Fitch rates Standard Chartered Bank Vietnam “BB” with stable outlook

Fitch rates Standard Chartered Bank Vietnam “BB” with stable outlook

These ratings are capped by Fitch’s country ceiling of BB for Viet Nam and would typically represent the highest possible rating for a bank operating in Viet Nam. — Photo... Read more »
VN to soon have a debt exchange

VN to soon have a debt exchange

Viet Nam Asset Managemetnt Company will establish a debt exchange in the next five years. — Photo baodauthau.vn Establishing a debt exchange has been earmarked as a key task of... Read more »
SBV tells banking industry to develop an inclusive finance system

SBV tells banking industry to develop an inclusive finance system

People in Phu Tho Province join the credit incentive programme. Viet Nam has been working on an inclusive finance system to serve all people in the country.— VNA/VNS Photo The... Read more »
Despite lower interest rates, people still put money in banks

Despite lower interest rates, people still put money in banks

Customers transact at Vietcombank’s head quarter at 198 Tran Quang Khai Street, Ha Noi — VNA/VNS Photo Tran Viet Though the deposit interest rates of commercial banks have been reducing,... Read more »
HDBank keeps foreign ownership cap at 21.5%

HDBank keeps foreign ownership cap at 21.5%

An HDBank office in Ha Noi. — VNA/VNS Photo Tran Viet The HCM City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5... Read more »
HCM City bank credit grows at3.68 per cent amid Covid woes

HCM City bank credit grows at3.68 per cent amid Covid woes

A bank branch in HCM City. Total outstanding loans of credit institutions in the city as of August 31 was up 3.68 per cent for the year, the lowest growth... Read more »
International card organisations continually urged to cut fees

International card organisations continually urged to cut fees

The association in April this year proposed the transaction fees to be cut by at least 50 per cent for both banks which issue cards and receive payments. Photo baodautu.vn... Read more »
Pandemic derails banks’ capital hike plans

Pandemic derails banks’ capital hike plans

ACB is among a few banks to complete the charter capital this year. — Photo ACB Banks are facing major challenges to carry out their capital increase plans this year... Read more »
Low-cost capital source drops sharply in many banks

Low-cost capital source drops sharply in many banks

The interest rates of demand deposits are much lower than term deposits’, being only around 0.2 per cent per annum. — Photo cafef.vn Many banks no longer benefit from demand... Read more »
More than $267 million mobilised from G-bonds

More than $267 million mobilised from G-bonds

Illustrative photo. More than $267.4 million worth of Government bonds are raised on August 12. — VNA/VNS Photo The State Treasury raised more than VND6.2 trillion (US$267.4 million) of Government... Read more »
Banks to cut costs to aid COVID-19 affected firms

Banks to cut costs to aid COVID-19 affected firms

VPBank cut more than 4,200 employees in the first half of the year. — Photo VPB The State Bank of Viet Nam (SBV) has asked banks to further reduce operating... Read more »
Banks to continually cut costs to aid COVID-19 affected firms

Banks to continually cut costs to aid COVID-19 affected firms

VPBank cut more than 4,200 employees in the first half of the year. — Photo VPB The State Bank of Viet Nam (SBV) has asked banks to further reduce operating... Read more »
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