Local banks to face competition from foreign rivals

Transactions at Vietcombank. The bank takes the lead in Top 10 most prestigious commercial banks in Viet Nam in 2020. — Photo courtesy of Vietcombank Domestic banks are expected to... Read more »

Banks to sell collateral assets amid fears of rising bad debts

Era Town project in District 7, HCM City. Some assets auctioned by banks have struggled to find buyers. — Photo vietnamfinance.vn A number of banks have announced plans to auction... Read more »

AIIB approves $100-million loan to VPBank

Clients make transactions at VPBank. — Photo baotintuc.vn The Asian Infrastructure Investment Bank (AIIB) said late last week that its board of directors had approved a US$100-million loan to the... Read more »

More loans to enjoy restructured repayment periods

A branch of the Viet Nam Bank for Agriculture and Rural Development in Yen Bai Province. The State Bank of Viet Nam was drafting an amended circular which would allow... Read more »

Banks do well in first half but difficulties lie ahead for the year

A VPBank office. The private-equity lender estimated its six-month profit would be VND6 trillion (US$258.8 million). — Photo tinnhanhchungkhoan.vn Despite a worldwide economy hit hard by the COVID-19 pandemic, the... Read more »

Stronger money policies might be considered to aid economic growth

The banking system pledges to supply adequate capital for the economy. — Photo tinnhanhchungkhoan.vn The State Bank of Viet Nam could increase credit growth limits for credit institutions this year... Read more »

Stronger money policies might be considered to aid economic growth: SBV

The banking system pledges to supply adequate capital for the economy. — Photo tinnhanhchungkhoan.vn The State Bank of Viet Nam could increase credit growth limits for credit institutions this year... Read more »

How will mobile money affect e-wallets?

A new trend is payment services on mobile devices, which is called mobile money. — Photo vietnamplus.vn Non-cash payment activities have developed strongly in recent years with many payment services... Read more »

SeABank allowed to increase charter capital

SeABank and Viet Nam State Treasury (VST) signed a co-operation agreement. — Photo courtesy of SeABank The State Bank of Viet Nam (SBV) has permitted Southeast Asia Joint Stock Commercial... Read more »

Techcombank targeted VND13 trillion pre-tax profit in 2020

Techcombank’s annual general meeting of shareholders was held in Ha Noi on Saturday. — VNS Photo Techcombank (TCB) has set a pre-tax profit target of VND13 trillion (US$559.3 million) in... Read more »

Firms with greenback loans see more positive outlook in Q2 2020

The US dollar has devalued against the Vietnamese dong in the second quarter of 2020. — VNA/VNS Photo Firms with US dollar-denominated debts estimate to regain significantly in the second... Read more »

Lender ACB to issue bonus shares at the rate of 30 per cent

The Asia Commercial Joint Stock Bank (ACB) on Tuesday held the 2020 annual shareholders’ meeting. — Photo vietnambiz.vn Asia Commercial Joint Stock Bank (ACB) plans to pay a 30 per... Read more »