Banks steady as profits keep rolling in
March 16, 2022 | 10:00
Commercial banks in Vietnam are expecting to reap excellent profits thanks to their broad range of financial services and elevating credit demand, particularly as the upheaval triggered by the pandemic has abated.
Sixteen banks cut over VND21.2 trillion for pandemic-hit customers
February 11, 2022 | 09:42
Sixteen commercial banks cut over VND21.24 trillion (US$936 million) of loan interest for COVID-19-hit customers from July 15 to December 31, 2021, surpassing their commitment by 5.13 per cent, the State Bank of Vietnam (SBV) reported on Wednesday.
Banks reach for the stars with tie-ups
January 27, 2022 | 09:00
The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.
Crucial legislative developments in the bond market
January 13, 2022 | 12:48
The State Bank of Vietnam (SBV) has previously issued regulations on prudential ratios and limits over banking activities while recently the ability of businesses to pay loans and interest has been severely affected by the current pandemic. As a result of these twinned developments, commercial banks have become more and more cautious in granting credit.
Banks raise provisions in anticipation of bad debt
November 10, 2021 | 21:41
In the face of rising bad debt amid the ongoing COVID-19 pandemic, commercial banks have been forced to write up their loan loss provisions, according to industry sources.
Shrewd activities resulting in banking bonuses for 2021
July 30, 2021 | 13:46
Despite the unexpected turbulence from public health challenges, privately-held commercial banks in Vietnam are enjoying stellar profit bonanzas thanks to their full suite of minted financial services, alongside cost-effective drives and debt rescheduling roadmaps.
Lenders give nod to rate cuts to help out
July 23, 2021 | 17:17
Commercial banks have agreed to slash additional interest rates as they sought to help reignite Vietnam’s economy and support vulnerable businesses and individuals...
Promoting consumer finance to fight black credit: experts
January 24, 2021 | 10:17
Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20.
Commercial banks expect SBV support to disburse capital, says expert
September 18, 2020 | 11:20
The State Bank of Viet Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.
Despite lower interest rates, people still put money in banks
September 10, 2020 | 09:11
Though the deposit interest rates of commercial banks have been reducing, people are still putting their money into banks amid the pandemic.
Banks cut home loan interest rates
August 12, 2020 | 09:45
Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
Reference exchange rate stable despite record gold prices
August 05, 2020 | 11:46
The State Bank of Vietnam set the daily reference exchange rate at 23,208 VND per USD on August 5, down 6 VND from the previous day.
Techcombank to issue 4.7mn shares to employees
June 19, 2020 | 10:28
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue 4.7 million shares to current employees under its employee stock ownership plan (ESOP), at a price of 10,000 VND (0.43 USD) per share.
Reference exchange rate revised down 5 VND
June 02, 2020 | 10:05
The State Bank of Vietnam set the daily reference exchange rate at 23,251 VND per USD on June 2, down 5 VND from the previous day.
SBV’s policy rate cut a positive sign for market, economy: experts
May 15, 2020 | 10:20
The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
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