vietnam stocks make large gains

Vietnam stocks make large gains

Vietnamese shares rose sharply this morning on both local markets, led by banks and energy firms.
vn stocks drop further

VN stocks drop further

Vietnamese shares fell again on both local markets this morning, led by banks, as investors showed low confidence in stocks.
lienvietpostbank chooses oracle flexcube to support its growth and market leadership

LienVietPostBank chooses Oracle FLEXCUBE to support its growth and market leadership

LienVietPostBank, among Vietnam’s top 10 largest private banks in terms of assets and equity, has chosen Oracle FLEXCUBE as its core banking platform.
social banks committed to govt targets

Social banks committed to gov't targets

Social and development banks will intensify their service quality to fulfil their missions this year, their leaders said, after they were entrusted with government targets.
new banking guidebook to promote security

New banking guidebook to promote security

The related party transaction guidebook for Vietnamese commercial banks was published in Hanoi yesterday.
viet nam stocks fall led by banks food companies

Viet Nam stocks fall, led by banks, food companies

Vietnamese shares fell yesterday in HCM City, led by banks and food companies.
central rate up commercial banks drop rates

Central rate up, commercial banks drop rates

The State Bank of Viet Nam (SBV) levelled the interbank exchange rate in the last two days while local commercial banks reduced theirs.
bad debts success not enough

Bad debts success not enough

Despite bad debts dropping well below the 3 per-cent threshold, local banks are still struggling with debt recovery.
foreign banks path to dominate domestic market

Foreign banks’ path to dominate domestic market

Not satisfied with serving only foreign-invested entreprises operating in Vietnam, foreign banks are working to expand amongst domestic customers.
restructuring drives changes in banks top leader positions

Restructuring drives changes in banks’ top leader positions

Major local banks see top tier leadership changes as the sector has undergone more than three years of restructuring. This trend is forecasted to ramp up even further when the process enters its final stages. 
vinasiam breakdown brings prospects for thai banks

Vinasiam breakdown brings prospects for Thai banks

Upon request of Vinasiam Bank (VSB), the State Bank of Vietnam (SBV)’s Governor issued Decision No. 2653/QD-NHNN on December, 30, 2015, to revoke the bank’s  licence. 
local shares continue upward trend

Local shares continue upward trend

Vietnamese shares extended a rally yesterday on both local markets as banks continued to benefit from foreign purchases.
annual interest rate on dollar deposits cut to 0

Annual interest rate on dollar deposits cut to 0%

Starting on December 18, the maximum interest rate paid to individuals depositing US dollars in local banks will be zero per cent per year, the central bank announced.
sbv to cut bank reserve requirement in january

SBV to cut bank reserve requirement in January

The State Bank of Viet Nam (SBV) will reduce the reserve requirement ratio for banks that take part in the restructuring of the banking system.
banks called on to improve efficiency

Banks called on to improve efficiency

The rapid integration requires urgent improvement in the legal framework of credit institutions to enhance operation efficiency and competitiveness amid anticipated rising competition, a conference heard yesterday.