Agribank launches online account opening and transactions during pandemic

Agribank launches online account opening and transactions during pandemic

Agribank's Electronic Know Your Customer (eKYC) solution contributes to improving customer experience, simplifies the account opening process.
Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

Adjusting ownership rate for foreign investors in banking sector is a long-term strategy: experts

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
State-owned lenders maintain positive run

State-owned lenders maintain positive run

Four state-owned commercial banks in Vietnam have revealed their upbeat business performance and are fully committed to deploying all resources possible to ease the current economic stress, thereby reflecting their influence on the country’s financial landscape.
Profuse real estate lending on alert

Profuse real estate lending on alert

Loans related to real estate-backed collateral and build-operate-transfer projects are classified as among the riskiest and largest portion of banks’ portfolios, which might require restrictive approaches on quantitative quotas.
Ratings agencies bullish on credit growth prospects

Ratings agencies bullish on credit growth prospects

Although the State Bank of Vietnam has set stringent limits on credit growth at commercial lenders in a bid to control risky lending activities, commercial lenders are now looking forward to a potential future easing of the credit growth limit.
Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks increase global brand finance ranking

Nine Vietnamese banks made it on the Brand Finance Banking 500, including Agribank, Vietcombank, VietinBank, VPBank, BIDV, Techcombank, MB, Sacombank, and ACB.
Agribank will accelerate charter capital increase and equitisation in 2021

Agribank will accelerate charter capital increase and equitisation in 2021

Agribank is facing many challenges, especially in increasing its charter capital and conducting equitisation, yet it remains ambitious for 2021.
Local lenders increase fund reserves

Local lenders increase fund reserves

Vietnamese banks are making a beeline to increase capital, accelerate financial capacity, and tap into overseas funds.
Banks to offer credit packages for customers affected by COVID-19

Banks to offer credit packages for customers affected by COVID-19

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.
Banks support customers affected by COVID-19

Banks support customers affected by COVID-19

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.
Lenders at odds with supporting strategies

Lenders at odds with supporting strategies

While Vietnamese lenders have stepped up their support for the virus-hit economy by reducing lending rates or offering relief measures, foreign banks are adopting a wait-and-see approach.
Government backs capital hike plans for four State-owned banks

Government backs capital hike plans for four State-owned banks

The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Viet Nam (SBV) Le Minh Hung.
Europe firms may purchase 49pc in local banks

Europe firms may purchase 49pc in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 per cent of only two local commercial banks, Nguyen Thi Thu Trang, Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry, said on Wednesday.
Giants like MobiFone, Agribank, and SJC set to be equitised next year

Giants like MobiFone, Agribank, and SJC set to be equitised next year

Only 15 months remain for 93 state-owned enterprises and groups, including MobiFone, Agribank, SJC, VICEM, and Vinacomin, among others, to finish equitisation.
Gov’t plans to equitize 93 State-owned enterprises through 2020

Gov’t plans to equitize 93 State-owned enterprises through 2020

Prime Minister Nguyen Xuan Phuc has signed a Decision approving the list of 93 State-owned enterprises which will be equitized from now to the end of 2020.
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