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Category: FinanceSubscribe via RSS Feed

Fintech firms need support from banks: SBV

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

The fintech (financial technology) sector is facing difficulties of capital mobilisation shortage, inadequate legal framework and banks’ hesitance in cooperation, said [...]
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Nearly all banks make a profit in first quarter

01-Jun-2018 Intellasia | Vietnam Net | 6:00 AM

Most banks reported satisfactory profits for the first quarter of 2018, but their asset exploitation and capital use efficiency varied. Banks’ Q1 finance reports showed [...]
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TPBank approved to open 5 more branches and 6 transaction offices

01-Jun-2018 Intellasia | NDH | 6:00 AM

On May 25, 2018, the State Bank of Vietnam (SBV) issued documents approving the proposal to establish five branches and six transaction offices of Tien Phong Joint Stock [...]
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Vietnam court upholds key decision in landmark ‘Super Swindler’ fraud case

01-Jun-2018 Intellasia | Reuters | 6:00 AM

A court has upheld a key judgment in Vietnam’s biggest-ever fraud case, spotlighting the country’s ability to tackle financial crime at a time when foreign banks [...]
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High return from share sale

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

The Asia Commercial Joint Stock Bank (ACB) may earn between VND1.3 trillion (US$57.8 million) and VND1.5 trillion from selling treasury shares, according to HCM City [...]
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Exchange rate no problem for Vietnam

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

The exchange rate between the dong and the US dollar has kept on rising significantly in recent weeks, which has surprised both investors and analysts in Vietnam despite the [...]
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SBV seeks to monetise gold

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

The State Bank of Vietnam (SBV) will mobilise gold from the public and convert gold into money to fund socio-economic development projects, Nguoi Lao Dong newspaper cited a [...]
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SBV again net injects capital to the market

01-Jun-2018 Intellasia | Vietnam Finance | 6:00 AM

According to the report on currency market of the week from May 21st to 25th of Saigon Securities Incorporation (SSI), in the last week, the Open Market Operation (OMO) [...]
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Reference exchange rate goes up at week’s beginning

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

The State Bank of Vietnam set the daily reference exchange rate for May 30 to 22,590 VND/USD, down 15 VND from the previous day. With the current trading band of/- 3 percent, [...]
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Gold conversion a priority: SBV

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

Converting idle gold held by Vietnamese people into money and other assets may help provide more funding for socio-economic development and business operation, according to [...]
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Large amount of capital flows into non-priority sectors

31-May-2018 Intellasia | Nguoi Lao Dong | 6:00 AM

Talking to reporters of the local Newswire Bao Dau Tu late last week, Nguyen Quoc Hung, director of Credit Department (under the State Bank of Vietnam-SBV) said according to [...]
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The lenders and debtors in the 4.0 era

31-May-2018 Intellasia | Vietnam Net | 6:00 AM

Debtors’ in the future in Vietnam will regularly connect to the internet and buy goods online, while ‘lenders’ will be fintechs which can take full [...]
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Banks having headache with increasingly sophisticated bank account frauds

31-May-2018 Intellasia | An Ninh Thu Do | 6:00 AM

Many new tricks Two major banks in Vietnam including Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) and Commercial Joint Stock Bank for Investment [...]
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Banks gain higher profits from securities trading

31-May-2018 Intellasia | The Hanoi Times | 6:00 AM

Revenues from securities trading, capital contribution and share purchase made up significant amounts to banks’ profits in the first quarter of this year thanks to [...]
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Will consumer credit in Vietnam develop?

30-May-2018 Intellasia | NDH | 6:00 AM

Despite many troubles and prejudices, consumer credit in Vietnam has the prospect of gradual development in quality to overcome the state of “second-class [...]
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