banks

Banks in charter capital hikes to add momentum

September 22, 2021 | 09:00

Despite concerns over a deteriorating economic picture, both local and foreign-invested banks are laying fresh momentum in the capital hike race to supplement their adequacy ratio and intensify operations in Vietnam.

Banks do away with physical offices to aid digital services

September 03, 2021 | 10:00

As Vietnam implements strict social distancing measures, banks have been stretched thin with some temporarily closing their brick-and-mortar offices to help customers go digital.

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

August 28, 2021 | 21:44

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.

300 branches and transaction offices of banks in Ho Chi Minh City temporarily closed due to COVID-19

August 24, 2021 | 11:51

Many banks branches and transaction offices in Ho Chi Minh City have to close as a result of ongoing pandemic and tighter restrictions.

Digital banking, a motivation to develop a cashless society

June 28, 2021 | 08:00

The "Digital Financing: Powering cashless economy" virtual conference by Star Media Group Malaysia was participated by top business leaders from across Asia.

Non-performing loans boosted by regulation

June 18, 2021 | 08:00

Banks are coming to grips with a tile of non-performing loans due to the pandemic. Kent Wong, partner and head of Banking and Capital Market at VCI Legal, portrays how the new circular’s debt rescheduling may affect banks, and how foreign banks could deal with distressed loans.

Navigating the transition from LIBOR

June 07, 2021 | 07:00

The transition from the London interbank offered rate to the risk-free rate will have a wide-ranging impact on banks globally. In the Asia-Pacific region, a significant number of banks will be affected by the transition as most floating rate loans are denominated in USD. Japanese yen loans also make up a significant portion of total exposures.

Credit growth may reach 12-13 per cent in 2021

March 25, 2021 | 15:58

Credit growth is expected to reach 12-13 per cent this year despite modest growth in the first quarter.

Banks required to disclose taxpayers account info to tax agencies

December 05, 2020 | 11:13

From December 5, commercial banks in Vietnam are obligated to provide information on taxpayers' bank accounts and transactions to the tax department.

Vietnamese banks' performance improves with economic recovery

November 21, 2020 | 12:21

Vietnam banks' results in the third quarter have shown easing pressure on asset quality and profitability on the back of an improving economic outlook.

Banks enlist eKYC capabilities to smooth out sign-up process

October 07, 2020 | 12:46

International and domestic banks in Vietnam are gearing up to boost their e-Know-Your-Customer process to provide customers with a seamless on-board experience and reduce paper-based procedures. However, the lack of a comprehensive legal framework remains a major issue to be tackled.