positive signs from vietnams banks as credit ranking rises

Positive signs from Vietnam’s banks as credit ranking rises

The world’s leading credit rating firms have ranked Vietnamese commercial banks at higher positions this year, reflecting the success of monetary policy and efforts made by commercial banks.
gobear shakes hands with credolab to approach 495 million locals

GoBear shakes hands with CredoLab to approach 49.5 million locals

Personal finance comparison website GoBear and smartphone-based alternative credit scoring provider CredoLab announced today their partnership to launch Easy Apply, a smartphone app that enables banks, financial institutions, and lenders to extend credit to a larger pool of customers while keeping risks in check.
moodys upgrades ratings on vietnamese banks

Moody’s upgrades ratings on Vietnamese banks

Moody’s Investors Service has upgraded and affirmed the long-term local and foreign-currency issuer ratings and deposit ratings for numerous Vietnamese banks, and changed Sacombank’s outlook to stable from negative.
small scale banks massively hike charter capital

Small-scale banks massively hike charter capital

Small banks are mulling over capital hikes and listing plans amid favourable market conditions and rosy business performance.
eximbank launches chatbot application for 247 customer care

Eximbank launches ChatBot application for 24/7 customer care

With the rapid development of the Fourth Industrial Revolution in recent years, the banking and finance industry has rapidly adopted advanced technologies. ChatBot is one specific application that has been launched by many banks and financial institutions around the world as well as in Vietnam to provide prompt support to customers.
banks race to fund green energy projects

Banks race to fund green energy projects

Commercial banks are rushing to provide loans for green energy projects amid a wave of investment in the growing industry, dubbed a landmark for the country’s renewable energy outlook.
vietnamese banks have eye on foreign markets

Vietnamese banks have eye on foreign markets

Several Vietnamese banks were gearing up expansions to foreign markets to tap increasing overseas investment by Vietnamese businesses.
banks jump into the e wallet business

Banks jump into the e-wallet business

More and more banks are entering the e-wallet business as they see huge growth potential in the wake of the Government’s plan to reduce cash payments to below 10 per cent of all transactions by 2020.
banks cut fees to improve business climate

Banks cut fees to improve business climate

Banks have cut service fees in response to the Government’s push to improve the business environment, deputy governor of the State Bank of Viet Nam (SBV) Dao Minh Tu said on Thursday.
state audit agency will evaluate 25 state enterprises in 2019

State Audit agency will evaluate 25 State enterprises in 2019

The State Audit of Viet Nam (SAV) will audit 25 State-owned enterprises and financial organisations in 2019. They include the State Bank of Viet Nam, 21 economic groups and corporations and three banks and credit institutions.
massive tax scam cost europe 55 billion euros report

Massive tax scam cost Europe 55 billion euros: Report

A gigantic years-long tax scam saw banks drain 55 billion euros (US$63 billion) from national treasuries in Europe, a far larger sum than previously thought, media from across the continent reported Thursday (Oct 18).
strong lenders continue to flourish

Strong lenders continue to flourish

Vietnamese banks have reported positive third-quarter results for 2018, continuing on the recovery path and making it easier for them to seek foreign capital in the future.
banks real estate and petro firms drive market up

Banks, real estate and petro firms drive market up

Vietnamese shares advanced on Tuesday morning, driven by real estate firms, petroleum companies and banks.
scb forges ahead to use industry 40s potential

SCB forges ahead to use Industry 4.0’s potential

To keep up with the ever-increasing demands of the Fourth Industrial Revolution, banks around the world as well as in Vietnam are being proactive in research and development of modern applications when crafting their products and services, as well as in implementing governance activities that are compatible with Industry 4.0. Saigon Joint Stock Commercial Bank (SCB) is not an exception.
property sector calls for rethink on bank loans

Property sector calls for rethink on bank loans

The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said.