Category: Finance
Banks ramp up support for customers in COVID-19 time
Amidst the unpredictable developments of the COVID-19 epidemic, many banks have slashed lending rates by up to 2 per cent per year to help customers mitigate the implications [...]
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Standard Chartered Bank Vietnam rolls out COVID-19 relief measures for clients
Standard Chartered Bank Vietnam has introduced a series of relief measures to support its corporate banking and retail banking clients to alleviate their financial burdens [...]
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Moody’s places five Vietnamese financial institutions on review for downgrade
An upgrade is unlikely, given the review for downgrade. Moody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies [...]
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Concerns about a new bad debt cycle
In the report on the banking industry 2019 released in January 2020, Saigon Securities Incorporation (SSI) unexpectedly mentioned about the bad debts of the new credit cycle. [...]
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The wave of changing senior personnel at banks returns
HCM City Development Joint Stock Commercial Bank (HDBank), on April 2, announced the change of two critical senior staff of this bank. Specifically, Nguyen Huu Dang, who had [...]
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Five solutions for SBV and banks during Covid-19
The report evaluating the impact of Covid-19 on the economy of the National Economics University provides some recommendations as well as solutions for the State Bank of [...]
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Hanoi promotes cashless payment, e-commerce
Hanoi plans to promote cashless payments as part of efforts to develop e-commerce in the capital. Under a plan recently issued by the municipal People’s Committee, the [...]
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Banks reduce deposit rates
Local banks have slashed deposit rates to save operating costs and smooth the path for their plans to lower lending rates to support businesses affected by the coronavirus [...]
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Banks seem to prepare a ‘completely new’ business plans
The delay of the annual general Meeting of Shareholders had created time for many banks to consider submitting completely new business plans to shareholders. Kien Long [...]
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Insurance sector increases by about 16pct in Q1 2020
According to statistics of the General Statistical Office, in the first quarter (Q1) of 2020, insurance business recorded an estimated high growth rate of 16%, in which life [...]
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Reference exchange rate down 5 VND on April 8
The State Bank of Vietnam set the daily reference exchange rate at 23,225 VND per USD on April 8, down 5 VND from the previous day. With the current trading band of +/-3 [...]
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VPBank offers lending rate cuts to firms and customers
VPBank has announced a further lending cut of 2 per cent for small and-medium sized enterprises (SMEs), the second time it has slashed rates to support customers since the [...]
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Leaders take action to support bank stocks
Closing the session on March 31st, the VN Index stood at 662.53 points, the number that no investors could think of before entering 2020. At this level, the Price/earnings of [...]
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NCB completes CAR according to Basel II standards
National Citizen Commercial Joint Stock Bank (NCB) said that the bank has completed developing the programme and data system to calculate capital adequacy ratio (CAR) [...]
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Credit in March starts to self-recover
Speaking at the government’s regular online meeting held on April 1, 2020, Governor Le Minh Hung emphasized that until recently, banking activities had been smooth, [...]
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