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Category: FinanceSubscribe via RSS Feed

First Singaporean bank debuts in Vietnam

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

The Singapore-based United Overseas Bank (UOB) will debut in Vietnam on July 2. It is the ninth foreign wholly-owned bank and the first Singaporean bank in the country. The [...]
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Agribank to increase service fees after account hacking

12-May-2018 Intellasia | VIR | 6:00 AM

After 12 accounts have been compromised and withdrawn money from in late April, Agribank has just announced to increase service fees, aiming to upgrade its banking system, [...]
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Interest rates rebound from the record low

12-May-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Report of SSI Retail Research about monetary market in April 2018 shows that in the first three months of 2018, the monetary and banking market inherited support factors [...]
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Competition in mobilising capital heats up daily

12-May-2018 Intellasia | Bao Dau Tu | 6:00 AM

Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV) Hochiminh city said that the credit growth target of the banking system this year is 15-18 percent, [...]
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Jan-April credit expands 5pct

11-May-2018 Intellasia | The Saigon Times | 6:00 AM

Credit grew 5 percent in the first four months of the year, Pham Thanh Ha, director general of the Monetary Policy Department of the State Bank of Vietnam, told a banking [...]
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Transaction value via ATM/POS surges 34pct

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

The total value of transactions via the automatic teller machines (ATMs) and points of sale (POS) last year surged sharply by 34 per cent against the previous year. The State [...]
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Difficulties in monetary policy still remain

11-May-2018 Intellasia | VN Economic Times | 6:00 AM

Despite hurdles, the banking system of Vietnam is positive. According to Pham Thanh Ha, Head of Monetary Policy Department at the State Bank of Vietnam (SBV), monetary policy [...]
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Cross ownership lessened

11-May-2018 Intellasia | Bao Dau Tu | 6:00 AM

Talking to reporters of the local Newswire Bao Dau Tu, Dr Can Van Luc said there are many signs showing that cross ownership at banks have sharply decreased. That is the [...]
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Bank stocks: is the price decline reasonable?

11-May-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Saigon Securities Incorporation (SSI) Retail Research has just released a report on the currency market in April with a statement mentioning that the stock market is [...]
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Bad debt continues to weigh heavily on bank profits

11-May-2018 Intellasia | Bao Dau Tu | 6:00 AM

According to the Board of directors of Sacombank, so far, this bank still has 50 trillion dong unsolved bad debt, and collaterals are mainly properties. The bad debt [...]
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Many banks increase provisioning from Q1

11-May-2018 Intellasia | DTCK | 6:00 AM

Although efforts have been made to speed up the settlement of bad debts, the difficulty in selling secured assets and the upward trend of the debt group 3 (substandard debts) [...]
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?Reference exchange rate up 10 VND on May 10

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

The State Bank of Vietnam set the reference exchange rate at 22,578 VND/USD on May 10, up 10 VND from the previous day. With the current trading band of +/- 3 percent, the [...]
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Banks warn customers about fake websites

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

Major banks are warning people not to be fooled by fake websites designed to steal account holders’ cash. Vietnam Commercial Bank (Vietcombank) says it has noticed a [...]
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AIA Vietnam introduces new life insurance product

11-May-2018 Intellasia | VN Economic Times | 6:00 AM

Life insurance company offers customers long-term protection with IntegrA. AIA Life Insurance Company Limited (Vietnam) has officially launched IntegrA, the newest addition [...]
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Banks cut deposit rates concurrently

11-May-2018 Intellasia | Tri Thuc Tre | 6:00 AM

A survey of deposit rates in May shows that many banks continue to lower deposit rates compared to March and April. It seems that banks are quite relaxed about the pressure [...]
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