Category: Finance
Real estate credit on the right track
That was confirmed by Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV) HCM City at the seminar on “Vietnam Real Estate Development: Vision and [...]
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Reference exchange rate stays unchanged on August 14
The daily reference exchange rate for August 14 was kept unchanged from the previous day at 22,686 VND/USD. With the current trading band of +/- 3 percent, the ceiling rate [...]
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ANZ Vietnam appoints new CEO
ANZ on August 13 announced the appointment of Jodi West as CEO of the bank’s Vietnam branch. She will report to Farhan Faruqui, ANZ Group Executive, International. West [...]
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Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports
After months of deliberation, Vietnam has moved to halting imports of cryptocurrency mining equipment according to a customs department in the country. Domestic businesses [...]
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Banking development strategy values SBV’s independence and shows confidence in the system’s health
The government has issued Decision 986/QD-TTg on the development strategy of the Vietnam banking industry to 2025, with orientation to 2030 with notable messages. Over the [...]
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Cryptocurrency scams offer false promises
The common characteristic of all the scams was that the heads of the cryptocurrency mining firms’ all promised sky-high interest rates for short-term investments. Alos [...]
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How much does Bancassurance contribute to revenue of non-life insurance companies?
Bao Minh Insurance Corporation (BMI), BIDV Insurance Corporation (BIC), Post Insurance Corporation (PTI) and Petrolimex Insurance Company (PGI), all aim to raise the [...]
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Experts: Exchange rate fluctuates sharply, SBV should further tighten foreign currency lending
In recent years, the State Bank of Vietnam (SBV) has pursued the target to reduce the dollarisation of the economy, thereby reducing the lending in foreign currencies between [...]
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Banks call for credit growth limit increase
In the first half of the year, many commercial banks almost reached the lending cap set for the whole year by the State Bank of Vietnam (SBV). They have now requested SBV, [...]
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Prudential Finance honoured for customer service
Prudential Finance Vietnam has received the award for the Best Consumer Finance Company for Customer Service in 2018 by British magazine Global Banking & Finance Review. [...]
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Banks rise high in taxpayers’ list
The 1,000 Biggest Taxpayers 2017 list has many banks, including Vietcombank, VietinBank and BIDV, right at the top. In fact, 10 lenders made it to the top 50, according to [...]
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Vietnam’s insurance industry grows 31pct in 7 months
In 2018, Vietnam`s insurance market revenue is set to grow 22.38 percent year-on-year to reach VND129.2 trillion (US$5.68 billion). The total premiums collected by insurance [...]
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Minimum State ownership ratio at State-owned banks to be reduced to 51pct
In the period from 2021 to 2025, the minimum State ownership ratio of State-owned banks will be reduced to 51 percent, instead of 65 percent at present. Except for Vietnam [...]
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Exchange rate hits record high
The State Bank of Vietnam (SBV) today, August 13, raised the central exchange rate between the US dollar and the dong to an all-time high of VND22,686 per dollar, reported [...]
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Reference exchange rate goes up at week’s beginning
The State Bank of Vietnam adjusted the daily reference exchange rate up on the first day of the week (August 13), setting the rate at 22,686 VND/USD, an increase of 10 VND [...]
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