banks support desired for mobile payments

Banks’ support desired for mobile payments

New approaches, especially regarding activities of banks, are required to boost the reach of mobile money agents and expand financial inclusion in Vietnam.
authorities get to grips with new bad debt mountain

Authorities get to grips with new bad debt mountain

A spike in the amount of bad loans sitting in banks’ books has triggered Vietnamese authorities to seek new paths to recovery, with the upcoming bad debt exchange platform envisaged to allow investors to buy and sell distressed assets, which can boost market liquidity. 
techcombank to issue 47mn shares to employees

Techcombank to issue 4.7mn shares to employees

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
banks continue to depreciate the greenback

Banks continue to depreciate the greenback

After four sessions of appreciating the US dollar against the Vietnamese dong, the State Bank of Viet Nam (SBV) adjusted the greenback down on Wednesday, while commercial banks followed the trend.
vietnamese banks in a bright spot in the post pandemic world

Vietnamese banks in a bright spot in the post-pandemic world

Vietnamese banks offer attractive investment opportunities because of the sector's fast growth prior to COVID-19 and the country's relatively unscathed emerging from the pandemic, which, combined with the young and highly-productive labour force promises a glorious time ahead.
a string of banks land the hsx

A string of banks land the HSX

Following recovery plans after the pandemic came under control in Vietnam, many banks have recently announced plans to move their lists to the Ho Chi Minh City Stock Exchange (HSX).
lpga banks on british open after losing first major to virus

LPGA banks on British Open after losing first major to virus

PARIS: LPGA Tour Commissioner Mike Whan said he felt "pretty sure" the Women's British Open could go ahead in August despite France's Evian Championship becoming the first women's golf major to be lost to the COVID-19 pandemic.
climbing the value chain to maximise investment

Climbing the value chain to maximise investment

In general, foreign investors are seeking safe, stable investment environments with established real estate market practices, rule of law, and structured land ownership, with available financial support from banks. Vietnam, Indonesia, and the Philippines have all worked hard to improve their legal frameworks to protect foreign investors and remove risks associated with issues such as repatriation of funds and providing a safe working environment for their employees.
foreign fix to banks capitalisation ails

Foreign fix to banks’ capitalisation ails

A string of Vietnamese banks, particularly state-owned lenders, are facing capital shortfalls but upcoming tie-up deals with foreign investors could give the financial sector some much-needed momentum.
banks upbeat about charter capital hike in 2020

Banks upbeat about charter capital hike in 2020

Banks, especially State-owned banks, are expected to increase their capital significantly this year as they are allowed to retain profits or pay dividend in shares instead of cash as previously.
from retail to finance vietnam all set to rebound with poise

From retail to finance, Vietnam all set to rebound with poise

Vietnam’s early efforts to weather the COVID-19 storm have helped its economy to reopen much sooner than others, with many sectors that have suffered badly from the outbreak – from retail to finance –now recovering with poise.    
reference exchange rate revised down 5 vnd

Reference exchange rate revised down 5 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,251 VND per USD on June 2, down 5 VND from the previous day.
upcoming evfta to fortify lenders

Upcoming EVFTA to fortify lenders

European and Vietnamese banks alike could gain the upper hand down the road thanks to upcoming ratification of the historic trade deal between Vietnam and the EU.
developers dine on industrial land

Developers dine on industrial land

As Vietnam has emerged as an attractive option for companies seeking to diversify their manufacturing operations, industrial zone developers are planning to expand their land banks to welcome new investments heading to the country.
vir seminar restarting the economy to stimulate demand on consumer finance

VIR seminar: Restarting the economy to stimulate demand on consumer finance

Restarting the economy will improve the demand for consumer finance, however, both consumer finance companies and banks need to build diverse loans to meet customer demand.