18-09-2018 10:09
The General Department of Customs (GDC) announced another four banks that qualify to provide its 24/7 e-tax payment scheme, raising the total to 22 banks.
05-09-2018 18:03
Foreign players are eager to join Vietnam’s lucrative fintech market, while local banks have been scaling up co-operation with fintech firms to avail themselves of Industry 4.0 opportunities.
04-09-2018 11:37
The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.
01-09-2018 09:15
Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half.
30-08-2018 12:30
There has been great variations in small-scale banks’ bad debts performance in the first half of the year, with some showing great improvements, while others struggle to cope.
28-08-2018 11:19
Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
28-08-2018 10:08
Local credit institutions might struggle more in the second half of the year, with some even having to downsize full-year profit targets, as they are approaching the credit growth limit and the central bank refuses to allow more leeway to maintain macroeconomic stability.
25-08-2018 10:30
The Government will continuously fine-tune legal regulations to encourage and popularise the payment of public services through banks, deputy governor of the State Bank of Viet Nam (SBV) Nguyen Kim Anh said at a forum on accelerating the payment of public services via banks held in Ha Noi on Friday.
24-08-2018 11:11
Experts have agreed with the Government’s plan to restrict or even stop licensing wholly foreign-owned banks in Vietnam, saying it was necessary to help increase the stability of the domestic banking system.
23-08-2018 15:00
By slashing state ownership at three state-owned banks, the Vietnamese government is taking a progressive step in its quest to perk up the banking system, bring it up to regional standards, and prepare for the banks to be listed on international stock exchanges in the near future. Trang Nguyen and Nam Phuong report.
22-08-2018 17:42
The current challenges brought about by changes in the business environment and increasing requirements of risk management regulations have promoted banks, including Eximbank, to synchronise particular products.
21-08-2018 10:29
Saigon Joint Stock Commercial Bank (SCB) and three banks from Hong Kong committed to mutually provide credit and ensure a stable financing source for Union Square to foster its business operations.
17-08-2018 09:00
Vietnamese fintech companies can expect a raft of foreign financial institutions seeking a relationship with them, as the latter have found this route a promising one to access the underbanked population of the country.
17-08-2018 08:00
Vietnam M&A Forum 2018 last week announced the winners of the best deals and advisory firms for 2017-2018 and the decade between 2009 and 2018. The award winners are companies, banks, and advisory firms that have made significant contributions to landmark M&A results and excellence in engagement delivery.
16-08-2018 10:08
Moody’s Investors Service on Tuesday upgraded the ratings of 14 Vietnamese banks, driven by its upgrade of Vietnam’s sovereign rating to Ba3 from B1 late last week.