years target rests on h2 credit growth

Year's target rests on H2 credit growth

Credit growth in the first half of the year was only 2.3 per cent, however, banks still expect the credit will gradually improve in the second half of the year to achieve the annual target of 12-14 per cent.
european regulator tells banks to shun bitcoin

European regulator tells banks to shun Bitcoin

Europe's top banking regulator on Friday called on the region's banks not to deal in virtual currencies such as Bitcoin until rules are developed to stop them being abused.
banks move to decrease borrowing costs again

Banks move to decrease borrowing costs again

Some commercial banks have cut deposit interest rates by 0.2-0.5 percentage points in the past 10 days to reduce input capital costs and further lower borrowing costs.
banks entice local foreign firms

Banks entice local, foreign firms

With bank lending rates falling sharply in recent months, companies should grab this opportunity to borrow to develop their business, analysts said.
sbv calms forex fluctuations

SBV calms forex fluctuations

Hanoi - Commercial banks pushed the US dollar rate to the ceiling on Monday, spurring the central bank to lower its selling price yesterday in a bid to calm the market.
banks give vnd10 trillion to vietnamese fishermen

Banks give VND10 trillion to Vietnamese fishermen

The governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said that the SBV and Vietnamese commercial banks will disburse a total VND10 trillion (USD476 million) in support of local fishermen.
export credit shows signs of growth

Export credit shows signs of growth

Though banking sector credit grew slowly in the early months of this year, executives at many banks have said that production-business activities related to import and export have gradually rebounded.
banks still attractive despite low deposit rates

Banks still attractive despite low deposit rates

The latest figures from the State Bank of Vietnam’s Monetary Policy Department show that as of April 22, total bank deposits had risen 3.09 per cent against the beginning of this year, with dong deposits rising 4.26 per cent but with US dollars down 3.98 per cent.
retail banking the key to competitiveness

Retail banking the key to competitiveness

Banks are scaling up efforts to find suitable market segments for business promotion to boost efficiency.
western union becomes one of the first global money transfer companies in myanmar

Western Union becomes one of the first global money transfer companies in Myanmar

The Western Union Company, one of the leaders in global payment services, on 21 May in Vietnam, cooperated with more than 30 banks to bring customers a fast, convenient and reliable service.
european central banks renew gold agreement ecb

European central banks renew gold agreement: ECB

A group of 21 European central banks said on Monday they have no plans to sell "significant" amounts of gold over the next five years.
ifc helps vietnamese banks improve sustainable project lending curb risks

IFC helps Vietnamese banks improve sustainable project lending, curb risks

IFC, a member of the World Bank Group, is helping Vietnamese banks better manage environmental and social risks in their lending operations to improve the sustainability of projects they finance locally and abroad and strengthen their portfolio performance.
local banks struggling to find foreign partners

Local banks struggling to find foreign partners

It appears that many foreign players are mulling alternatives to joining with local partners to bolster efficiency when it comes to mergers and acquisitions in the banking sector.
shareholders unhappy with lower unpaid dividends

Shareholders unhappy with lower, unpaid dividends

Shareholders in many banks have not received their dividends in recent years though banks have set low rates, but not cut them completely.
banks prioritise consumer lending

Banks prioritise consumer lending

Banks are showing a bigger appetite for joining with financial entities to tap the potential consumer loan market.