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Category: FinanceSubscribe via RSS Feed

Sea level rise poses long-term credit risk to Vietnam: Moody’s

22-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM

Vietnam (Ba3, negative) is one of the most exposed sovereigns to sea level rise, whether measured by the share of the population, land area or economic activity threatened, [...]
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Foreign banks may return soon

22-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam [...]
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Vietcombank holds the No.1 position in the banking system

22-Jan-2020 Intellasia | BizLIVE | 6:02 AM

After three years, the dual-horse race with the aim of being the Number One (No. 1) position of the Vietnamese banking system became more transparent. Five years ago, when [...]
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Profit of Vietnam banking sector predicted to grow 22.5pct in 2020

22-Jan-2020 Intellasia | HanoiTimes | 6:02 AM

In 2020, the credit growth is expected to be in range of 13 13.5%, down from 13.7 percent last year. Pre-tax profit of Vietnam’s banking sector is predicted to expand [...]
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Reference exchange rate up 3 VND

22-Jan-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,158 VND/USD on January 21, up 3 VND from the previous day. With the current trading band of +/-3 [...]
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Numbers hide behind the excellent profit growth for many consecutive years of VietBank

22-Jan-2020 Intellasia | Vietnam Finance | 6:02 AM

Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) had just released its financial statements for Q4/2019. Accordingly, the whole year’s profit of VietBank [...]
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ATMs stutter during busy Lunar New Year lead-up

22-Jan-2020 Intellasia | VN Express | 6:02 AM

Many people in Hanoi and Saigon were unable to withdraw cash from ATMs while online bank transfers also took longer than usual during weekend. Three ATMs belonging to a bank [...]
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VAMC collects nearly 152tr dong since its establishment

22-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

At the recent Mission Implementation Conference, Vietnam Asset Management Company (VAMC) said that in 2019, bad debt was purchased with special bonds of 381 obligations, [...]
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Zero-dong banks struggle for restructuring

22-Jan-2020 Intellasia | Dien dan Doanh nghiep | 6:02 AM

Entering 2020, banks are racing to announce Tet bonuses, but zero-dong banks are still silent. So how are these banks doing business? For five years, officials and employees [...]
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Banks set ambitious targets in 2020

22-Jan-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

Although the credit growth target set in 2020 is not higher than 2019 which was 14%, according to banks, the profit target set for this year will increase by at least 10%. [...]
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BIDV introduces banking app on Apple Watch

22-Jan-2020 Intellasia | VN EconomicTimes | 6:02 AM

First banking app on Apple Watch that enables bank transfers and phone recharging by voice now available. BIDV has cooperated with VNPAY to launch the BIDV SmartBanking app [...]
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Sacombank brings cheer to the disadvantaged during Tet

21-Jan-2020 Intellasia | VNS | 6:02 AM

Sacombank has set aside VND8 billion (US$346,783) for Tet (Lunar New Year) gifts for the disadvantaged in Vietnam as well as in Laos and Cambodia. The gifts are part of [...]
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The habit of trading via ATM has changed dramatically

21-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

At the 2019 summarising meeting and implementing the 2020 operation of National Payment Corporation of Vietnam (Napas) on January 15, Nguyen Quang Hung, general manager of [...]
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VND to average slightly weaker in 2020

21-Jan-2020 Intellasia | VOV | 6:02 AM

The dong (VND) would average just slightly weaker by around 1 percent to VND23,475/USD in 2020 due mainly to an predicted decrease in foreign direct investment (FDI) inflows [...]
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Global Finance names VietinBank as Best Trade Finance Provider in Vietnam

21-Jan-2020 Intellasia | VOV | 6:02 AM

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has been honoured by the Global Finance magazine of the United States as the Best Trade Finance [...]
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