Category: Finance
SSI: savings interest rates to bottom out this year and soon rise again
According to the analysis team of Saigon Securities Incorporation (SSI Research), many banks have continued to increase savings interest rates for individual customers due to [...] » More
Techcombank leads CASA race
The increase in Current Account Savings Account (CASA) helps banks save costs and raise Net Interest Margin (NIM) in credit activities. Thus, the race for CASA continues to [...] » More
Sacombank gives gifts for disadvantaged to enjoy Tet
Sacombank has given gifts worth a total of over (US$307,580) to disadvantaged people living in 52 cities and provinces this month to help them celebrate Tet (the Lunar New [...] » More
Banks reach for the stars with tie-ups
The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is [...] » More
BIDV, Saigon Times present 100 Tet gifts to poor households in HCM City
The Bank for Investment and Development of Vietnam (BIDV), in coordination with the Saigon Times Group, today, January 26, donated 100 Tet gifts to poor households hit by the [...] » More
Reference exchange down 6 VND
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,070 VND/USD on January 27, down 6 VND from the previous day. With the current trading [...] » More
VietinBank announces 16-year partnership deal with Manulife
On January 24th 2022, Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) and Manulife Vietnam have officially announced the 16-year exclusive [...] » More
IFC, LeapFrog, and DEG invest $165 million in HDBank
The funding will help HDBank increase lending to retail and small and medium enterprises (SMEs), including women-owned or led ones. IFC, LeapFrog Investments, and DEG [...] » More
Shinhan Life comes to Vietnam
Korea’s Shinhan Life Insurance on Tuesday launched operations in Vietnam. Lee EuiChul, general director of Shinhan Life Vietnam, said: “As a newcomer to the [...] » More
Techcombank enters billion-dollar profit club
Techcombank, the country’s largest private lender, reported a 47 percent rise in pre-tax profits last year to VND23.24 trillion ($1.03 billion) to join Vietcombank in [...] » More
Caution with medium-term risks needed
The last weeks of the Lunar Year and early weeks of the Lunar New Year are the golden time for banks to increase mobilisation, because this is the time when both people and [...] » More
Creating distinct and vibrant digital payment alternatives
With the rise in easily accessible digital payment methods, an increasing number of merchants are beginning to accept alternative payments, in addition to cash. Marek [...] » More
Gold prices rise significantly before Tet
Domestic gold prices continued to enjoy a considerable increase on January 24 to close at VND62 million per tael with just a few days to go ahead of the Lunar New Year of [...] » More
Bank deposit growth of individual customers slowed in 2021
The deposit growth rate of individual customers at banks slowed last year due to the impacts of the pandemic. According to the latest data from the State Bank of Vietnam [...] » More
How mobile money services operate
At the most basic level, mobile money is the provision of financial services through a mobile device, and the used applications are typically small pieces of software [...] » More
