28-04-2014 14:45
Many banks have planned higher profits this year as they expect better recovery in the economy.
26-04-2014 14:00
Most small and medium-sized banks have set modest profit targets in anticipation of continuing difficulties this year.
25-04-2014 10:03
Several banks have recently presented plans or expressed intentions to complete mergers even as the nation continues to speed up the restructuring of credit institutions.
22-04-2014 17:00
A conference for updates on the Foreign Account Tax Compliance Act (FATCA), jointly held by the State Bank of Vietnam (SBV) and Deloitte Vietnam and attracting representatives from more than 130 credit institutions and foreign banks’ branches, took place in Hanoi last Friday.
14-04-2014 13:10
The banking sector is likely to see a series of merger and acquisition deals in the next few months after a series of banks announced their plans to merge with other credit institutions.
07-04-2014 10:12
As well as the Vietnamese government’s VND30 trillion ($1.4 billion) bailout package, the real estate market has received a VND50 trillion ($2.38 billion) commercial credit package. Banks are now collaborating with developers to try and support buyers through a range of preferential lending schemes. Phan Thanh Mai, general director of the Vietnam Construction Bank, tells VIR that the money is sufficient but there is a shortage of viable projects.
06-04-2014 09:22
The State Bank of Viet Nam planned to merge six or seven more banks, SBV governor Nguyen Van Binh said.
24-03-2014 09:42
The State Bank of Viet Nam has issued a circular allowing commercial banks an additional year before applying new, strict debt classification standards.
22-03-2014 08:46
Visa and MasterCard have stopped servicing the credit cards of customers using Russian banks affected by the economic sanctions announced in Washington, the banks said on Friday.
10-03-2014 16:10
A tense agenda is expected at the annual general shareholder meeting of Ho Chi Minh City-based Sacombank scheduled to take place later this month, said a source familiar with the bank.
06-03-2014 08:47
Five banks at the centre of London's gold trade have been sued in New York for manipulating prices, in the latest accusation of fraudulent collusion in the global finance hub.
05-03-2014 14:42
Banks’ profit targets for this year are proving very modest compared to those of previous years as they face mounting bad debts.