Category: Finance
Higher foreign ownership urged to aid Vietnam’s banks in integration
The relaxation of foreign ownership ceiling to 49 percent is needed to help banks meet requirements in the country’s integration and be able to compete with [...]
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NCB about to raise chartered capital to over 5tr dong
On 5th December 2018, the State Bank of Vietnam (SBV) issued a document No. 9256/NHNN-TTGSNH, approving for National Citizen Bank (NCB) to increase its chartered capital from [...]
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Gaining large profit, banks continuously expand network
Banks are continuously planning network expansion across the country. Some banks have been allowed to open dozens of new transaction points. The State Bank of Vietnam (SBV) [...]
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Preventing Peer-to-peer lending from becoming black credit
According to the Bao Dau Tu, early next year, the State Bank of Vietnam (SBV) will officially issue a trial legal framework for fintech, including the model of peer-to-peer [...]
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SeABank to issue more than 222 million shares to existing shareholders and employees
Southeast Asia Joint Stock Commercial Bank (SeABank) has announced the increase of its chartered capital to 7.688 trillion dong through three phases with more than 222.2 [...]
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State Treasury raises over VND5.2 trillion via G-bonds
The State Treasury of Vietnam mobilised VND5.2 trillion (US$222.22 million) through government bond auctions on the Hanoi Stock Exchange (HNX) on Wednesday. Some VND4.5 [...]
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Banks have to make efforts to attract customers
Statistics of the State Bank of Vietnam (SBV) showed that up to July 2018, the outstanding loans to the economy reached over 6,840 trillion dong, equivalent to about 137 [...]
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Reference exchange rate continue to rise
The State Bank of Vietnam raised the daily reference exchange rate on December 7 by another 2 VND to 22,764 VND per USD. With the current trading band of +/- 3 percent, the [...]
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Identifing risks when real estate credit hidden in consumer loans rises
The rapid increase of consumer lending, mostly are housing loans and loans for home repairs, makes many people worry. In fact, it’s happening in banks that real estate [...]
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ABB opens first robotics service centre in Vietnam
ABB inaugurated its Robotics Technical and Service Centre the first of its kind in Vietnam on Wednesday with the aim of serving global and local manufacturers operating in [...]
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Banks actively develop their own fintechs
In addition to cooperating with financial technology (fintech) companies, the launch of the YOLO digital bank of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) [...]
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Vietcombank reduces holdings at other banks
Vietcombank (VCB) has recently announced it sold a large number of Military Bank (MBB) and Eximbank (EIB) shares on the stock markets to reduce its ownership ratios at the [...]
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TCB shares officially approved for margin trading
HCM City Stock Exchange (HoSE) has announced the decision to put shares of Vietnam Technological and Commercial Joint Stock Bank (Techcombank, stock code: TCB) out of the [...]
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Banks race to meet Basel II standards
To date, only three banks have met the regulations of the Basel II. The implementation of Basel II standards helps banks operate safer and healthier, at the capital sources [...]
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HDBank’s general director completes purchasing 375.000 HDB shares
The HCM City Development Commercial Joint Stock Bank (HDBank, code: HDB) has announced the transaction results of the bank’s internal personnel. Specifically, Nguyen [...]
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