banks sell mortgaged assets to resolve bad debts

Banks sell mortgaged assets to resolve bad debts

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.
commercial banks cut profit target amid covid 19 pandemic

Commercial banks cut profit target amid COVID-19 pandemic

Many banks in Vietnam have reduced their profit target for 2020, and plan to support companies severely impacted by the COVID-19 pandemic.
banks change executives on threshold of agms

Banks change executives on threshold of AGMs

Amidst the complicated development of the COVID-19 pandemic, many banks have postponed their annual general shareholders' meetings, yet affected great changes in management.
banks ramp up support for customers in covid 19 time

Banks ramp up support for customers in COVID-19 time

Amidst the unpredictable developments of the COVID-19 epidemic, many banks have slashed lending rates by up to 2 per cent per year to help customers mitigate the implications on their lives and business.    
lenders shore up business activities

Lenders shore up business activities

Central banks have taken up new relief plans to mitigate a sharp contraction sparked by the coronavirus outbreak across the globe, including cutting costs, slashing rates, and delaying dividend payouts.
banks to offer credit packages for customers affected by covid 19

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
reference exchange rate up 7 vnd on april 3

Reference exchange rate up 7 VND on April 3

The State Bank of Vietnam set the daily reference exchange rate at 23,239 VND per USD on April 3, up 7 VND from the day before the national holiday commemorating the Hung Kings on April 2.
banks are not allowed to pay cash dividends to alleviate covid 19 impact

Banks are not allowed to pay cash dividends to alleviate COVID-19 impact

The State Bank of Vietnam (SBV) has just taken additional measures, which requires commercial banks to proactively reduce and tighten operating costs to alleviate the growing concerns over the impact of COVID-19.
reference exchange rate revised down on april 1

Reference exchange rate revised down on April 1

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on April 1, down 3 VND from the previous day.
reference exchange rate up 5 vnd on march 31

Reference exchange rate up 5 VND on March 31

The State Bank of Vietnam set the daily reference exchange rate at 23,235 VND per USD on March 31, up 5 VND from the previous day.
reference exchange rate continues to go down at weeks beginning

Reference exchange rate continues to go down at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).
reference exchange rate down 10 vnd on march 25

Reference exchange rate down 10 VND on March 25

The State Bank of Vietnam set the daily reference exchange rate at 23,250 VND per USD on March 25, down 10 VND from the previous day.
reference exchange rate up 1 vnd on march 24

Reference exchange rate up 1 VND on March 24

The State Bank of Vietnam set the daily reference exchange rate at 23,260 VND per USD on March 24, up 1 VND from the previous day, the eighth consecutive upward adjustment.
banks support customers affected by covid 19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
commercial banks cut down deposit rates

Commercial banks cut down deposit rates

Commercial banks continued to cut deposit rates on September 19 after the State bank revised down benchmark rates.