Category: Finance
Banks optimistic with 2019 targets
Some banks have announced the closing time for holding general Shareholders Meeting (GSM) in 2019. Banks’ GSMs this year will be held from about March to April, and the [...]
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Some banks raise interest rates after Tet
Right on the first working day after the Tet holiday, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) raised interest rates by 0.1 percent 0.4 percent on [...]
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Which banks recruit on the largest scale in 2018?
Most banks have increased their staff, but the degree of diversification is in the same direction with the movement of their business results. The number of employees, [...]
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Banks allowed to expand network size in New Year
Some banks have been given the green light from the State Bank of Vietnam to enlarge their network size in the first days of Lunar New Year. Bac A Bank has been given [...]
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SSI: ‘Sacombank has about 84,200 billion dong of problem assets, down 5.5pct compared to 2017′
According to a report on Saigon Thuong Tin Joint Stock Commercial Bank (Sacombank) recently announced, SSI Securities Company assessed Sacombank has closely followed the [...]
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Prospects of the banking sector
A number of credit institutions reported record profits in addition to stable liquidity and interest rates and low non-performing loans in 2018,which will be the basis for [...]
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SBV to change reserve requirement policy
The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time [...]
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Non-life insurance and the war of digital technology
Non-life insurance companies preparing to enter the Vietnam market with different measures all aim at the strategy of developing insurance products and services based on [...]
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Consumer finance demand to increase sharply in 2019
In 2019, the consumer finance market is forecasted to follow a strong growth trend when the demand for spending increases, but will be more realistic and the difference in [...]
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Prudential’s new digital system enables instant issuance of policy
Prudential Vietnam Assurance Private Ltd has adopted Straight Through Processing for applications submitted online, which reduces the time it takes to issue policies from 20 [...]
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Unexpected statistics on CIs’ profitability
The State Bank of Vietnam (SBV) has updated statistics on basic indicators of credit institutions (CIs). In particular, the data on total assets, charter capital, equity and [...]
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Reference exchange rate down at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 22,913 VND per USD on February 18, down 2 VND from the last day of previous week (February 15). With the [...]
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SSI Retail Research: reducing reserve requirement does not put much impact on monetary policy
Recently, the State Bank of Vietnam (SBV) has been gathering comments on the draft Circular regulating the implementation of reserve requirement of credit institutions (CIs) [...]
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Macroeconomic indexes support VND: experts
The US FED’s ‘less hawkish policy’ on raising interest rate has affected the exchange rate for the dong this year. The probability of the US FED maintaining [...]
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Reducing the compulsory reserve ratio: just a…formalistic order
Despite a 50 percent reduction in the compulsory reserve ratio (CRR), the credit institutions (CIs) still cannot use this amount of capital to lend out due to the regulations [...]
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