staff fleeing banks by the thousands

Staff fleeing banks by the thousands

In addition to fluctuating business performance, 2019’s first half also saw thousands of staff leave from some banks.
banks unexpectedly cut lending rates to aid businesses

Banks unexpectedly cut lending rates to aid businesses

Some banks have unexpectedly announced they would cut interest rates on Vietnamese dong loans in the Government’s priority sectors to support firms in 2019, starting from today.
banks step up bad debt recovery in 2019

Banks step up bad debt recovery in 2019

Some banks have recovered trillions of Vietnamese dong in bad debt by selling off assets secured with non-performing loans in the first half of 2019.
lists of compulsory non cash transactions announced

Lists of compulsory non-cash transactions announced

Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.
fintech driven lending to alleviate sme financing gap

Fintech-driven lending to alleviate SME financing gap

Vietnamese small- and medium-sized enterprises now have a new option for working capital loans, driven by a partnership between banks and fintech companies. Dr Sian Wee Tan and Vihang Patel, cofounders of Singaporean fintech firm Finaxar, which just launched its Vietnam subsidiary Finaxar VN LLC, talked to VIR’s Nam Phuong about this new lending model and why it is different from other offers in the Vietnamese financial market.
commercial banks recorded strong growth in first half of 2019

Commercial banks recorded strong growth in first half of 2019

A number of commercial banks have disclosed positive results for the first six months of 2019.
foreign currency lending abolished impact on enterprises

Foreign currency lending abolished – impact on enterprises

Enterprises can borrow money in Vietnamese dong (VND) and then purchase foreign currency for payment when they need the capital to import input materials, say commercial banks.
foreigners legible to make term deposits at local banks

Foreigners legible to make term deposits at local banks

Resident and non-resident foreigners in Viet Nam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Viet Nam has said.
commercial banks provide loans for green energy projects

Commercial banks provide loans for green energy projects

Commercial banks are offering more low-interest loans with long repayment terms for household solar-energy projects.
vn stocks slip as economic worries return

VN stocks slip as economic worries return

Vietnamese shares dropped on Tuesday morning, dragged by banks, petro firms and real estate companies.
banks boost retail lending for solar energy

Banks boost retail lending for solar energy

Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives.
new sbv regulation to help realty market grow sustainably

New SBV regulation to help realty market grow sustainably

The State Bank of Viet Nam (SBV) has recently made public a draft circular on safety limits for banks and called for public comment on the proposed changes. The circular would tighten regulations on lending, especially in the high-end real estate segment.
banks look towards ifrs 9 practical implementation

Banks look towards IFRS 9 practical implementation

The transition to IFRS 9 will be challenging, but with careful preparations, the changes that this reporting standard brings might turn into opportunities for banks, experts from PwC and SAS said at a workshop held in Hanoi yesterday.
vietnamese banks ipo plans pushed back again

Vietnamese banks' IPO plans pushed back again

The long-awaited listing of many large Vietnamese banks has once again been delayed as banks wait for market conditions to improve.
building trust critical for digital banking development

Building trust critical for digital banking development

Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on Friday.