banks take action to bolster business

Banks take action to bolster business

With the COVID-19 epidemic showing no sign of slowing down, and continuing to inflict hardship on businesses, global central banks and local commercial lenders have joined the race to help lift economies up from a downward spiral.
shares gain narowly as banks growth tempts investors to sell

Shares gain narowly as banks' growth tempts investors to sell

Vietnamese shares gained narrowly as investors took use of intra-day growth to stave off risks and foreign investors remained net sellers.
reference exchange rate down 1 vnd on march 5

Reference exchange rate down 1 VND on March 5

The State Bank of Vietnam set the daily reference exchange rate at 23,203 VND per USD on March 5, down 1 VND from the previous day.
global events hinder bank ipo plans

Global events hinder bank IPO plans

Concerns over the lacklustre market have played a part in weakening investors’ appetite and could pose risks for Vietnamese banks going public this year.
vietnamese banks see improved solvency

Vietnamese banks see improved solvency

Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
south korean banks apply caution amid relief moves

South Korean banks apply caution amid relief moves

South Korean lenders are continuing to play the waiting game in regards to measures to combat damage caused by the coronavirus outbreak, though domestic banks and investors have been placing growing bets on rate cuts or tolerance to loans.
banks step up with willing support for covid 19 times

Banks step up with willing support for COVID-19 times

Many banks have rolled out soft credit packages in a bid to help customers, both retail and corporate ones, to mitigate the adverse impacts of COVID-19.
reference exchange rate down 5 vnd at weeks beginning

Reference exchange rate down 5 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,219 VND per USD on March 2, down 5 VND from the last working day of previous week (February 28).
reference exchange rate down 10 vnd on february 28

Reference exchange rate down 10 VND on February 28

The State Bank of Vietnam set the daily reference exchange rate at 23,224 VND per USD on February 28, down 10 VND from the previous day.
banks speed recruitment to meet expansion plans

Banks speed recruitment to meet expansion plans

Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020.
sbv orders banks to cut or delay interest payments to cushion economy

SBV orders banks to cut or delay interest payments to cushion economy

Commercial banks in Vietnam will likely cut or delay interest payments on loans in a bid to cushion the domestic economy against a global slowdown amplified by the wide-spreading coronavirus contagion, following directions from the State Bank of Vietnam. 
ifc increases trade finance limits to support vietnamese businesses amid covid 19

IFC increases trade finance limits to support Vietnamese businesses amid COVID-19

IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential trade finance challenges triggered by the outbreak of the novel coronavirus, known as COVID-19.
lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
foreign banks to arrange funds for lng fired power plants

Foreign banks to arrange funds for LNG-fired power plants

PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai.
stocks rebound despite measure of pessimism among foreign investors

Stocks rebound despite measure of pessimism among foreign investors

In the first two days of the week, Vietnamese stocks bounced back a little from a coronavirus-induced plunge due to banks' extending a helping hand to affected companies. However, foreign investors remained bullish on Hoa Phat Group, Vinamilk, and Masan stocks.