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Category: FinanceSubscribe via RSS Feed

Credit to small and medium businesses only increases 7.49pct in Jan-Sep

14-Oct-2017 Intellasia | Vietnam Finance | 6:00 AM

As of September 20, 2017, the total money supply increased 9.59 percent from the end of 2016 up 15.36 percent year-on-year), according to the State Bank of Vietnam (SBV). [...]
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SBV gives warnings to organisations providing payment intermediary service

14-Oct-2017 Intellasia | Bao Dau Tu | 6:00 AM

The State Bank of Vietnam (SBV) has had a document No.8140/NHNN-TT requiring organisations providing payment intermediary service to ensure operational safety, and comply [...]
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Anticipating high credit growth rate, banks predict huge profits

14-Oct-2017 Intellasia | VOV | 6:00 AM

Most commercial banks responding to a survey by the State Bank of Vietnam (SBV) said their business performance had seen considerable improvement in the third quarter, and [...]
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Finance, banking, insurance industry grows strongly

14-Oct-2017 Intellasia | VNA | 6:00 AM

The finance, banking and insurance industry expanded 7.89 percent in the first nine months of this year, the highest level recorded in the past seven years. A report of the [...]
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Insurance premium surges 21.6pct in nine months

14-Oct-2017 Intellasia | VNS | 6:00 AM

The total premiums collected by insurance companies in the first nine months of 2017 surged by 21.6 per cent year-on-year, to more than VND75.23 trillion (US$3.31 billion). [...]
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Behind the quietness of USD/VND exchange rate

13-Oct-2017 Intellasia | BizLive | 6:00 AM

The movements of USD/VND exchange rate in the third quarter of 2017 as well as in the first nine months of the year showed adverse fluctuations between the reference rate [...]
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Reference exchange rate down for fourth day

13-Oct-2017 Intellasia | VNA | 6:00 AM

The daily reference exchange rate for VND/USD was revised down for a fourth day in a row since the beginning of this week, standing at 22,453 VND/USD on October 12, a [...]
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Bad debt stands at 2.51pct in late July

13-Oct-2017 Intellasia | VNA | 6:00 AM

The banking sector’s total bad debts stood at 2.51 percent as of the end of July 2017, falling from 2.55 percent at the end of 2015, according to a report by the State [...]
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Interest rates may dip further in Q4

13-Oct-2017 Intellasia | The Saigon Times | 6:00 AM

Interest rates could fall in the fourth quarter of 2017, according to a National Financial Supervisory Commission (NFSC) report on Vietnam’s economic and financial [...]
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Non-performing loans can weaken the banking system

13-Oct-2017 Intellasia | VNS | 6:00 AM

Vietnam’s banking system has focused intensely on tackling its non-performing loans (NPLs) over the past few years, following the PM’s five-year (2011-2015) plan [...]
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Debt trading firm in line for a makeover: finance ministry

13-Oct-2017 Intellasia | VNS | 6:00 AM

The functions and operations of the Vietnam Debt and Asset Trading Corporation (DATC) should be restructured to handle the “next phase” of handling non-performing [...]
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New regulations on banking guarantees for home purchases

13-Oct-2017 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam has issued a circular to amend Circular No 07/2015 on bank guarantees. Under the Circular No 13/2017, which will take effect on November 15, [...]
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Central bank issues plan to develop card payment

13-Oct-2017 Intellasia | VNA | 6:00 AM

Q The State Bank of Vietnam (SBV) has issued a plan to develop card payment using card readers at points of sale (POS) and mobile points of sale (mPOS) from 2017 to 2020. The [...]
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Sacombank seeks shareholders’ nod to transfer listing to HNX

13-Oct-2017 Intellasia | VNS | 6:00 AM

Sai Gon Thuong Tin Comercial Joint Stock Bank (Sacombank), currently listed on the HCM City Stock Exchange as STB, is seeking shareholders’ approval to transfer its [...]
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Finance industry grows strongly

12-Oct-2017 Intellasia | VNS | 6:00 AM

The finance, banking and insurance industry expanded 7.89 per cent in the first nine months of this year, the highest level recorded in the past seven years. Reports of the [...]
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