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Remittances steady as lenders apply fresh transfer services

16-Oct-2021 Intellasia | VIR | 5:02 AM

Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping [...] » More

Reference exchange rate down 18 VND

16-Oct-2021 Intellasia | VNA | 5:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,159 VND/USD on October 15, down 18 VND from the previous day. With the current trading band of +/ 3 [...] » More

Firms with bad debts can access zero-interest loans for salary payments

16-Oct-2021 Intellasia | The Saigon Times | 5:02 AM

Firms incurring bad debts can now get zero-interest loans from the loan package of VND7.5 trillion aimed at supporting Covid-19-affected employers with salary payments and [...] » More

Bad debt trading platform to start operation

16-Oct-2021 Intellasia | VNS | 5:02 AM

The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation on October 15. Nguyen Trong Du, deputy Chief Inspector of State Bank of [...] » More

NCB records 16-time increase in profit year-on-year

16-Oct-2021 Intellasia | To Quoc | 5:02 AM

National Citizen Commercial Joint Stock Bank (NCB, stock code: NVB) is the first bank to announce its financial statement for the third quarter (Q3) of 2021. The bank’s [...] » More

Non-interest income ‘saves’ banks’ profits

16-Oct-2021 Intellasia | Dau tu Chung khoan | 5:02 AM

Since the Covid-19 epidemic occurred until now, the digital transformation in the banking industry has been increasingly promoted in order to meet the need of customers when [...] » More

Pawnshop chain F88 issues bonds worth $4.3 million

16-Oct-2021 Intellasia | Vnexpress | 5:02 AM

Pawnshop chain F88 has issued bonds worth VND100 billion (over $4.3 million) with a coupon rate of 11.5 percent to fund expansion of shops and payment of salaries and [...] » More

HDBank achieves 82pct of full-year plan in 9 months

15-Oct-2021 Intellasia | VNS | 5:02 AM

The HCM City Development JSC Bank (HDBank) has announced its preliminary business results for the first nine months of 2021, with positive growth and a standalone [...] » More

Non-life insurance: expectation of revenue boost in wholesale channel

15-Oct-2021 Intellasia | Dau tu Chung khoan | 5:02 AM

According to preliminary statistics of the Insurance Association of Vietnam (IAV), 12 out of 31 non-life insurers experienced a decrease in revenue growth in the first eight [...] » More

SBV’s deputy Governor: the difference between lending and savings interest rate of 2-2.5pct. reasonable

15-Oct-2021 Intellasia | VnExpress | 5:02 AM

The average difference between lending and savings interest rates is currently about two to 2.5 percent, lower than before but there is still room for further reduction [...] » More

HDBank to privately issue $300 million of international bonds to increase Tier-2 capital

15-Oct-2021 Intellasia | Dien dan Doanh nghiep | 5:02 AM

According to the HCM City Stock Exchange (HSX), the Board of directors (BOD) of HCM City Development Commercial Joint Stock Bank (HDBank) has approved a resolution to carry [...] » More

Reference exchange rate down 4 VND

15-Oct-2021 Intellasia | VNA | 5:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,177 VND/USD on October 14, down 4 VND from the previous day. With the current trading band of +/ 3 [...] » More

SBV says no to more rate cuts this year

15-Oct-2021 Intellasia | The Saigon Times | 5:02 AM

The State Bank of Vietnam (SBV) will keep the current deposit interest rates and lending rates unchanged until the end of this year to ensure the banking system’s [...] » More

Gold surpasses VND58 million per tael

15-Oct-2021 Intellasia | SGGP News | 5:02 AM

Although the global gold price declined, gold exceeded VND58 million per tael (1.2 ounces) on October 12 in Vietnam. Specifically, Phu Nhuan Jewellery Company (PNJ) listed [...] » More

Bank loans rise despite pandemic

15-Oct-2021 Intellasia | VNS | 5:02 AM

Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor [...] » More