Category: Finance
Deposit cap decreases from March 17th
The State Bank of Vietnam (SBV) has announced to reduce numerous interest rates to support the liquidity of the banking system from March 17th, in order to ease the Covid-19 [...]
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Traditional insurance and Insurtech shaking hands
Information from BIDV Insurance (BIC) showed that the company in recent time has received support from its strategic partner Fairfax in developing new projects, in parallel [...]
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Banks consider rescheduling the 2020 annual shareholder meeting due to Covid-19
Banks have fixed the list of shareholders participating in the annual general meeting of shareholders. However, in the context of the complicated covid-19 epidemic, the State [...]
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The banking agents in Vietnam develop but lack of legal framework
In recent years, with the continuous development of technology and the trend of branchless banking, the agent banking model had been established and developed in many [...]
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Plan on equitising SOEs and raising capital for state-owned banks affected by Covid-19
The analysis group of KB Securities Vietnam (KBSV) has recently mentioned that the level of integration and openness of Vietnam’s economy is now completely different [...]
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The outbreak of the COVID-19 epidemic threats the target of increasing credit in 2020
The explosion of the COVID-19 epidemic had significantly affected the credit growth target of 2020. Adverse credit because of the epidemic In recent years, credit often [...]
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Gold prices fall in the market
Domestic gold prices fell following the declining trend in global markets on Friday. Opening this morning, the Sai Gon Jewellery Company (SJC) listed their gold at VND46.30 [...]
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Banks sacrifice profits for the common good
In the context of the unpredictable developments of the Covid-19 epidemic, the banking sector has made very drastic moves, proactively issued many documents to direct credit [...]
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The economy needs to strengthen the resistance
The business and production activities of enterprises were affected severely by the Covid-19 epidemic. Facing this fact, banks had made moves and solutions to support [...]
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Reference exchange rate up 10 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,222 VND per USD on March 16, up 10 VND from the last working day of previous week (March 13). With the [...]
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Cash to be disinfected to curb spread of COVID-19
The State Bank of Vietnam (SBV) has asked Vietnamese credit institutions and foreign banks’ branches in the country to disinfect cash in a bid to curb the spread of [...]
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Foreign capital to flow into non-life insurers on hopes of State divestment
State divestment is expected to lure foreign investors into and lift Vietnam’s non-life insurance market. Among the major State-owned insurers are PVI Insurance, Bao [...]
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Vietcombank and Vietinbank about to meet the requirement of raising capital for Basel II
In only about two more weeks, the rendezvous point of 10 trillion dong in capital increases for the two big banks would pass. Even so, there was no sign of any specific [...]
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Banks lower interest rates for 8,000 virus-hit borrowers
Local banks have reduced lending rates for 8,000 customers who have been affected by the coronavirus outbreak, stated Nguyen Quoc Hung, head of the State Bank of [...]
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State Bank approves restructuring plan for Saigon Commercial Bank
The restructuring plan of Saigon Commercial Bank (SCB) for 2019-2020, with a vision to 2030 has got a nod from the State Bank of Vietnam (SBV). According to a 2019 financial [...]
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