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SBV shifts up interest rates to combat US Fed adjustments

06-10-2022 09:30

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.

Staying ahead with fiscal and monetary milestones

06-10-2022 09:19

As the State Bank of Vietnam has raised interest rates to control inflation, economist Le Xuan Nghia spoke with VIR’s Hong Dung about the impact of the hike on the credit market.

Home Credit becomes member of Vietnam Bank Card Association

05-10-2022 17:25

Home Credit Vietnam has joined the Vietnam Bank Card Association (VBCA) under the Vietnam Banks Association (VNBA), marking a milestone in the development of the digital consumer financier in Vietnam’s financial market.

Banking industry steps up digital transformation

05-10-2022 16:20

The pandemic has been prompting banks to adapt. As digital transformation has become inevitable, banks have stepped up their efforts to adopt more new technologies in the digitalisation race.

Banking-as-a-Service picks up steam to aid growth strategies

05-10-2022 15:20

As embedded finance is rising in the financial sector, Banking-as-a-Service platforms are now being widely looked at and adopted by Vietnamese banks.

HSBC mulls sale of Canada unit

05-10-2022 11:33

HSBC is mulling the sale of its Canadian business, the Asia-focused bank said Tuesday.

Launching Eximbank EDigi digital bank on a modern platform

05-10-2022 08:00

Eximbank is introducing Eximbank EDigi, a digital bank that combines internet and mobile banking to offer users a seamless and consistent experience across a range of services.

The impressive 20-year development journey of VBSP

04-10-2022 18:27

Founded on October 4, 2002, the past 20 years has marked a successful development journey for the Vietnam Bank for Social Policies (VBSP) whose work has played a significant role in turning Vietnam into a bright spot in the global implementation of the millennium development goals on poverty reduction.

Credit growth cap remains indispensable for macroeconomic stability

04-10-2022 09:09

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.

Banking, real estate not ideal options for short-term investors

02-10-2022 17:12

By the end of this year, oil and gas, transportation, insurance, retail, and hydropower sectors will see positive signals, while the banking and real estate sectors are not ideal options for short-term investment, said experts from DNSE Securities Company.

Central bank acts to tighten dong liquidity

02-10-2022 17:07

The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system at a sufficient level and create indirect impacts on the interbank interest rates.