitted to exceed loan ceiling to develop quang trach 1 thermal power plant

EVN permitted to exceed loan ceiling to develop Quang Trach 1 Thermal Power Plant

The prime minister has allowed Vietcombank to provide a loan exceeding the statutory ceiling for Electricity of Vietnam to develop Quang Trach 1 Thermal Power Plant.