Banks prohibited from paying dividends in cash in 2022

Banks prohibited from paying dividends in cash in 2022

Vietnam's commercial banks will be barred from paying cash dividends to shareholders to reduce interest rates.
Banks posted healthy profits during last year

Banks posted healthy profits during last year

Many banks, particularly private commercial lenders, have unveiled 2021 profit figures with an unprecedented growth despite the pandemic.
Banks begin to hike deposit interest rates

Banks begin to hike deposit interest rates

In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.
Banks are upbeat about profit prospects in 2022

Banks are upbeat about profit prospects in 2022

The State Bank of Vietnam's (SBV) fresh survey shows that most credit institutions are optimistic about the business situation in the forthcoming quarter.
VietinBank, Vietcombank, BIDV, and Agribank offer free transaction services

VietinBank, Vietcombank, BIDV, and Agribank offer free transaction services

State-owned banks are joining the zero-fee policy to woo more customers
Hard limit for credit institutions buying corporate bonds

Hard limit for credit institutions buying corporate bonds

Credit institutions with a bad debt ratio of more than 3 per cent are forbidden to buy corporate bonds, according to the latest announcement from the SBV.
Low interest rates predicted to remain for last two months of 2021

Low interest rates predicted to remain for last two months of 2021

Low interest rates are predicted to remain in November and December this year.
Banks record higher profits, some exceeding annual plan

Banks record higher profits, some exceeding annual plan

Multiple banks recorded prosperous business results in the first nine months of 2021 despite the negative impacts caused by the COVID-19 pandemic, with some even exceeding business targets for the whole year.
Offering credit caution for corporate bond players

Offering credit caution for corporate bond players

Vietnamese banks and real estate developers are foraying into the corporate bond arena as it is offering attractive yields for their portfolio diversification strategies.
Three strategies for incumbent banks to jump aboard digital lending

Three strategies for incumbent banks to jump aboard digital lending

Building a new lending product, buying a pre-built platform, or partnering with fintech are the three most viable routes for banks entering digital lending.
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.
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