Category: Finance
Visa study finds huge increase in contactless payment
Contactless payments were up by 230 per cent year-on-year in the first quarter, according to a study by Visa. ‘Consumer Payment Attitudes’ studied how behaviours [...] » More
Expansions emerging in bancassurance services
Vietnam’s banks are taking advantage of the increasing demand of high-quality insurance services, which in turn bring vast potential to their future income, while both [...] » More
Reference exchange rate up 4 VND
The reference exchange rate for dong/US dollar on May 12th 2021 was announced by the State Bank of Vietnam (SBV) at 23,149 dong per US dollar, up by four dong compared to the [...] » More
Shinhan Bank Vietnam is top foreign bank in Vietnam
South Korea’s leading bank Shinhan Bank has also cemented itself as the No. 1 foreign bank in Vietnam. With 41 networks in operation, Shinhan Bank Vietnam Ltd operates [...] » More
The risks of corporate bonds
The volume of corporate bonds without collateral or guaranteed only by shares issued in the first quarter of 2021 accounted for a large proportion, with a large part owned by [...] » More
Reference exchange rate down 17 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,145 VND per USD on May 11, down 17 VND from the rate in the previous day. With the current trading band [...] » More
Eximbank and VietBank record profit decline in Q1/2021
While most banks saw positive profit growth in the first quarter (Q1) of 2021, some banks reported profit decline. Export Import Commercial Joint Stock Bank (Eximbank) has [...] » More
Vietnam household debt surges: HSBC report
Loans to households by the four major state-owned lenders rose from 28 percent of total loans in 2013 to 46 percent last year, according to HSBC. In its latest ‘Vietnam [...] » More
HCM City: Credit growth outstrips mobilisation growth in April
The State Bank of Vietnam (SBV) HCM City branch has released data on capital mobilisation, credit, etc. in the city area in April and the first four months of 2021. [...] » More
Interbank rates increase sharply due to increased capital demand in some large banks
According to the monetary market report of Saigon Securities Incorporation Research (SSI Research), the interest rates still increased on the interbank market in the week of [...] » More
Central bank advocates caution in lending against real estate
The State Bank of Vietnam has instructed banks to be cautious about lending against securities and to the property sector in areas where speculation has driven up prices. [...] » More
Banks dominate Vietnam’s profit makers list
Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits. Topping the list are two stated-owned lenders [...] » More
Vietnamese banks attractive to foreign investors
Despite the difficulties caused by the epidemic, Vietnam is one of the bright spots of the global economy with a growth rate of 2.91 percent when many major economics [...] » More
Banking sector faces risks as growing credit channeled to real state
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market. High amount of credit channeled into real [...] » More
Banks want central bank to hike credit growth quotas as economy rebounds
Nguyen Xuan Duong, chair of Hung Yen Garment Corporation, said his company expects its turnover to increase by 5-10 per cent this year, a higher rate than before the COVID-19 [...] » More
