upward trend in bank interest rates

Upward trend in bank interest rates

At the beginning of December some banks cut deposit interest rates by 0.1-0.2 percentage points.
city to build 28 anti erosion embankments

City to build 28 anti-erosion embankments

The HCM City People’s Committee has approved construction of embankments at 28 outlying locations to prevent erosion of river and canal banks.
a fintech wave hit vietnams banking

A Fintech wave hit Vietnam’s banking

In 1994 Bill Gates made a haunting prediction. “Banking is essential. Banks are not.”
cristiano ronaldo declared 20m in swiss banks report

Cristiano Ronaldo declared €20m in Swiss banks: Report

MADRID: Cristiano Ronaldo declared income of over €225 million (S$340 million) in 2015, including €20 million held in 22 Swiss bank accounts, a Spanish newspaper reported Sunday (Dec 11) as the Real Madrid star battles accusations of tax evasion.
deposits rise in dong nais banks

Deposits rise in Đồng Nai’s banks

Credit organisations in Đồng Nai Province have mobilised VNĐ153 trillion (US$6.8 billion) in deposits from early this year till date, which is 23 per cent higher than at end-2015.
dong continuously slides against dollar on local market

Đồng continuously slides against dollar on local market

The US dollar today continuously strengthened against the Vietnamese đồng at local banks and on the informal domestic market.
some banks cut deposit interest rates

Some banks cut deposit interest rates

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Viet Nam (SBV).
european stocks hit by tumbling italian banks shares

European stocks hit by tumbling Italian banks' shares

LONDON: Italian banks shares slumped on Monday (Nov 28) as risks linked to a crucial weekend referendum cast a shadow over markets across Europe, while oil prices fluctuated along with the chances for an OPEC deal.
central bank ready to sell the dollar to stabilise forex market

Central bank ready to sell the dollar to stabilise forex market

After listing the đồng/dollar exchange rate at the cap regulated by the central bank yesterday, commercial banks this morning lowered their rate, in the wake of an affirmation from the central bank to be ready to sell the dollar to intervene in the forex market.
masan banks lift local stocks

Masan, banks lift local stocks

Shares rallied for a third succession session on Wednesday, driven by consumer goods producer Masan Group’s dividend payment plan, while financial-banking stocks continued to perform well.
foreign banks eye hcm citys infra projects

Foreign banks eye HCM City’s infra projects

Banks from South Korea and Japan have expressed interest in providing capital for infrastructure projects in HCM City.
vietinbank to enhance operational risk management

VietinBank to enhance operational risk management

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) recently hosted a conference titled “Operational Risk Management: An update on current trends and recommended application in Vietnam commercial banks” in Hanoi.
vietnamese banks urged to go digital

Vietnamese banks urged to go digital

Digital banking has assumed crucial importance in the development of Viet Nam’s banking system, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) stressed at a recent conference.
banks cut back lending for property sector

Banks cut back lending for property sector

The interest rates on medium- and long-term loans to the property sector have recently increased by 1-1.5 percentage points.
vn bank profits surge on services not lending

VN bank profits surge on services, not lending

Some commercial banks have reported high profits in the first nine months of the year thanks to a restructuring effort which focuses on services instead of lending as previously done.