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Category: FinanceSubscribe via RSS Feed

VN banks rush to cash in on digital wallet

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

On September 13 Samsung launched its mobile payment service, “Samsung Pay”, in partnership with the National Payment Corporation of Vietnam (NAPAS). Like Samsung, [...]
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Reference exchange rate goes down at week’s beginning

10-Oct-2017 Intellasia | Tuoi Tre | 6:00 AM

The daily reference exchange rate for VND/USD on October 9, the first day of the week, was set at 22,469 VND, down 1 VND from the last working day of the previous week [...]
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SHB, Dai-chi Life Vietnam become strategic partners

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

Dai-ichi Vietnam Life Insurance Company (Dai-ichi Life Vietnam) and Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) on Thursday joined hands in a strategic partnership for 15 [...]
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Exchange rate may reach 23,000 dong/US dollar by end of the year

10-Oct-2017 Intellasia | Tuoi Tre | 6:00 AM

Exchange rate may reach 23,000 dong/US dollar by end of the year, said Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) in its Q3 financial report of [...]
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Corollaries to be noted when expanding credit growth to 21pct

10-Oct-2017 Intellasia | BisLIVE | 6:00 AM

In late August 2017, the prime minister instructed to further cut interest rates by at least 0.5 percent per annum from now until the end and obtain credit growth rate of [...]
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Banks face charter capital difficulties

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

State-owned banks are finding it more difficult to increase charter capital, especially when they still have to pay dividends instead of keeping the money for this purpose. [...]
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Banks struggle to support small and medium-sized enterprises

10-Oct-2017 Intellasia | Bao Tin Tuc | 6:00 AM

According to Dr Dao Minh Tu, deputy Governor of the State Bank of Vietnam (SBV), small and medium-sized enterprises (SMEs) have all acknowledged the drastic measures taken by [...]
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Banks compete for mobile payment market share

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

The Military Bank (MB) is cooperating with Facebook to pilot FaceBook Payment, according to the local Newswire Bao Dau Tu (or Investment Review). As such, Facebook is likely [...]
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Banks’ profits increase sharply

10-Oct-2017 Intellasia | Vneconomy | 6:00 AM

The National Financial Supervisory Commission (NFSC) has released the report on the economic and financial situation in the first nine months of 2017 with updated information [...]
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Insurers, bankers banking on each other

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

Touting it as a win-win deal for everyone, banks and insurance companies in Vietnam are promoting the “bancassurance” model to exploit a market with huge untapped [...]
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Premium revenue of life insurance sector in 2017 forecasted to grow 30pct

10-Oct-2017 Intellasia | DTCK | 6:00 AM

As per the latest statistics of the Insurance Management and Supervision Agency under the Ministry of Finance (MOF), in the first seven months of 2017, the insurance sector [...]
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Foreign investors shun properties with bank debt

07-Oct-2017 Intellasia | Vietnamnet | 6:00 AM

VAMC (Vietnam Asset Management Company) is now holding VND230 trillion worth of bad debt, including real estate which is used as collateral for bad debts it has purchased [...]
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Reference exchange rate up 2 VND

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

The daily reference exchange rate for VND/USD was set at 22,470 VND per USD on October 6, up 2 VND from the previous day. With the current trading band of/-3 percent, the [...]
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UOB launches Business Banking service for SMEs

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

Singapore’s United Overseas Bank (UOB) has launched a Business Banking service dedicated to help small businesses in Vietnam grow their business. The move followed the [...]
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Prudential seeks sale of Vietnam consumer finance unit for up to $150 million: sources

07-Oct-2017 Intellasia | Tuoitre News | 6:00 AM

Prudential Plc has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million, as the UK firm sharpens focus on its core insurance [...]
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