banks hopeful for mortgage market growth

Banks hopeful for mortgage market growth

With housing demand remaining strong, banks are optimistic 2017 will be a big year for mortgages.
banks report satisfactory profits increased bad debts

Banks report satisfactory profits, increased bad debts

Banks’ finance reports in 2016 show good news and bad news. Most of them had profits higher than the year before, but the number of non-performing loans increased.
city property firms aim for cooperation stability

City property firms aim for cooperation, stability

HCM City needs better co-operation among the State, developers, builders, material suppliers and banks to improve the local property market, the HCM City Real Estate Association has said.
basel ii inevitable for vietnamese banks

Basel II inevitable for Vietnamese banks

As Vietnam becomes more integrated into the world economy, banks looking to improve competitiveness and governance, especially in risk management, should apply Basel II standards.
banks foresee good profit in 2017

Banks foresee good profit in 2017

Compared to 2016, banks are looking at brighter prospects in 2017 as many indexes look like they are on a trend of improvement.
japanese vietnamese cooperation in finance banking a successful marriage

Japanese, Vietnamese cooperation in finance, banking a successful marriage

Japanese enterprises in banking and finance are now the biggest foreign shareholders in Vietnamese banks, financial and financial leasing companies, and their Vietnamese partners highly regard their expertise and support.
banks appetite for real estate lending drives up interest rates

Banks’ appetite for real estate lending drives up interest rates

Banks’ favour for lending to real estate is the reason for high lending interest rates.
vietnamese banks overly dependent on credit growth

Vietnamese banks overly dependent on credit growth

Many banks complain that the cost of capital increases and they cannot increase lending rates, so interest margins are quickly narrowing, which affects profit.
sbv announces compulsory ma for weak banks

SBV announces compulsory M&A for weak banks

​The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer. 
citi named best foreign investment bank in vietnam

Citi named Best Foreign Investment Bank in Vietnam

Citi has been named Best Foreign Investment Bank in Vietnam and Best Bank in Asia Pacific for 2016 by leading FinanceAsia Magazine, based on the performance of banks across institutional and retail banking for the past 12 months.
analysis basel ii bank performances

Analysis: Basel II bank performances

Updated financial reports coming from nine out of 10 banks, consisting of Vietcombank, Vietinbank, BIDV, VIB, ACB, Techcombank, VPBank, MB, and Sacombank (leaving Maritime Bank out of the list as its latest reports were dated 2015) that are to implement Basel II requirements by 2018, showed that the percentage of income generated by banks arose chiefly from credit activities.
investors fuel hi tech agricultural revolution

Investors fuel hi-tech agricultural revolution

Hi-tech agriculture is riding a new wave of investment in 2017, with the participation of numerous enterprises, banks, and the resolute determination from the government.
major banks capital stuck at ailing furniture firm

Major banks’ capital stuck at ailing furniture firm

Viet A Bank, Dong A Bank, and four other banks each have millions of dollars stuck in loss-making furniture firm Truong Thanh Furniture Corporation (TTF).
vietcombank blames outdated technology for unpaid interest

Vietcombank blames outdated technology for unpaid interest

One of Vietnam’s biggest banks in terms of assets blamed the automatic rounding of numbers in its system for VND9.7 billion ($428,500) of wrongly calculated, unpaid interest.
big banks cautiously greet trump move to loosen rules

Big banks cautiously greet Trump move to loosen rules

NEW YORK: Wall Street bankers expressed quiet satisfaction Friday (Feb 3) with signals that President Donald Trump intends to roll back some of the tough financial regulations enacted after the 2008 financial crisis.