trung luong my thuan expressway a step closer to resume construction

Trung Luong-My Thuan Expressway a step closer to resume construction

Successfully accessing banks loans takes Trung Luong-My Thuan Expressway-phase 1 closer to its launch in 2020.
bancassurance to boost bank profits

Bancassurance to boost bank profits

Partnerships with insurance firms are expected to bring in a huge amount of cash for Vietnamese banks, who want to diversify their non-interest income.
financial experts urge caution against dollar loans

Financial experts urge caution against dollar loans

Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
commercial banks to support wb projects

Commercial banks to support WB projects

Sai Gon-Ha Noi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World Bank.
vib issues vib world mastercard with massive incentives

VIB issues VIB World MasterCard with massive incentives

The brand new premium VIB World MasterCard credit card offers impressive rewards and benefits for cardholders, including a credit limit of VND1.2 billion ($52.6 million), up to 10 per cent cash back on dining expenses during a trip abroad, and free services in more than 850 VIP lounges at airports around the world.
banks raise charter capital on own power for basel ii

Banks raise charter capital on own power for Basel II

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership limits and hassles during negotiation have made local banks less attractive.
banks aim to up capital ahead of new standards

Banks aim to up capital ahead of new standards

Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Viet Nam (SBV).
operators and banks looking at busy times with changing phone numbers

Operators and banks looking at busy times with changing phone numbers

The shift from 11 to 10-digit numbers will force millions of users to re-register their personal information in several places.
vn stocks bounce back on banks

VN stocks bounce back on banks

Vietnamese shares soared on Thursday on strong demand from investors for financial-banking firms and property developers.
fintech firms need support from banks sbv

Fintech firms need support from banks: SBV

The fintech (financial technology) sector is facing difficulties of capital mobilisation shortage, inadequate legal framework and banks’ hesitance in co-operation, said Le Minh Hung, Governor of State Bank of Vietnam (SBV).
new regulation reduces cross ownership in banks

New regulation reduces cross-ownership in banks

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.
vinafood 2 deep in losses after successful ipo

Vinafood 2 deep in losses after successful IPO

The outstanding loans of Vinafood 2 (Southern Food Corporation) from banks stood at nearly VND2.3 trillion ($101.25 million) at the end of 2017, including VND1.186 trillion ($52.25 million) owed by the parent company and VND1.113 trillion ($49 million) by the subsidiaries.
banks raise fees e wallet to be preferred

Banks raise fees, e-wallet to be preferred

While numerous banks raise service fees on online and mobile banking as well as ATM withdrawals, more and more people choose e-wallet apps for comfort and freedom.
new technologies to prevent anti money laundering activities

New technologies to prevent anti-money laundering activities

When financial transactions grow rapidly in size and variation, banks are required to work together and invest more in advanced technologies to combat money laundering.
hcmc boosts supporting industries

HCMC boosts supporting industries

HCM City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.