HCM City banking sector to continue supporting businesses hit by pandemic woes

Customers at a Vietbank transaction office in HCM City. The banking sector will continue to undertake programmes to help businesses overcome difficulties caused by the Covid-19 pandemic and restore production.... Read more »

Banks urged to diversify loan products, aiming to keep people away from black credit

Commercial banks and microfinance companies should act to improve people’s access to official loans to fight black credit. — Photo vietnamnet.vn Commercial banks should diversify their loan products, lower interest... Read more »

Banks, agrico firms lift market up

A Techcombank office. The bank shares soared 6.5 per cent on Wednesday morning. — Photo courtesy of the company Vietnamese shares remained upbeat on Wednesday morning on the growth of banking... Read more »

Banks start to report business performance

Banks have begun to reveal their business results in the third quarter of this year. Photo tinnhanhchungkhoan.vn HÀ NỘI — Some commercial banks have started to release business results from... Read more »

Banks to keep profits on new decree

A Vietcombank office in Bac Ninh Province. — VNA/VNS Photo Thai Hung A new decree released by the Government will allow State-owned commercial banks to save cash to increase their... Read more »

SBV updates security for card payments

Bank cards. — Photo ICT News In the wake of new advances in science and technology that pose challenges to security and confidentiality, the State Bank of Viet Nam (SBV)... Read more »

Banks cut deposit interest rates from October

At Kienlongbank, rates are now only 3.55 per cent per year on one-month deposits, 3.75 per cent on two-month terms and 3.95 per cent on three- to five-month deposits, down... Read more »

Banks cut interest rates from October

The liquidity of the Vietnamese đồng in the system is abundant due to the weak credit demand. Photo vneconomy.vn HÀ NỘI — Many banks have cut deposit interest rates after... Read more »

ASEAN finance ministers, central bank governors discuss financial integration

The sixth ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) was held online in Hanoi on October 2. — VNA /VNS Photo Pham Hau The sixth ASEAN Finance Ministers... Read more »

Local banks continue cutting deposit rates

SCB has cut the rates for deposits of one to five months to 3.95% and for the six-month tenors to 6.1%, down 30 basis points compared to the previous rates,... Read more »

Data sharing and security top concern for banks

A view of the conference. — Photo baochinhphu.vn HÀ NỘI — Big data is a vital issue for banks in the digital transformation process, with the issue of data sharing... Read more »

Changes needed for global banking post-coronavirus

Life for many of us has changed beyond recognition compared to just a few months ago – and one of the biggest changes has been the need to do electronically... Read more »

Banking post Covid: five things that will and won’t change

Covid has made us focus as a society collectively on a range of ways of new solutions to familiar problems in order to help live our lives during a... Read more »

VPBank awarded best bank for corporate social responsibility 2020

A staff member of VPBank helps a small business owner in online selling. — Photo courtesy of the bank VPBank was honoured as the best bank for corporate social responsibility... Read more »

Central bank cuts interest rate to aid economy

The refinancing interest rate will be cut to 4 per cent per annum from 4.5 per cent from today. — VNA/VNS Photo HÀ NỘI — The State Bank of Vietnam... Read more »

Revised Law on Credit Institutions to cover bad debt recovery

State Bank of Viet Nam’s deputy governor Nguyen Kim Anh speaks at the forum. Photo SBV The Government has directed the State Bank of Viet Nam (SBV) to add non-performing... Read more »

Billions of banking stocks to flood market under dividend plans

A Military Bank branch in Ha Noi. The bank is planning to trade an additional 385 million shares in the next quarter. — VNS Photo Mai Huong Billions of banking... Read more »

Banks target consumer loans for higher credit growth

SHB is offering attractive loans for home and car buyers with interest rates of 6.5 per cent and 6.8 per cent per year, respectively. — Photo courtesy of SHB Commercial... Read more »

Mobile banking helps the poor access financial services

A staff member from the Viet Nam Bank for Social Policies helps people use the financial education app. — VNS Photo Financial education has helped poor households and policy beneficiaries... Read more »

