banks remain wary of low credit growth

Banks remain wary of low credit growth

Overall weak credit demand in the market, with consumption growth still sluggish, is causing banks that do not meet their credit growth targets to have quotas proactively transferred by the State Bank of Vietnam (SBV) to banks with better capabilities.
policy on rescheduling debt repayment period extended

Policy on rescheduling debt repayment period extended

The State Bank of Vietnam (SBV) has decided to allow commercial banks to reschedule the debt repayment period and maintain the debt group for certain sectors for an additional six months, to support struggling businesses.
loan interest rates move slower than deposit rates

Loan interest rates move slower than deposit rates

Amid concerns that the strong push for higher deposit rates by banks will lead to an increase in interest rates, Tran Ngoc Bau, CEO of WiGroup Data and Financial Technology JSC, spoke with VIR’s Nhue Man about expectations for the market.
major commercial banks to lead credit growth in second half of the year

Major commercial banks to lead credit growth in second half of the year

Major commercial banks are readying their resources to lead overall credit growth during the peak season of production, business, investment, and consumption.
low lending rates may boost credit growth

Low lending rates may boost credit growth

A slight increase in deposits recently has not affected lending rates, which banks are keeping low in hopes of facilitating the flow of credit.
gold bullion for sale online at two more banks

Gold bullion for sale online at two more banks

State-owned commercial banks BIDV and Agribank have started selling gold bullion online.
buyers no longer line up for gold purchases at banks

Buyers no longer line up for gold purchases at banks

Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.
businesses wary of rising deposit rates

Businesses wary of rising deposit rates

Although deposit interest rates are increasing, lending rates will remain at current levels as regulatory bodies and commercial banks strive to support businesses in accessing capital.
larger lenders in good growth stead

Larger lenders in good growth stead

Despite uncertainties in the banking sector, investment opportunities remain, especially for larger banks with stronger credit growth and those with close ties to real estate developers.
economic recovery and legal reforms to propel vietnams stock market

Economic recovery and legal reforms to propel Vietnam's stock market

Do Thanh Tung, deputy head of Research at Viet Dragon Securities (Rong Viet Securities), spoke with VIR's Luu Huong how positive economic recovery and strategic legal amendments are expected to support the stock market's stability and growth in the coming months.
banks in singapore tighten management after 3 billion usd money laundering case

Banks in Singapore tighten management after 3-billion-USD money laundering case

Banks in Singapore, including Citigroup and DBS Group Holdings, are ramping up scrutiny of their wealthy customers and potential clients to avoid exposure to illicit flows.
top 10 reputable commercial banks for 2024 unveiled

Top 10 reputable commercial banks for 2024 unveiled

The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.
high end customers pave the way for specialised financial product ecosystem

High-end customers pave the way for specialised financial product ecosystem

With the growth of the middle class in the Vietnamese market, amidst a positively growing economy, the number of high-end customers for financial institutions, banks, and securities companies is steadily increasing. Dau Thi Kim Nhung, head of Retail Marketing at Vietcombank, covers priority customer activities with VIR’s Hazy Tran.
sbv predicts sjc branded gold bullion price to keep declining

SBV predicts SJC-branded gold bullion price to keep declining

The narrowing of the gap between domestic and global gold prices may further pull down the selling price of SJC-branded gold bullion of state-owned commercial banks and Saigon Jewelry Company (SJC) in the near future, Dao Xuan Tuan, Director General of the State Bank of Vietnam (SBV)'s Foreign Exchange Management Department, has said.
pvcombank builds success on aws cloud

PVcomBank builds success on AWS cloud

PVcomBank, one of the fastest growing banks in Vietnam, is building a platform on AWS to deploy advanced technologies to promote innovation, enhance customer satisfaction, and increase operational efficiency. Trinh Vinh Hien, deputy IT director at PVcomBank, and Eric Yeo, country manager at AWS Vietnam, spoke with VIR’s Bich Thuy about the partnership and moving forward.