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Category: FinanceSubscribe via RSS Feed

Banks optimistic with 2019 targets

20-Feb-2019 Intellasia | Tri Thuc Tre | 6:00 AM

Some banks have announced the closing time for holding general Shareholders Meeting (GSM) in 2019. Banks’ GSMs this year will be held from about March to April, and the [...]
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Some banks raise interest rates after Tet

20-Feb-2019 Intellasia | NDH | 6:00 AM

Right on the first working day after the Tet holiday, Vietnam Technological and Commercial Joint Stock Bank (Techcombank) raised interest rates by 0.1 percent 0.4 percent on [...]
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Which banks recruit on the largest scale in 2018?

20-Feb-2019 Intellasia | VnExpress | 6:00 AM

Most banks have increased their staff, but the degree of diversification is in the same direction with the movement of their business results. The number of employees, [...]
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Banks allowed to expand network size in New Year

20-Feb-2019 Intellasia | VNS | 6:00 AM

Some banks have been given the green light from the State Bank of Vietnam to enlarge their network size in the first days of Lunar New Year. Bac A Bank has been given [...]
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SSI: ‘Sacombank has about 84,200 billion dong of problem assets, down 5.5pct compared to 2017′

20-Feb-2019 Intellasia | Vietnam Finance | 6:00 AM

According to a report on Saigon Thuong Tin Joint Stock Commercial Bank (Sacombank) recently announced, SSI Securities Company assessed Sacombank has closely followed the [...]
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Prospects of the banking sector

20-Feb-2019 Intellasia | NDO | 6:00 AM

A number of credit institutions reported record profits in addition to stable liquidity and interest rates and low non-performing loans in 2018,which will be the basis for [...]
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SBV to change reserve requirement policy

20-Feb-2019 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time [...]
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Non-life insurance and the war of digital technology

20-Feb-2019 Intellasia | Tin nhanh Chung khoan | 6:00 AM

Non-life insurance companies preparing to enter the Vietnam market with different measures all aim at the strategy of developing insurance products and services based on [...]
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Consumer finance demand to increase sharply in 2019

20-Feb-2019 Intellasia | Bao Dau tu | 6:00 AM

In 2019, the consumer finance market is forecasted to follow a strong growth trend when the demand for spending increases, but will be more realistic and the difference in [...]
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Prudential’s new digital system enables instant issuance of policy

20-Feb-2019 Intellasia | VNS | 6:00 AM

Prudential Vietnam Assurance Private Ltd has adopted Straight Through Processing for applications submitted online, which reduces the time it takes to issue policies from 20 [...]
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Unexpected statistics on CIs’ profitability

20-Feb-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The State Bank of Vietnam (SBV) has updated statistics on basic indicators of credit institutions (CIs). In particular, the data on total assets, charter capital, equity and [...]
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Reference exchange rate down at week’s beginning

19-Feb-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 22,913 VND per USD on February 18, down 2 VND from the last day of previous week (February 15). With the [...]
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SSI Retail Research: reducing reserve requirement does not put much impact on monetary policy

19-Feb-2019 Intellasia | Tri Thuc Tre | 6:00 AM

Recently, the State Bank of Vietnam (SBV) has been gathering comments on the draft Circular regulating the implementation of reserve requirement of credit institutions (CIs) [...]
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Macroeconomic indexes support VND: experts

19-Feb-2019 Intellasia | Vietnamnet | 6:00 AM

The US FED’s ‘less hawkish policy’ on raising interest rate has affected the exchange rate for the dong this year. The probability of the US FED maintaining [...]
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Reducing the compulsory reserve ratio: just a…formalistic order

16-Feb-2019 Intellasia | Dien dan Doanh nghiep | 6:00 AM

Despite a 50 percent reduction in the compulsory reserve ratio (CRR), the credit institutions (CIs) still cannot use this amount of capital to lend out due to the regulations [...]
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