Category: Finance
Sea level rise poses long-term credit risk to Vietnam: Moody’s
Vietnam (Ba3, negative) is one of the most exposed sovereigns to sea level rise, whether measured by the share of the population, land area or economic activity threatened, [...]
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Foreign banks may return soon
The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam [...]
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Vietcombank holds the No.1 position in the banking system
After three years, the dual-horse race with the aim of being the Number One (No. 1) position of the Vietnamese banking system became more transparent. Five years ago, when [...]
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Profit of Vietnam banking sector predicted to grow 22.5pct in 2020
In 2020, the credit growth is expected to be in range of 13 13.5%, down from 13.7 percent last year. Pre-tax profit of Vietnam’s banking sector is predicted to expand [...]
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Reference exchange rate up 3 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,158 VND/USD on January 21, up 3 VND from the previous day. With the current trading band of +/-3 [...]
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Numbers hide behind the excellent profit growth for many consecutive years of VietBank
Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) had just released its financial statements for Q4/2019. Accordingly, the whole year’s profit of VietBank [...]
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ATMs stutter during busy Lunar New Year lead-up
Many people in Hanoi and Saigon were unable to withdraw cash from ATMs while online bank transfers also took longer than usual during weekend. Three ATMs belonging to a bank [...]
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VAMC collects nearly 152tr dong since its establishment
At the recent Mission Implementation Conference, Vietnam Asset Management Company (VAMC) said that in 2019, bad debt was purchased with special bonds of 381 obligations, [...]
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Zero-dong banks struggle for restructuring
Entering 2020, banks are racing to announce Tet bonuses, but zero-dong banks are still silent. So how are these banks doing business? For five years, officials and employees [...]
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Banks set ambitious targets in 2020
Although the credit growth target set in 2020 is not higher than 2019 which was 14%, according to banks, the profit target set for this year will increase by at least 10%. [...]
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BIDV introduces banking app on Apple Watch
First banking app on Apple Watch that enables bank transfers and phone recharging by voice now available. BIDV has cooperated with VNPAY to launch the BIDV SmartBanking app [...]
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Sacombank brings cheer to the disadvantaged during Tet
Sacombank has set aside VND8 billion (US$346,783) for Tet (Lunar New Year) gifts for the disadvantaged in Vietnam as well as in Laos and Cambodia. The gifts are part of [...]
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The habit of trading via ATM has changed dramatically
At the 2019 summarising meeting and implementing the 2020 operation of National Payment Corporation of Vietnam (Napas) on January 15, Nguyen Quang Hung, general manager of [...]
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VND to average slightly weaker in 2020
The dong (VND) would average just slightly weaker by around 1 percent to VND23,475/USD in 2020 due mainly to an predicted decrease in foreign direct investment (FDI) inflows [...]
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Global Finance names VietinBank as Best Trade Finance Provider in Vietnam
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has been honoured by the Global Finance magazine of the United States as the Best Trade Finance [...]
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