Investors buy real estate as bank deposit interest rates fall

Techcombank has again eased dong deposit interest rates by 0.1-0.4 percent. The current interest rates are 2.55-2.9 percent per annum for one-month deposits, 2.75-3.1 percent for 3-month, 4.2-4.7 percent for... Read more »

SHB wins four Asian Banking and Finance awards

The Saigon – Hanoi Commercial Joint Stock Bank (SHB) has received four awards by The Asian Banking and Finance Magazine (ABF) in both categories of retail and wholesale banking. The... Read more »

Taiwanese banks look to benefit from investment shift to Viet Nam

Taiwanese banks were among the first to arrive in Viet Nam, along with the wave of Taiwanese investment in the country in the 1990s. — Photo thoibaokinhdoanh.vn The Megabank of... Read more »

Bank starts measuring and disclose carbon emissions comes from its loans

The new goal includes financing or advancing initiatives such as clean technology, water conservation or sustainable agriculture, the New York-based lender said in a statement on Wednesday. Citigroup also said... Read more »

Controversial draft decree may make banks lose potential foreign investors

A teller at Vietcombank’s head office in Ha Noi. — VNA/VNS Photo Tran Viet A draft decree being developed by the State Securities Commission to implement the amended Law on... Read more »

SHB files for listing on HoSE

A Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) office. — Photo dientungaynay.vn HCM CITY — Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) has filed to list more than... Read more »

BIDV, RoK federation promote cooperation

The Bank for Development and Investment of Vietnam (BIDV) and the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) signed a comprehensive cooperation agreement on September 17 in Hanoi. BIDV and... Read more »

Banks ask for higher credit quota to prepare for peak lending season

The credit growth of the entire banking system is estimated at less than 10 per cent in 2020. — Photo VPB Despite a credit slowdown in the first half of... Read more »

Financial, tech stocks lift market sentiment

Stock prices displayed on SSI Securities’ trading app. — Photo tinnhanhchungkhoan.vn Vietnamese shares advanced on Friday morning, led by financial-banking and technology sectors. The benchmark VN-Index on the Ho Chi... Read more »

Keeping NPLs ratio below 3 per cent a challenge: experts

The COVID-19 pandemic was challenging the goal of keeping bad debt ratio at below three per cent at the end of this year. — Photo thoibaokinhdoanh.vn The COVID-19 pandemic is... Read more »

Companies collect $1.7 billion via bond issuance in August

The Sun Avenue, a condo project developed by real estate company Novaland in HCM City’s District 2. Novaland mobilised VND2.2 trillion of bonds in August. — Photo novaland.com.vn Companies collected... Read more »

Bank service revenue to grow next year

A transaction branch of Vietcombank.— File photo Despite a slowdown this year, bancassurance and payment fees are expected to rise and help banks’ service revenue increase in 2021. According to... Read more »

EVFTA “wings” for Vietnamese banks

VCN- The free trade agreement between Vietnam and the European Union (EVFTA) took effect. For the banking industry, EVFTA helps accelerate the digital transformation process, helping banks quench their thirst... Read more »

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 »

Large growth potential for Vietnam banking services in long-term

Many listed banks witnessed weak performance of fee income growth in the first six months of the year due to the Covid-19 pandemic. Read more »

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 »

Opportunity for digital transformation in COVID-19 pandemic time

COVID-19 has become a digital banking ‘reality check’ for both financial institutions and the federal government. Despite all of the talk over the past several years about becoming a ‘digital... Read more »

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 »

Top banks by profits switch places due to Covid-19

While the top 10 list in terms of profits remained unchanged from last year, there were major changes in rankings. In the public sector, VietinBank reported a sharp rise in... Read more »

Vietnamese banks continues lowering deposit rates

The Bank for Foreign Trade of Vietnam (Vietcombank) has cut the deposit rates of one and two months to 3.5% per year, down 0.2 percentage points compared to the beginning... Read more »

Eximbank’s transaction office exposed to COVID-19 patient resumes operation

The Vietnam Export Import Bank (Eximbank) announced on August 3 it was suspending a transaction office located at 373 Su Van Hanh Street, Ward 12, District 10 for 14 days... Read more »