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Category: FinanceSubscribe via RSS Feed

Banks raise charter capital on own power for Basel II

15-Jun-2018 Intellasia | VIR | 6:02 AM

Numerous banks have been raising charter capital to lure in investment and improve their reserves. However, some of them have raised it from retained earnings, and ownership [...]
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72pct of fintech companies in Vietnam choose to cooperate with banks

15-Jun-2018 Intellasia | Hanoi Times | 6:02 AM

In Vietnam, 72 percent of financial technology (fintech) companies choose to cooperate with banks in their business and service delivery, instead of entering direct [...]
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Banking fees increase, e-wallets favoured

15-Jun-2018 Intellasia | VNS | 6:02 AM

As commercial banks have increased Internet Banking, Mobile Banking and cash withdrawal service fees, clients have shifted to use e-wallets which are convenient and free. [...]
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Vietnam Must Tread Carefully to Win Investment Grade, Fitch Says

15-Jun-2018 Intellasia | Bloomberg | 6:02 AM

Vietnam mustn’t sacrifice stability for high-speed growth if it’s to become an investment-grade economy, warned Fitch Ratings. The rating company wants evidence [...]
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Inward remittances to HCM City reach $2b

15-Jun-2018 Intellasia | Vnexpress | 6:02 AM

Nguyen Hoang Minh, deputy director of the State Bank of Vietnam, Hochiminh City branch said remittances to the city reached about $2 billion after five months, nearly [...]
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Interest rates kept stable in first half of 2018

15-Jun-2018 Intellasia | VNA | 6:02 AM

The interest rates were kept stable in the first six months of 2018 while the lending rates for priority fields have decreased. The information was revealed at a meeting to [...]
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Moves afoot in banking M&As

15-Jun-2018 Intellasia | VN Economic Times | 6:02 AM

M&As in Vietnam’s banking sector have been relatively quiet in recent years but more deals appear to be on the horizon. Vietnam’s crowded banking sector [...]
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Prudential commits long-term investment in Vietnam

14-Jun-2018 Intellasia | VNA | 6:02 AM

Prudential Vietnam has got approval from the Ministry of Finance to increase its chartered capital to 4,128 billion VND (around 181.8 million USD). The move affirmed the [...]
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Commercial banks to support WB projects

14-Jun-2018 Intellasia | VNS | 6:02 AM

Sai Gon-Hanoi Bank (SHB) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Vietnam and the World [...]
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HDBank shareholders to receive cash dividends at 13pct

14-Jun-2018 Intellasia | Tri Thuc Tre | 6:02 AM

Hochiminh City Development Joint Stock Commercial Bank (HDBank, coded HDB) has just announced the resolution of the Board of directors about the first round 2017 dividend [...]
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Life insurers accelerate new distribution channels

14-Jun-2018 Intellasia | DTCK | 6:02 AM

While traditional agent channel still makes major contribution to the growth of new premium revenue for insurers, extended distribution channels such as bancassurance, [...]
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New regulation reduces cross-ownership in banks

14-Jun-2018 Intellasia | VNA&VNS | 6:02 AM

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the [...]
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Inactive bank cards cause excessive wastefulness

14-Jun-2018 Intellasia | the Saigon Times | 6:02 AM

Of the 132 million bank cards issued, 50 million are inactive, a waste of resources amounting to trillions of dong as the minimum issuance cost is VND30,000 per card, Nguoi [...]
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Banks’ non-core divestment slow

14-Jun-2018 Intellasia | DTCK | 6:02 AM

The report on auditing results released by the State Audit at the fifth meeting of the National Assembly XIV showed that banks have not divested capital following the roadmap [...]
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Foreign players sacrifice profit for market shares

14-Jun-2018 Intellasia | VNA | 6:02 AM

Manulife Vietnam and Dai-ichi Vietnam have been accepting heavy losses in exchange for market shares, indicating a fierce competition in Vietnam`s life insurance market. In [...]
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