points of interest at investment promotion conference in seoul

Points of interest at Investment Promotion Conference in Seoul

Many Korean investors and leaders from the authorities, as well as investment funds, investment banks, and insurance companies gathered at Vietnam’s Investment Promotion Conference in Seoul on April 18, hosted by the Vietnamese Ministry of Finance.
digital storm sweeping through banking industry

Digital storm sweeping through banking industry

EY’s Global Banking Outlook 2018 shows that 85 per cent of banks name the implementation of a digital transformation programme as a business priority for 2018.
imf warns of risks as central banks tighten

IMF warns of risks as central banks tighten

The International Monetary Fund urged central banks on Wednesday (Apr 18) to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy.
real estate loans remain high in some banks

Real estate loans remain high in some banks

Real estate lending continued to remain high at more than 10 per cent of the total outstanding loans in several banks.
banks cut deposit rates thanks to good liquidity

Banks cut deposit rates thanks to good liquidity

Many banks have recently reduced deposit interest rates by 0.2-0.4 percentage points against earlier this year due to good capital mobilisation amidst the credit slowdown.
bankers go on trial in london over euribor rigging

Bankers go on trial in London over Euribor-rigging

The first trial for the rigging of the Euribor lending rate, which has forced major banks to pay out billions, got underway in London on Monday (Apr 9).
ministries disagree on solutions to collect tax from google facebook

Ministries disagree on solutions to collect tax from Google, Facebook

The Ministry of Finance (MOF) wants the State Bank of Vietnam (SBV) to instruct commercial banks to withhold taxes from transactions with Facebook and Google, but SBV said it is not authorized to do so.
moodys upgrades rating of four banks in vietnam

Moody’s upgrades rating of four banks in Vietnam

Moody’s Investors Service has upgraded the long-term local currency deposit and local- and foreign-currency issuer ratings of ACB, MB Bank, and Techcombank from B2 to B1, while affirming the long-term local and foreign-currency deposit and issuer ratings of VPBank at B2 and upgrading its BCA to b2 from b3.
excess loans to be permitted beginning may 1

Excess loans to be permitted beginning May 1

Credit institutions and foreign banks will be allowed to grant loans to some prioritised borrowers in excess of lending limits regulated by law beginning next month.
south korean banks entering vietnam in wake of fdi surge

South Korean banks entering Vietnam in wake of FDI surge

Inspired by many South Korean businesses and investors making a splash in Vietnam, many South Korean financial institutions are seeking to further invest or shore up their operations here. And it is not only South Korean businesses, but local ones too that such investors are aiming at.
law on dual roles rearranges top bank personnel

Law on dual roles rearranges top bank personnel

In order to comply with the new amendment on holding dual posts in commercial banks and enterprises, leaders of various banks, including LienVietPostBank and Nam A Bank took leave, signalling huge changes in the banks' board of directors (BOD).
banks swimming in profit despite sluggish first quarter

Banks swimming in profit despite sluggish first quarter

Over the first quarter of 2018, scores of Vietnam-based commercial banks reported million dollar profits despite an overall sluggish market.
banks buying back bad debts from vamc

Banks buying back bad debts from VAMC

Treading in Vietcombank’s footsteps, banks are stepping up efforts to buy back bad debts from state-owned Vietnam Asset Management Company to cushion the bad debt threat.
chu lai soda causes grief even after suspension

Chu Lai Soda causes grief even after suspension

One year after Chu Lai Soda Processing JSC (Chu Lai Soda) suspended its operations, former employees are still looking for work and banks are still out to collect debts worth VND2 trillion ($88.1 million).
banks not in haste to establish financial firms

Banks not in haste to establish financial firms

Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.