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.
Changes needed for global banking post-coronavirus
October 02, 2020 | 19:43
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
August 14, 2020 | 15:30
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
August 13, 2020 | 15:00
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
August 12, 2020 | 14:42
Vietnamese shares gained slowly on Wednesday morning, driven by banking and consumer staples sectors.
Banks act carefully amid uncertainties
July 23, 2020 | 08:00
As the global health crisis continues to inflict hardship on every sector, both international and domestic banks are becoming more risk averse in order to keep their businesses afloat, while trying to get rid of bad loans.
Banks to sell collateral assets amid fears of rising bad debts
July 21, 2020 | 08:45
A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery.
Banks prepare to cushion slight rise in NPLs
July 08, 2020 | 12:09
Concerns are mounting about the resilience of the Vietnamese banking system amidst the COVID-19 outbreak as escalating soured debt and lower after-tax profits have put lenders in riskier positions.
Banks’ support desired for mobile payments
June 25, 2020 | 14:00
New approaches, especially regarding activities of banks, are required to boost the reach of mobile money agents and expand financial inclusion in Vietnam.
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