Category: Finance
Banks compete for credit card market share due to super profits
The bank card market previously maintained a double-digit growth rate in an entire decade. While the main product at that time was debit card, it is now credit card with many [...]
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Greenback surges to new high
Having raised US dollar prices to over VND23,400 on Tuesday, local banks continued chasing up the greenback by some VND40 today to a record high of some VND23,450, the local [...]
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Lowering interest rates seen challenging: expert
It will be hard for banks to lower interest rates in the coming years, depending on the actions of the US Federal Reserve and the management activities of the State Bank of [...]
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Identifying banking industry risks through credit analyses
Sharing at the seminar themed Vietnam’s 2019 Stock Market: the macro perspective and businesses’ profit prospect recently held by VietinBank Securities, experts [...]
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SBV net injects VND 5.5 trillion into the market
The bond market newsletter for the week from April 22nd to May 3rd recently released by Bao Viet Securities Company (BVSC) pointed out that the State Bank of Vietnam (SBV) [...]
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Local banks drawn to retail banking
Seeing the potential from a population of 96 million and the 2018 per capita GDP of 2,590 USD, Vietnamese banks are racing to develop retail markets. Retail banking is [...]
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Strange ‘peace’ in the foreign exchange market
The strategic report published by RongViet Securities Corporation (VDSC) in May has very new judgments about the foreign exchange market in general and the exchange rates in [...]
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The exchange rate re-stabilises in May
USD/VND exchange rate increased sharply in the last days of April, as a large supply of foreign currency was not poured into the market as expected. However, the exchange [...]
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Warburg Pincus expects greater leeway tapping in Vietnam’s finance-banking sector
Currently, the equity firm has five investment projects in Vietnam, two of which are in the field of finance. US-based global private equity firm Warburg Pincus expects to [...]
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EXIM Thailand seeks representative office in Vietnam
The ExportImport Bank of Thailand (EXIM Thailand) is seeking the State Bank of Vietnam (SBV)’s support to establish its first representative office in Vietnam. During a [...]
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Economists: exchange rate increases not a concern
The reference exchange rate and exchange rates of commercial banks have increased continuously in recent days, with the reference exchange rate making its record high on May [...]
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Bad debts climb in many banks
After first three months of the year, the picture of business activities of Vietnamese banks gradually appeared. In general, the profitability of banks continued to grow, [...]
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Reference exchange rate continues to rise
The State Bank of Vietnam set the daily reference exchange rate at 23,051 VND/USD on the morning of May 9, up 5 VND from the day earlier. With the current trading band of/- 3 [...]
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Insurer Bao Viet’s revenue up 19pct in Q1
Bao Viet Group posted nearly 8.1 trillion VND (348.2 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 percent. Life insurance rose by [...]
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5 big listed banks outperform the rivals
Statistics on 24 banks announcing their financial statements in the first quarter of 2019 showed that the number of profitable banks increased. In terms of absolute value, [...]
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