As more than $52 billion is due to banks and bondholders from real estate corporations, not to mention the requirement for additional loans, experts say a purge in the real estate market is unavoidable.
The State Bank of Vietnam (SBV) will likely provide commercial banks with more credit room in January, according to economists.
Many large deals are on the horizon in mergers and acquisitions (M&A) in banking and finance in 2022, with transaction values of billion of dollars.
While digital transformation has become an inevitable trend for development in today’s modern world, compliance risk, however, might pose remarkable hurdles to banks wishing to go digital.
Banks' customers are being targeted by new phishing attacks by criminals posing as bank officials and asking customers for their one-time password (OTP).
Many countries are rushing to sell US bonds as China might be threatening to dump US bonds. Experts are weighing how the situation would impact Vietnam’s development.
Agribank’s revenue in the first half of 2018 increased by 37 per cent, which is a positive signal for the bank before its IPO, but problems with capital pose a threat to success.
Foreign players are eager to join Vietnam’s lucrative fintech market, while local banks have been scaling up co-operation with fintech firms to avail themselves of Industry 4.0 opportunities.
DeAura, in collaboration with FE Credit, enticed thousands of customers to sign loan agreements of nearly $2,000 each without any financial check.
Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.
After the government green-lighted Vietcombank to sell the state-owned stake to foreign investors, the bank is expected to sell a total of 10 per cent, commensurate with over 350 million shares, in a separate issuance and/or through public auction to a limited number of foreign investors.
Over the last thirteen months, the volume of foreign investment injected into Vietnam-based financial institutions (FIs) not only bolstered M&A (mergers and acquisitions) in the finance-banking sector, but also sped up the restructuring process at FIs.
A few days after the Tet Holiday, numerous commercial banks silently raised interest rates due to liquidity-related issues, the whopping demand for capital, and the great competition among Vietnam-based commercial banks.
With the season of banks’ annual general meetings (AGMs) approaching, small-scale banks are distressed over countless issues, such as failing to reach 2017 targets, the alarmingly high rate of non-performing loans, the constant alteration of banks’ key positions, and bottomed-out stock prices.
On the tenth day of the first month of every lunar year, aka Caishen Day attributed to the sacred God of Wealth, domestic gold buyers stream to gold stores due to the common belief that great fortune would be bestowed upon whoever purchases gold on that day.