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.
medium sized banks boosting capital to enhance financial strength

Medium-sized banks boosting capital to enhance financial strength

Medium-sized banks are working on massive capital increase plans to boost their financial capacity, striving to reach Basel II standards.
banks raise fees over 55 million trash atm cards

Banks raise fees over 55 million trash ATM cards

Many banks have decided to increase banking service fees in early May. Economists suppose that the widespread use of ATM cards is the main cause behind the increases.
cashless transformation requires top payment security

Cashless transformation requires top payment security

As the Asia-Pacific is going ahead in the transformation from cash to digital payments, payment security has risen as a key focus for payment providers, banks, governments and consumers, according to Visa.
hsbc ing banks announce blockchain first

HSBC, ING banks announce blockchain first

Banking giants HSBC and ING on Monday said they had carried out a landmark  blockchain transaction aimed at speeding up payment processes and making them more secure.
banks warn customers over online scamming

Banks warn customers over online scamming

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have issued official warnings to customers over online phishing scams.
commercial banks discuss mas again

Commercial banks discuss M&As - again

After a quiet period, M&As have once again become a hot topic of discussion at banks’ annual shareholders’ meetings. Several big deals are expected to be completed this year.
us 10 billion plan for global education launched at un

US$10 billion plan for global education launched at UN

The United Nations joined the World Bank and four regional development banks on Friday (May 11) to launch a plan to boost funding for education by US$10 billion as new data shows a growing gap over access to schools.
draft law lifts banks role in e commerce

Draft law lifts banks’ role in e-commerce

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.
banks tighten lending rules

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.
hdbank stands tall as one of the nations most profitable banks

HDBank stands tall as one of the nation’s most profitable banks

The 2018 annual general shareholders’ meeting of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) was concluded successfully with a shareholder turnout of 85.6 per cent. All submissions of the board of directors were passed with high approval rates.
bank earnings to boost shares

Bank earnings to boost shares

Bank stocks are expected to lead growth in the stock exchanges this week as investors could be inspired to press the “buy” button by supportive news arriving from the banks’ annual shareholder meetings and first-quarter earnings reports.