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Category: FinanceSubscribe via RSS Feed

Banks ramp up support for customers in COVID-19 time

09-Apr-2020 Intellasia | VIR | 6:02 AM

Amidst the unpredictable developments of the COVID-19 epidemic, many banks have slashed lending rates by up to 2 per cent per year to help customers mitigate the implications [...]
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Standard Chartered Bank Vietnam rolls out COVID-19 relief measures for clients

09-Apr-2020 Intellasia | VIR | 6:02 AM

Standard Chartered Bank Vietnam has introduced a series of relief measures to support its corporate banking and retail banking clients to alleviate their financial burdens [...]
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Moody’s places five Vietnamese financial institutions on review for downgrade

09-Apr-2020 Intellasia | Hanoi Times | 6:02 AM

An upgrade is unlikely, given the review for downgrade. Moody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies [...]
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Concerns about a new bad debt cycle

09-Apr-2020 Intellasia | Vietnam Finance | 6:02 AM

In the report on the banking industry 2019 released in January 2020, Saigon Securities Incorporation (SSI) unexpectedly mentioned about the bad debts of the new credit cycle. [...]
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The wave of changing senior personnel at banks returns

09-Apr-2020 Intellasia | Nhip song Viet | 6:02 AM

HCM City Development Joint Stock Commercial Bank (HDBank), on April 2, announced the change of two critical senior staff of this bank. Specifically, Nguyen Huu Dang, who had [...]
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Five solutions for SBV and banks during Covid-19

09-Apr-2020 Intellasia | Tri Thuc Tre | 6:02 AM

The report evaluating the impact of Covid-19 on the economy of the National Economics University provides some recommendations as well as solutions for the State Bank of [...]
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Hanoi promotes cashless payment, e-commerce

09-Apr-2020 Intellasia | VNS | 6:02 AM

Hanoi plans to promote cashless payments as part of efforts to develop e-commerce in the capital. Under a plan recently issued by the municipal People’s Committee, the [...]
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Banks reduce deposit rates

09-Apr-2020 Intellasia | The Saigon Times | 6:02 AM

Local banks have slashed deposit rates to save operating costs and smooth the path for their plans to lower lending rates to support businesses affected by the coronavirus [...]
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Banks seem to prepare a ‘completely new’ business plans

09-Apr-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

The delay of the annual general Meeting of Shareholders had created time for many banks to consider submitting completely new business plans to shareholders. Kien Long [...]
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Insurance sector increases by about 16pct in Q1 2020

09-Apr-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

According to statistics of the General Statistical Office, in the first quarter (Q1) of 2020, insurance business recorded an estimated high growth rate of 16%, in which life [...]
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Reference exchange rate down 5 VND on April 8

09-Apr-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,225 VND per USD on April 8, down 5 VND from the previous day. With the current trading band of +/-3 [...]
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VPBank offers lending rate cuts to firms and customers

08-Apr-2020 Intellasia | VNS | 6:02 AM

VPBank has announced a further lending cut of 2 per cent for small and-medium sized enterprises (SMEs), the second time it has slashed rates to support customers since the [...]
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Leaders take action to support bank stocks

08-Apr-2020 Intellasia | Dau tu Online | 6:02 AM

Closing the session on March 31st, the VN Index stood at 662.53 points, the number that no investors could think of before entering 2020. At this level, the Price/earnings of [...]
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NCB completes CAR according to Basel II standards

08-Apr-2020 Intellasia | BizLIVE | 6:02 AM

National Citizen Commercial Joint Stock Bank (NCB) said that the bank has completed developing the programme and data system to calculate capital adequacy ratio (CAR) [...]
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Credit in March starts to self-recover

08-Apr-2020 Intellasia | Bao Dau tu | 6:02 AM

Speaking at the government’s regular online meeting held on April 1, 2020, Governor Le Minh Hung emphasized that until recently, banking activities had been smooth, [...]
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