Category: Finance
Remittances steady as lenders apply fresh transfer services
Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping [...] » More
Reference exchange rate down 18 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,159 VND/USD on October 15, down 18 VND from the previous day. With the current trading band of +/ 3 [...] » More
Firms with bad debts can access zero-interest loans for salary payments
Firms incurring bad debts can now get zero-interest loans from the loan package of VND7.5 trillion aimed at supporting Covid-19-affected employers with salary payments and [...] » More
Bad debt trading platform to start operation
The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation on October 15. Nguyen Trong Du, deputy Chief Inspector of State Bank of [...] » More
NCB records 16-time increase in profit year-on-year
National Citizen Commercial Joint Stock Bank (NCB, stock code: NVB) is the first bank to announce its financial statement for the third quarter (Q3) of 2021. The bank’s [...] » More
Non-interest income ‘saves’ banks’ profits
Since the Covid-19 epidemic occurred until now, the digital transformation in the banking industry has been increasingly promoted in order to meet the need of customers when [...] » More
Pawnshop chain F88 issues bonds worth $4.3 million
Pawnshop chain F88 has issued bonds worth VND100 billion (over $4.3 million) with a coupon rate of 11.5 percent to fund expansion of shops and payment of salaries and [...] » More
HDBank achieves 82pct of full-year plan in 9 months
The HCM City Development JSC Bank (HDBank) has announced its preliminary business results for the first nine months of 2021, with positive growth and a standalone [...] » More
Non-life insurance: expectation of revenue boost in wholesale channel
According to preliminary statistics of the Insurance Association of Vietnam (IAV), 12 out of 31 non-life insurers experienced a decrease in revenue growth in the first eight [...] » More
SBV’s deputy Governor: the difference between lending and savings interest rate of 2-2.5pct. reasonable
The average difference between lending and savings interest rates is currently about two to 2.5 percent, lower than before but there is still room for further reduction [...] » More
HDBank to privately issue $300 million of international bonds to increase Tier-2 capital
According to the HCM City Stock Exchange (HSX), the Board of directors (BOD) of HCM City Development Commercial Joint Stock Bank (HDBank) has approved a resolution to carry [...] » More
Reference exchange rate down 4 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,177 VND/USD on October 14, down 4 VND from the previous day. With the current trading band of +/ 3 [...] » More
SBV says no to more rate cuts this year
The State Bank of Vietnam (SBV) will keep the current deposit interest rates and lending rates unchanged until the end of this year to ensure the banking system’s [...] » More
Gold surpasses VND58 million per tael
Although the global gold price declined, gold exceeded VND58 million per tael (1.2 ounces) on October 12 in Vietnam. Specifically, Phu Nhuan Jewellery Company (PNJ) listed [...] » More
Bank loans rise despite pandemic
Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor [...] » More
