Banks raise provisions in anticipation of bad debt

Banks raise provisions in anticipation of bad debt

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

Shrewd activities resulting in banking bonuses for 2021

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

Lenders give nod to rate cuts to help out

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

Promoting consumer finance to fight black credit: experts

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

Commercial banks expect SBV support to disburse capital, says expert

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

Despite lower interest rates, people still put money in banks

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

Banks cut home loan interest rates

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

Reference exchange rate stable despite record gold prices

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

Techcombank to issue 4.7mn shares to employees

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

Reference exchange rate revised down 5 VND

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

SBV’s policy rate cut a positive sign for market, economy: experts

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.
Reference exchange rate up 9 VND on April 16

Reference exchange rate up 9 VND on April 16

The State Bank of Vietnam set the daily reference exchange rate at 23,236 VND per USD on April 16, up 9 VND from the previous day.
Reference exchange rate up 7 VND

Reference exchange rate up 7 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,223 VND per USD on April 14, up 7 VND from the previous day.
Reference exchange rate revised down on April 1

Reference exchange rate revised down on April 1

The State Bank of Vietnam set the daily reference exchange rate at 23,232 VND per USD on April 1, down 3 VND from the previous day.
Reference exchange rate up 5 VND on March 31

Reference exchange rate up 5 VND on March 31

The State Bank of Vietnam set the daily reference exchange rate at 23,235 VND per USD on March 31, up 5 VND from the previous day.
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