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Category: FinanceSubscribe via RSS Feed

Banks race to offer consumer loans

01-Feb-2018 Intellasia | Nhip Cau Dau Tu | 6:00 AM

Vietnam Joint Stock Commercial Bank (VPBank) has announced financial statement for 2017. Accordingly, this bank earned 8.1 trillion dong pre-tax profit. The consumer lending [...]
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Deposits from the population increase at two compulsorily-acquired banks

01-Feb-2018 Intellasia | Vneconomy | 6:00 AM

Construction Bank (CB) and Global Petro Bank (GPBank) have recently held conference summarising of business activities in 2017 and published some information on changes. [...]
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Local banks set to expand across country in early 2018

01-Feb-2018 Intellasia | VNS | 6:00 AM

Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities. After getting approval from the [...]
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Banks expect higher profits from retail banking services

01-Feb-2018 Intellasia | VNA | 6:00 AM

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment [...]
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Banks slow in getting listed

01-Feb-2018 Intellasia | The Saigon Times | 6:00 AM

Many joint stock banks should have listed on the stock market last year as required by the Ministry of Finance, but the plan faced numerous hiccups, Lao Dong newspaper [...]
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The exchange rate pressure in 2018

31-Jan-2018 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

Closing year 2017, the VND/USD exchange rate recorded fairly stable developments as it was almost flat in the last two quarters of the year. Despite tending to rise strongly [...]
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Reference exchange rate goes up 15 VND

31-Jan-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 22,441 VND/USD on January 30, up 15 VND from the previous day. With the current trading band of +/- 3 [...]
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Government bond and interbank interest rates fall sharply

31-Jan-2018 Intellasia | Vneconomy | 6:00 AM

Last week, interbank interest rates in dong and government bond interest rates have simultaneously decreased, a rare phenomenon over recent years as the market is approaching [...]
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High risks of consumer loans warned

31-Jan-2018 Intellasia | Bao Dau Tu | 6:00 AM

*Banks, finance companies increase consumer lending From now till June 30, 2018, home and car borrowers from Indovina Bank (IVB) will enjoy 7.99 percent/annum interest rate, [...]
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Vietnam should be cautious about credit growth: Moody’s

31-Jan-2018 Intellasia | Vnexpress | 6:00 AM

‘Easier monetary policy risks undermining macroeconomic stability, particularly amid already rapid credit growth.’ Furtheer easing of monetary policy could pose [...]
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Moody’s Cautions Vietnam Against Further Monetary Easing

31-Jan-2018 Intellasia | Bloomberg | 6:00 AM

Vietnam should be cautious against more monetary accommodation as it could pose risks to the economy and the banking sector, Moody’s Investors Service said. [...]
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SBV urges resolution of bad loans

31-Jan-2018 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam (SBV) has issued a document asking credit institutions and branches of foreign banks to push the resolving of non-performing loans in 2018. [...]
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VAMC assigned to handle at least 140tr dong purchased bad debt

31-Jan-2018 Intellasia | DTCK | 6:00 AM

The Vietnam Asset Management Company (VAMC) said since its establishment till December 31, 2017, VAMC purchased 26,221 debts of 16,269 customers in 42 credit organisations [...]
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The fact about banks’ generous Tet rewards

31-Jan-2018 Intellasia | DTCK | 6:00 AM

VPBank has announced very positive business results in 2017 with a profit of up to 8.126 trillion dong. Nguyen Duc Vinh, general director of VPBank said that the bank will [...]
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Reference exchange rate up by 10 VND at week’s beginning

30-Jan-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set its reference VND/USD exchange at 22,426 VND/USD on the morning of January 29, up by 10 VND from the end of January 26. With the current +/- 3 [...]
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