Category: Finance
The profit ranking of banks in Q1/2022
Statistics of 27 banks which have announced their financial statements for the first quarter (Q1) showed that, the total profits reached nearly 68 trillion dong, up by more [...] » More
VPBank takes $600 million syndicated loan
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has taken a $600 million syndicated loan from foreign lenders led by Sumitomo Mitsui Banking Corp (SMBC) and Maybank [...] » More
E-commerce transactions boom during COVID-19 pandemic
Vietnam has emerged as an attractive destination for local and international investors in e-payment, e-commerce and online gaming services even during the COVID-19 pandemic, [...] » More
Local e-wallet market evolving fast but needs to include expats, tourists: expert
The e-wallet market in Vietnam is witnessing the implications of rivalry amongst incumbents and new entrants, with an increased amount of consolidation across core market [...] » More
Mobile payment value hoped to surge 80 100pct annually
The banking sector hopes that by 2025, the volume of mobile payment transactions will grow by 50 80 percent while transaction value will surge 80 100 percent annually. Among [...] » More
Banks start a financial race
The increasing scale and the profit pressure have forced bansk to race to diversify financial investment products. Vietnam Prosperity Commercial Joint Stock Bank (VPBank) has [...] » More
HDBank records profit of VND2.52 trillion, bad debt only 1.17 per cent
HDBank has announced its pre-tax profit of over VND2.52 trillion (US$110 million) in the first quarter of this year, up 20.3 per cent year-on-year, completing 26 per cent of [...] » More
VIB records nearly VND2.3 trillion pre-tax profit in in Q1
Vietnam International Bank (VIB) has announced pre-tax profits of nearly VND2.3 trillion in the first quarter of this year (Q1), up 26 per cent year-on-year. VIB attributed [...] » More
Expert: Vietnam’s capital market very attractive and potential
Speaking at the conference on Developing a safe, transparent, efficient and sustainable capital market in order to stabilise the macro-economy, ensuring major balances of the [...] » More
Vietnam to announce list of problematic businesses in bond issuance
Minister of Finance Ho Duc Phoc has just signed Directive No.01/CT-BTC on strengthening supervision and rectifying problems related to issuance, investment, and service [...] » More
From prime minister’s message to actions to build trust on bond issuance
Bond issuers sighed with relief after hearing the message from prime minister Pham Minh Chinh released at a conference on developing the capital market safely, transparently [...] » More
Many small banks experience decline in total assets
Despite achieving positive profit results by the end of the first quarter (Q1) of 2022, the total assets at many small banks reported a decrease compared to the end of last [...] » More
SBV orders credit restrictions to curb property speculation in HCM City
Credit institutions in HCM City must limit credit for property purchases to combat speculation in the city, said the inspectorate of the State Bank of Vietnam’s (SBV) [...] » More
Reference exchange rate stays unchanged on April 29
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,140 VND/USD on April 29, unchanged from the previous day. With the current trading [...] » More
Credit tightening going some way to avert real estate bubble
The tightening of credit poured into the real estate sector in 2022 will contribute to preventing speculation and real estate bubbles, but it may not cut off the fever of the [...] » More
