09-12-2015 10:17
Vietnamese shares rose on both local bourses yesterday, led by the financial sector after it was announced that a large amount of bad loans were sold to the Viet Nam Asset Management Corporation during the third quarter.
05-12-2015 09:19
Vietnamese shares extended their losses on bothlocal exchanges this morning, led by banks, after the European CentralBank (ECB) cut interest rates last night.
01-12-2015 14:43
Vietnamese shares ended mixed on the two local bourses this morning, while banks made slight gains after a short pause yesterday.
01-12-2015 09:03
Domestic commercial banks need to give top investment priority to information technology if they want to develop better retail banking strategies, according to independent market watchdogs.
26-11-2015 15:10
Shares declined this morning on the HCM Stock Exchange, reducing the gains made yesterday, when the benchmark VN-Index inched down 0.3 per cent to close at 594.13 points.
24-11-2015 09:04
Though non-performing loans (NPLs) of commercial banks have dropped, their potentially irrecoverable debts have surged significantly, according to bizlive.vn.
20-11-2015 11:34
The Ministry of Finance has instructed commercial banks to completely stop over-the-counter tax payments and work with tax agencies to implement online tax payments by the beginning of December.
19-11-2015 08:45
Many Vietnamese are buying new cars financed by soft loans widely offered by local banks, reflecting demand for serviced cars, especially Uber, as they find joining the U.S-headquartered app-based car service provider will give them a good source of income.
16-11-2015 08:48
In an exclusive interview on a recent visit to Vietnam, Citi CEO Mike Corbat discussed Citi’s transformation into a simpler and safer institution that still banks companies and individuals across the world, and that is on track to meet its financial targets. He also discussed the important contributions from Asia and Vietnam and the outlook for the TPP.
09-11-2015 17:14
Commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market, according to Dau tu (Investment) newspaper.
05-11-2015 08:06
Profitability of domestic commercial banks has reduced compared to previous years due to rising risk provisions for non-performing loans, according to a report from the National Financial Supervisory Commission (NFSC).
02-11-2015 08:10
Though local state-owned enterprises wishes to sell stakes in banks to which they contributes capital, no foreign investors want to buy such stakes unless the foreign ownership limit at banks is lifted.
30-10-2015 14:24
Vietnamese shares continued to advance, rising slightly this morning on both local exchanges, led by banks' performances.
29-10-2015 13:43
The Ministry of Finance has refused to offer preferential tax policies to credit institutions that are participating in the restructuring of the banking sector.
16-10-2015 09:26
The Vietnam Asset Management Company has begun to issue a new class of bond against bad debts it buys from credit institutions, one that can be traded between the central bank and lenders as well as among the latter.