Category: Finance
TPBank, one of the most prominent commercial banks thanks to digital banking
From the past few years, digital banks are considered a new direction to help banks diversify non-interest revenue and individual deposit growth. This is also regarded as an [...]
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TPBank spends 627 billion dong to buy 24 million treasury shares
Tien Phong Commercial Joint Stock Bank (TPBank TPB) has announced its success in buying 24 million treasury shares, completing 100 percent of the volume of shares registered [...]
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Two input factors for reducing interest rates reach the limit
Leaders of some state-owned commercial banks said that their banks initially planned to reduce the loan interest rates for some priority customers after achieving good [...]
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Deputy PM calls on S. Korean firms to buy Vietnam’s weak banks
Deputy prime minister Vuong Dinh Hue has called on banks and large groups from South Korea to acquire poor-performing banks in Vietnam, such as Ocean Bank, Global Petroleum [...]
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Shinhan Finance to debut in Vietnam early July
Shinhan Vietnam Finance Company receives its all business licenses, marking a milestone to officially introduce its brand to Vietnamese customers. With effect from June 14, [...]
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The second Eximbank shareholders’ meeting continuously unsuccessful
Many unexpected developments continued to take place at the second Vietnam Export Import Commercial Joint Stock Bank (Eximbank) shareholder meeting in 2019. After the [...]
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LaoVietBank helps connect Vietnamese, Lao economies
The Lao Viet Joint Venture Bank (LaoVietBank) has become a bridge connecting the economies of Vietnam and Laos over the past years and a symbol of the bilateral special [...]
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State-invested banks struggle to increase capital
If the four state invested banks cannot raise their charter capital, the safety of their operations will be affected, according to the Vietnam Banking Association (VNBA). [...]
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Deposit rates at nine banks which are applying Basel II
So far, only nine banks out of more than 30 Vietnamese banks in the system have received approval to apply Circular 41 regulating the capital adequacy ratio (CAR) under the [...]
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How are Vietnamese banks doing business abroad?
Vietnamese banks are expanding their business to foreign markets, but not all banks can get big benefits. In the recent meeting in Myanmar, Phan Duc Tu, Chair of Joint Stock [...]
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ADB: Vietnam’s bond market restores the uptrend in the first quarter
According to the Asian Development Bank (ADB), Vietnam’s domestic bond market has recovered its momentum in the first quarter of 2019, with an increase of 0.7 percent [...]
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E-hailing apps expand to e-payment services
Ride-hailing apps have been expanding their market share, attracting more customers and becoming more ambitious in the e-payment field. Nguyen Thuy Linh, an office worker in [...]
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Payments for electricity bills go cashless
Vietnam Electricity (EVN) will promote electricity bill payment via digital mode of transactions in 2019. Aiming to double the number of customers using cashless payment, [...]
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Reference exchange rate goes down by 5 VND on June 20
The State Bank of Vietnam set the daily reference exchange rate at 23,065 VND/USD on the morning of June 20, down by 5 VND from June 19. With the current trading band of +/- [...]
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VIB introduces e-voucher gift service on MyVIB
Customers who have VIB internet banking accounts can buy e-vouchers for nearly 70 reputable brands with more than 1,820 stores directly on the MyVIB mobile banking app, [...]
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