Category: Finance
S&P Global maintains its B+ credit rating and a stable prospect for Eximbank
Standard & Poor’s Global Ratings (S&P), an international credit rating agency, announced that the credit rating of Vietnam Export Import Commercial Joint Stock [...] » More
Reference exchange rate up 9 VND on September 22
The State Bank of Vietnam set the daily reference exchange rate at 23,200 VND per USD on September 22, up 9 VND from the previous day. With the current trading band of +/-3 [...] » More
Unable to lend to businesses, banks offer consumer loans to individuals
Deposits at banks continue to increase, though deposit interest rates have been decreasing. With plentiful capital, banks are inviting individuals who want to borrow money to [...] » More
Shopping habit focus for new Visa initiative
With a significant rise in e-commerce and cashless payments during the COVID-19 pandemic, global digital payment leader Visa has launched the “Where You Shop [...] » More
Payment of insurance benefits in 8 months estimated at VND29.968 tril.
The Ministry of Finance said that in the first eight months of 2020, the total insurance premium revenue of the whole market still grew at a double-digit number, estimated at [...] » More
Credit growth reaches 4.71pct as of mid-Sep
According to data from the Credit Department for economic sectors under the State Bank of Vietnam (SBV), as of September 11th 2020, the credit growth was 4.71%. Thus, this [...] » More
Digital technology helps to develop finance comprehensively
Digital technology had been playing a crucial role in promoting comprehensive financial development in Vietnam. A reporter from Business Forum magazine had interviewed Nguyen [...] » More
VieON experiencing payments disruptions with 45 per cent of customers after losing MoMo
OTT platform VieON was left in the lurch by after a one-sided contract termination by MoMo. From September 3, users of VieON would not be able to perform payments via MoMo [...] » More
Hanwha Life Vietnam deepens footprint in HCM City
Strictly adhering to a customer-centric philosophy, South Korean-backed Hanwha Life Vietnam today inaugurated its new sale office and customer service centre at the seventh [...] » More
Cashless payment still raises concern
The target by 2025 is that cashless payment in e-commerce will reach 50%. However, according to recent statistics, nearly 40 percent of the Vietnamese population have a bank [...] » More
VDSC: High credit growth room and potential of insurance segment to boost Techcombank’s profitability
In the first six months (H1) of 2020, the total operating income of Vietnam Technological and Commercial Joint Stock Bank (Techcombank) sharply rose by 29.7 percent over the [...] » More
The factors influencing the future of investment in gold
While gold has long been considered a safe-haven investment in uncertain and highly volatile markets, Exness specialist Michael Stark told VIR’s Quang Minh that it is [...] » More
Vietnam’s interest rate stays at a high level after rate falls
Although the State Bank of Vietnam (SBV) cut its policy rates twice this year, in March and May to 4.5%, overall, Vietnam’s interest rates were still high in the [...] » More
MBB shares unexpectedly rise
Over the past several months, MBB shares of Military Commercial Joint Stock Bank (MBB) were still below 17,000 18,000 dong per share, then unexpectedly soared in the session [...] » More
Record high foreign reserves demonstrates Vietnam economic resilience: WB
The World Bank expected the government to stimulate the recovery in the short term and preserve fiscal and debt sustainability in the longer term. As of end-August, the level [...] » More
