Category: Finance
Vietnam expects to raise VND120 trillion worth of G-bonds in Q3
The State Treasury recently announced a plan to auction government bonds worth VND120 trillion (US$5.21 billion) via the Hanoi Stock Exchange in the third quarter of the [...] » More
Life insurance’s exploitation in Q3 likely to be less positive than Q2
Incomplete statistics of life insurance businesses showed that in the first six months (H1) of 2021, the total newly exploited premium revenue of this group reached about 22 [...] » More
Techcombank’s average employee income soars to nearly VND45 million
Vietnam Technological and Commercial Joint Stock Bank (Techcombank TCB) has recently released the financial statement in the second quarter (Q2) of 2021. In the first two [...] » More
Banking agents: caution will not create breakthrough
State Bank of Vietnam is drafting a decree on non-cash payments which will replace Decree 110/2014. One of the expected policies of the decree is on payment agents, or [...] » More
50pct of banks’ lending decisions to be based on technology
A report of IDC conducted under the authorisation of Backbase clearly shows two directions of development in the banking industry of Vietnam in the near future: mobile [...] » More
VietinBank, MB, Techcombank’ off-balance sheet outstanding balance reach over VND10 trillions
In the update report on the banking industry, ACB Securities Company (ACBS) mentioned that the non-interest income will continue to grow significantly and contribute to [...] » More
Manulife Vietnam launches innovative new personal virtual assistant for agents
MaxX D is set to revolutionise how Manulife Vietnam’s 57,000 agents work by enhancing their productivity and the customer experience. Manulife Vietnam continues to [...] » More
Reference exchange rate revised down by 6 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,209 VND per USD on July 23, down 6 VND from the previous day. With the current trading band of +/ 3 [...] » More
VPBank sees profit up 37 per cent in 6 months
Vietnam Prosperity Joint Stock Commercial Bank (VPB) achieved consolidated pre-tax profit of more than VND9 trillion (US$391.9 million) in the first six months of this year, [...] » More
Deposits in banks fall to a record as money flows in other investment channels
Since the savings interest rates dropped to record low levels, people have chosen other investment channels with higher yields such as securities, gold, real estate, etc. [...] » More
Reference exchange rate continues upward trend
The State Bank of Vietnam set the daily reference exchange rate at 23,215 VND per USD on July 22, up 4 VND from the previous day. With the current trading band of/- 3 [...] » More
Visa makes it easy to receive funds from abroad with Visa Direct
Visa, the world’s leader in digital payments, has partnered with Vietnam banks to make it easier for Visa debit cardholders to receive inbound remittances using [...] » More
Banks seek alternate sources for liquidity
During the first half of the year the economy was showing signs of recovery, which helped credit institutions to grow strongly once again. However, because of competition, [...] » More
Lending interest rates unlikely to decline sharply
Many economic experts said that with the current credit scale of over VND10 quadrillion if banks reduce the lending interest rate by 0.5 percent per annum, enterprises will [...] » More
Six priority strategies of banks amid COVID-19 pandemic
Domestic banks will continue striving to ensure business performance and deliver on commitments to investors while supporting clients amid difficulties this year. A survey [...] » More
