20 banks and vamc to be audited for bad debts performance

20 banks and VAMC to be audited for bad debts performance

The State Audit Office of Vietnam (SAV) will audit the accounts of Vietinbank, BIDV, VAMC, and 18 other joint-stock commercial banks for their performance in resolving bad debts.
banks forecast further improvements

Banks forecast further improvements

A majority of credit institutions in the country said their business performance in the first quarter of 2019 was better than the same period last year, according to the State Bank of Vietnam's March survey released late last week.
foreign investors set their sights on poorly performing banks

Foreign investors set their sights on poorly-performing banks

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.
corporate bonds give bank deposits a run for their money

Corporate bonds give bank deposits a run for their money

A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.
govt urged to help local banks lure foreign capital

Gov’t urged to help local banks lure foreign capital

The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
domestic banks gain cptpp benefits

Domestic banks gain CPTPP benefits

The Comprehensive and Progressive Trans-Pacific Partnership is ­expected to bring in fresh opportunities for international banks in Vietnam, as well as possible merger and acquisition deals with local partners.
e procurement system applied to banks projects

E-procurement system applied to banks’ projects

In order to enhance competitiveness and transparency, two major lenders have begun using the Vietnam National E-Procurement System to bid online for construction and goods supply contracts for their projects.
banks gearing up for change

Banks gearing up for change

Innovative technologies, changing customer demands, and shifting regulatory landscapes are transforming the global banking industry. John Garvey (left), Global Finanical Services leader of professional services firm PwC, and Grant Dennis (right), general director of PwC Consulting Vietnam, discuss the impact of these trends on Vietnamese banks and their shift towards a more customer-centric and digital mindset.
banks struggle to lure long term capital

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.
local stocks extend gains for a third straight day

Local stocks extend gains for a third straight day

Vietnamese shares ended Thursday on a positive note with extended growth among commercial banks, but stronger selling hindered the market’s short-term prospects.
banks urged to complete listing plans

Banks urged to complete listing plans

The latest regulatory requirements make it impossible for banks to continue delaying their listing plans.
foreign investment in banking to surge

Foreign investment in banking to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
pwc global experts discuss the future of banking

PwC global experts discuss the future of banking

“Banks will need to be on the cutting edge of technology and make sure that customers’ needs are ingrained in every offering,” PwC’s global financial services leader John Garvey advised local bank leaders at “The Future of Banking” event held by PwC Consulting Vietnam in Hanoi today (March 6, 2019).
local banks continue to appeal to foreign capital

Local banks continue to appeal to foreign capital

With high profitability and a strong rebound, local banks are becoming tempting targets for foreign investors mulling over stake purchase deals.
banks insurers boost bancassurance to get returns

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up co-operation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.