Category: Finance
Sacombank in tie up with IBM to transform its security operations centre
Sacombank continues to collaborate with IBM for transforming its security operations centre to strengthen its data security infrastructure. The centre was established and [...] » More
Pawn shop chains raise big bucks to expand
Vietnamese pawn shop chains have been attracting increasing investment for several years now as large demand for quick loans prompt their expansion. Leading jeweler Phu Nhuan [...] » More
Credit market share of private banks rise
Private banks have posted significant growth in credit market share in the past five years. According to statistics from Viet Dragon Securities Company (VDSC), 26 listed [...] » More
Reference exchange rate up 15 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,145 VND per USD on March 1, up 15 VND from the last working day of the previous week (February 26). With [...] » More
Wave of lending interest rate decline expected
Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank) announced to continue lowering lending interest rates to individual customers and businesses in the [...] » More
Will Vietcombank offer private placement at 6.5pct of capital in 2021?
Commercial Joint Stock Bank Foreign Trade of Vietnam (Vietcombank) has announced the plan to organise the Annual general Meeting (AGM) in 2021. Accordingly, the AGM of the [...] » More
Banks launch bailout packages for coronavirus affected firms
With the third wave of the novel coronavirus (COVID-19) pandemic causing numerous challenges for local businesses, several banks such as BIDV, Vietcombank, VietinBank, and [...] » More
SSI Research: BIDV’s profit may increase by 46pct in 2021
Saigon Securities Incorporation Research centre (SSI Research) has issued a report on Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV, HoSE: BID), [...] » More
Consumer credit hardly accelerates in 2021
After the “golden period” with a compound growth rate of about 35 percent per year, the Vietnam’s consumer finance market slowed down in 2020 and is [...] » More
Reference exchange rate stays stable
The State Bank of Vietnam set the daily reference exchange rate at 23,130 VND per USD on February 26, unchanged from the previous day. With the current trading band of +/-3 [...] » More
Future of Vietnam’s leading consumer finance company decided: analysts
VPBank will either sell its stake in fully-owned subsidiary FE Credit next quarter or make an initial public offering by year end. It expects to wrap up ongoing negotiations [...] » More
Reference exchange rate down 2 VND on February 25
The State Bank of Vietnam set the daily reference exchange rate at 23,130 VND per USD on February 25, down 2 VND from the previous day. With the current trading band of +/-3 [...] » More
VCBS: ACB profits may increase by 22pct
Vietcombank Securities (VCBS) has released a report on Asia Commercial Joint Stock Bank (HoSE: ACB). The securities company estimated that ACB can gain 11.967 trillion dong [...] » More
Some banks take advantage of SBV’s operating interest rate reduction to make profits
In 2020, the State Bank of Vietnam (SBV) continuously lowered the operating interest rates to create conditions for commercial banks to lower lending interest rates in order [...] » More
Ex-Standing deputy minister of Industry and Trade appointed as chair of Vietbank
The Board of directors of VietBank has just decided to appoint Bui Xuan Khu as vice chair to replace Duong Ngoc Hoa from February 23. The new chair of the Board of directors [...] » More
