Banks in charter capital hikes to add momentum

Banks in charter capital hikes to add momentum

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

Banks do away with physical offices to aid digital services

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

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

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

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

Digital banking, a motivation to develop a cashless society

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

Non-performing loans boosted by regulation

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

Navigating the transition from LIBOR

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

Credit growth may reach 12-13 per cent in 2021

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

Banks required to disclose taxpayers account info to tax agencies

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

Vietnamese banks' performance improves with economic recovery

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

Banks enlist eKYC capabilities to smooth out sign-up process

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.
Changes needed for global banking post-coronavirus

Changes needed for global banking post-coronavirus

Life for many of us has changed beyond recognition compared to just a few months ago – and one of the biggest changes...
Banks to cut costs to aid COVID-19 affected firms

Banks to cut costs to aid COVID-19 affected firms

The State Bank of Viet Nam (SBV) has asked banks to further reduce operating costs in the remaining months of the year in order to continue lowering interest rates to support COVID-19 affected firms and individuals.
Banks weigh up options through exchange shake-up

Banks weigh up options through exchange shake-up

A number of Vietnamese banks have accelerated their initial public offering process or switched exchanges, signalling ambitions to tap into the potential of large capital inflows, despite the market remaining highly volatile.
Banks, consumer companies boost VN market

Banks, consumer companies boost VN market

Vietnamese shares gained slowly on Wednesday morning, driven by banking and consumer staples sectors.
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