Banks are racing to catch digitisation trend: expert

Banks racing to digitise is an inevitable trend, experts said. — VNA/VNS Photo Viet Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in... Read more »

PM calls for continued restructuring of credit organisations

Farmers in Long An Province complete procedures to get loans. State commercial banks’ total assets account for 42.8 per cent of the whole banking system. — VNA/ VNS Photo Tran... Read more »

MIC launches PayGov to upgrade national public portal

Nine payment intermediaries signed a co-operation agreement with MoIT for the implementation of the National Payment Gateways (PayGov) in Ha Noi on July 24. — VNS Photo Minh Huong The... Read more »

Moody’s maintains VPBank’s credit ratings at “stable”

Moody’s maintained its credit rating with VPBank, showing that the bank has good financial capacity, with risks less than initial concerns when the disease started. — Photo courtesy of VPBank... Read more »

VIB’s H1 pre-tax profit suprasses the yearly target

A phone screen shows VIB’s MyVIB app. — Photo courtesy of the bank Vietnam International Bank (VIB)’s pre-tax profit exceeded 52 per cent of its business plan, reaching over VND2.35... Read more »

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 »