banks begin tightening screws on property credit

Banks begin tightening screws on property credit

Huynh Quang Khanh invests in real estate by leveraging credit. Seventy per cent of his investment comes from banks. He has borrowed VNĐ1 billion at an interest rate of 9.5 per cent from a bank in Tan Phu District and also asked some of his relatives to borrow on his behalf from that bank.
banks prohibited from disbursing loans in cash

Banks prohibited from disbursing loans in cash

The State Bank of Viet Nam has tightened lending regulations, prohibiting credit institutions and foreign bank branches from disbursing loans in cash, effective from April 2, according to a new circular.
private equity finds its way into local banking

Private equity finds its way into local banking

The local banking sector is regaining its place in the sun this year, as more banks are due to get listed on the stock exchanges, while others are undertaking capital raising rounds where more shares are on offer to potential investors. Foreign investment funds, rather than foreign banks, are the ones with the most appetite for a slice of the local banks.
shareholder activism tops banks agm agendas

Shareholder activism tops banks' AGM agendas

Over the past three years, the manipulation of voting rights or shareholder activism among leaders in the board of directors in Vietnam-based commercial banks was among the most debatable issues brought up at the banks' annual general meetings (AGM).
fireworks fest prices announced

Fireworks fest prices announced

Ticket prices for the 2018 Danang International Fireworks Festival will range from VNĐ300,000 ($13.3) to VNĐ2 million ($88.5) for each night’s performance on the Han River banks between April 30 and June 30.
cross ownership wipe out in financial institutions to finish soon

Cross-ownership wipe-out in financial institutions to finish soon

Over the past three years, divestment activities stoked up the cross-ownership "wipe-out" among Vietnam-based financial institutions in order to strengthen ownership transparency.
four banks to organise agm this week

Four banks to organise AGM this week

The LienVietPostBank, SCB, MB and VIB are due to organise the annual general meeting (AGM) of shareholders this week.
shares up on property and bank stocks

Shares up on property and bank stocks

The benchmark VN Index rose sharply on Tuesday morning as real estate stocks remained upbeat and banks performed strongly as well.
stable foreign exchange rate expected in 2018

Stable foreign exchange rate expected in 2018

Some commercial banks appreciated the US dollar after last week’s interest rate hike by the US Federal Reserve (Fed). Experts, however, have said the exchange rate between the US dollar and Vietnamese đồng is likely to remain relatively stable throughout the year.
massive profits slated for finance and banking sector in 2018

Massive profits slated for finance and banking sector in 2018

Throughout the annual general meetings (AGMs) season, numerous commercial banks unveiled remarkable business targets for the year ahead, promising huge revenues, profits, and charter capital raises.
banks seek expats for leading roles

Banks seek expats for leading roles

Vietnam’s finance and banking sector has attracted quite a number of foreigners to leading roles over the years. This trend is expected to continue, as foreign expertise and experience are in high demand for the sector’s development and expat incomes have become more competitive over the years.
bank tickers not losing charm

Bank tickers not losing charm

The recent divestments of foreign investors from bank tickers might not mean that the financial sector is losing its charm to foreign shareholders.
commercial banks still ailing from bad debts curse

Commercial banks still ailing from bad debts curse

Despite significant efforts to resolve bad debts over the course of 2017, commercial banks will likely carry a total VND60 trillion ($2.64 billion) of bad debts into 2018.
korean investors crowd vietnams credit sector

Korean investors crowd Vietnam's credit sector

Shinhan Bank, Woori Bank, KEB Hanam, and Lotte Card are among the Korean investors currently present in the Vietnamese credit market, aiming to grasp the top spots in the credit card segment which previously was rated as "highly potential."
repos bound to be hotcake in government securities market

Repos bound to be hotcake in government securities market

Over the past several months, repurchase agreements (repos) were reported to be in growing demand among commercial banks in the government securities sector.