Category: Finance
Weak banks face challenge when targeting Basel II
According to the State Bank of Vietnam (SBV)’s roadmap, from the beginning of 2020, all commercial banks would apply capital safety standards by the standard method. [...]
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Vietnam’s forex reserves peak at $70 billion
After two big purchases of foreign currencies in the first four months of the year and from July until now, Vietnam’s forex reserves reached the highest level, now at [...]
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VietinBank and BIDV have not paid dividends since 2017
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) regularly paid [...]
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Reference exchange rate up 1 VND at week’s beginning
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,161 VND per USD on September 30, up 1 VND from the last working day of previous week (September [...]
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Reference exchange rate up 5 VND on September 27
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,160 VND per USD on September 27, up 5 VND from the previous day. With the current trading band of [...]
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Vietcombank massively expands its network with 31 new transaction offices
The State Bank of Vietnam (SBV) just issued Document No. 7446/NHNN-TTGSNH approving the establishment of 31 transaction offices under the 2018 Network Development Plan of [...]
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Domestic gold price dips
Local gold prices dropped sharply today, September 26, after four consecutive days of rising prices, the local media reported. Saigon Jewellery Company (SJC), whose SJC gold [...]
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Recruitment in banks reaches thousands of employees
Entering the end of the year business season, many large banks organise recruitment in large numbers, including both internship and official positions. Specifically, Sai Gon [...]
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New special control regulations for credit institutions to take effect next month
The State Bank of Vietnam (SBV)’s Governor or the directors of SBV’s municipal and provincial branches will be able to lace credit institutions under the [...]
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BIDV expects to apply Basel II after the capital increase
A source from the State Bank of Vietnam (SBV) said that Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV, stock code on HCM City Stock Exchange [...]
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Banks massively issue bonds for cross-ownership
The bank still issued mass bonds in the context of raising capital to balance short-term, medium and long-term capital, while ensuring capital adequacy ratio. However, the [...]
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Insurance market heats up with numerous big deals
From early September until now, the Vietnam’s life insurance market has continuously welcomed information on high-value bancassurance deals and mergers and acquisitions [...]
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Vietnam central bank’s 25bps rate cut is pre-emptive action: StanChart economist
The Vietnamese central bank is expected not to take further monetary policy action for the rest of 2019. The recent broad-based 25-basis-point (bps) rate cut by the [...]
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Investing in transaction quality, banks grow strongly
Close to the end of the year, banks were sprinting to the finish line. According to the semi-annual result of Vietnamese banks, there was a deep differentiation. The leading [...]
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Exchange rate should be protected in fluctuations
Recently, the US Federal Reserve System (FED) reduced 0.25 percentage points of the reference interest rate for overnight loans, to 1.75 percent to two percent per year. This [...]
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