Category: Finance
Limit on foreign investment will impede fintech development: expert
Financial technology (fintech) firms are in dire need of foreign investment, so a draft government decree that limits this kind of investment could hinder their development, [...]
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Fintech changing face of banking and finance
Hanoi seminar hears of potential for fintech development in Vietnam. The main topic of discussion at the “Fintech Management Policy” seminar held on August 20 in [...]
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E-wallets actively seek for foreign investment
Experts said that the restriction of foreign investment in the field of Fintech was particularly concerned because the development of Fintech businesses was still largely [...]
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Biwase, Vietinbank form comprehensive partnership for water supply
The Binh Duong Water Environment JSC (Biwase) and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) signed a comprehensive credit cooperation pact [...]
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Insurance industry grows faster than forecasted
The Vietnam government Portal quoted Bui Gia Anh, general Secretary of Vietnam Insurance Association, said that the insurance market from the beginning of 2019 continued to [...]
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More than 1.2 million people participate in life insurance in H1
The number of new life insurance contracts signed in the first half (H1) of 2019 is estimated at 1.22 million contracts, up by 27 percent compared to the same period of last [...]
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Banks offer interest rate of up to 10.2pct per annum for deposits
In order to prepare capital sources for loans at the end of the year, besides mobilising savings at high interest rates of up to nearly 9 percent per annum for 12-month term, [...]
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Bancassurance investment in non-life businesses requires high efficiency
In the past three years, the market has recorded a boom of bancassurance channel. In the non-life sector, bancassurance revenue accounts for approximately 20 percent of the [...]
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Reference exchange rate unchanged on August 21
The daily reference exchange rate was set at 23,120 VND per USD on August 21, unchanged from the previous day (August 20). With the current trading band of +/- 3 percent, the [...]
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More banks issue certificates of deposit with interest rates above 9pct per annum
Specifically, from August 8, Vietnam International Commercial Joint Stock Bank (VIB) issued 61-month term certificate of deposit, paid 12-month interest at an interest rate [...]
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Sacombank massively auctions debts with total value of nearly VND900 billion
In less than a month, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) will auction eight debts with a total starting price of nearly 900 billion dong. Specifically, [...]
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Fintech firms need clear policy to develop
Vietnam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20. Ngo Van Duc, deputy director of [...]
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1.1quad dong of cash in circulation
As BizLIVE mentioned earlier, the National Banknote Printing Plant reported a mid-term loss on the recently announced financial statements. In the updated information, the [...]
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Banks actively make provision for bad debts
Bad debt is rising again The financial report for the first six months announced by banks showed good business results when many banks continued to record profit growth over [...]
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Shinhan Bank opens four new branches
Shinhan Bank Vietnam Limited, or Shinhan Bank, has inaugurated four new branches and transaction offices in the cities of Danang, Hanoi and Hai Phong and in Binh Duong [...]
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