Category: Finance
Cooperation between Vietcombank, FWD Insurance to benefit Vietnam customers
Deputy prime minister Vuong Dinh Hue requested FWD to invest in innovation startups in Vietnam, which are considered one of the country’s potential fields for [...]
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Banks lower savings rates but base rate could still be high
Several local banks have reduced their interest rates in recent days, going against the banking sector’s general end of the year trend of increasing rates to boost [...]
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The market of e-wallet proliferates in recent years
According to the statistics of the Payment Department, by the end of October 2019, there were 32 companies licensed by the State Bank of Vietnam (SBV) to provide intermediary [...]
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Bad debts increase in most banks
According to statistics from 26 banks, by the end of September, the total bad debts of these banks were over 113 trillion dong, an increase of more than 15 trillion dong [...]
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Not only profit, banks also race in total assets
In banking activities, profit is often the first and outstanding criteria when comparing among members. However, from the perspective of governance and following the [...]
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Developing Vietnamese banks: Scale or speed?
The development strategy of Vietnam’s banking industry to 2025, with a vision to 2030, has set a target of having one or two banks in the top 100 largest banks in the [...]
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Corporate bond rate rises to 20pct
In early November 2019, Hong Hoang Commercial Investment Joint Stock Corporation pledged 60,771,055 Asia Commercial Joint Stock Bank (ACB) shares owned by Hong Hoang [...]
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Reference exchange rate up 6 VND on November 14
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,145 VND per USD on November 14, up 6 VND from the previous day (November 13). With the current [...]
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Techcombank leads the banking group in performance
The top 500 businesses with the best profit in Vietnam (Profit500 ranking) of VnReport has recognised Vietnam Technological and commercial Joint Stock Bank (Techcombank) as [...]
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Why do many banks raise the proportion of medium and long-term loan?
Unlike many other countries, in Vietnam, the banking system still has to play the main role in providing medium and long-term capital to the economy due to the underdeveloped [...]
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Vietnam needs to promote access to supply chain financing : experts
When trade grows, promoting supply chain financing will help improve the competitiveness of micro, small and medium enterprises (MSEME) in Vietnam, enabling them to join [...]
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Visa: Fintech key in cutting reliance on cash
Fintech could drive last mile adoption of digital payments according to Visa. Fintech companies could hold the key to driving last mile adoption of digital payments and [...]
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The volume of treasury bills in circulation remains high in peak season
Although money has reclaimed into the market, the number of treasury bills in circulation is still anchored by the State Bank of Vietnam (SBV). Specifically, the market [...]
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KEB Hana set to accelerate expansion in Vietnam
KEB Hana Bank is set to speed up its expansion in Vietnam, after acquiring shares of the country’s largest bank by assets. The bank said Tuesday it became the second [...]
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Deputy PM highly values Chinese insurance firm’s investment plan
Deputy prime minister Vuong Dinh Hue received Chair of the China Taiping Insurance Group Luo Xi in Hanoi on November 12, welcoming the firm’s intention to invest in the [...]
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