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Reference exchange rate down 13VND on August 26

27-Aug-2019 Intellasia | VNA | 6:02 AM

The daily reference exchange rate was set at 23,114 VND per USD on August 26, down 13 VND from the last working day of previous week (August 23). With the current trading [...]
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Central bank orders tighter control over credit card payments

24-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

The State Bank of Vietnam (SBV) has asked commercial banks to tighten control over credit card payments to prevent the improper use of credit cards. Bank staff have consulted [...]
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Big four compete for the rankings

24-Aug-2019 Intellasia | Bao Dau tu | 6:02 AM

Business results for the first half of 2019 of big banks are gradually showing up. While Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) proclaimed its [...]
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The highest deposit rate reaches over 10pct

24-Aug-2019 Intellasia | Vietnam Finance | 6:02 AM

As being in short of medium and long-term capital, banks are racing to issue certificates of deposits (CDs). Viet Capital Commercial Joint Stock Bank (VietCapitalBank) has [...]
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BIDV, EXIM Thailand sign cooperation agreement

24-Aug-2019 Intellasia | VNA | 6:02 AM

The Bank for Investment and Development of Vietnam (BIDV) and the Export-Import Bank of Thailand (EXIM Thailand) have signed a cooperation agreement. Under the document, the [...]
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UOB expands into Vietnam’s north with Hanoi branch

24-Aug-2019 Intellasia | VN Economic Times | 6:02 AM

Opening of branch reflects bank’s long-term commitment to Vietnam. United Overseas Bank (Vietnam) Limited officially opened a branch in Hanoi on August 22, its first [...]
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What is the ranking of total assets of Vietnamese banks today?

24-Aug-2019 Intellasia | Tri Thuc Tre | 6:02 AM

Currently, 11 banks had total assets of over $10 billion, but also nearly 15 banks with total assets of less than 100 trillion dong. For nearly a decade, the scale of [...]
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Refusing to merge, Saigonbank struggles

24-Aug-2019 Intellasia | InfoMoney | 6:02 AM

Saigon Commercial Joint Stock Bank for Industry and Trade (Saigonbank, SGB) was established in 1987. After nearly 32 years in operation, the bank’s charter capital is [...]
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Reference exchange rate up 11 VND on August 23

24-Aug-2019 Intellasia | VNA | 6:02 AM

The daily reference exchange rate was set at 23,127 VND per USD on August 23, up 11 VND from the previous day (August 22). With the current trading band of +/- 3 percent, the [...]
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KBSV: Banking growth slows down due to the absence of unexpected profits

24-Aug-2019 Intellasia | InfoMoney | 6:02 AM

KB Securities Vietnam Joint Stock Company (KBSV) just had a thematic report, including a mention of the banking industry’s business in 2019. Accordingly, KBSV said, [...]
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Illegal foreign currency transactions rampant in Danang

24-Aug-2019 Intellasia | DtiNews | 6:02 AM

Many shops in Han Market, Danang City, have been found to be illegally offering foreign currency trading for tourists. A seller in Han Market received Thai baht from tourists [...]
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Personal deposits at Vietnam’s banking system up 8pct in Jan-Jun

23-Aug-2019 Intellasia | HanoiTimes | 6:02 AM

Contrary to the strong fluctuation of deposits from economic organisations, individual deposits increased steadily in the January June period. Personal deposits in [...]
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Liquidity stable, interbank rates remain around 3pct.

23-Aug-2019 Intellasia | Vietnam Finance | 6:02 AM

According to the latest capital market report of Bao Viet Securities Company (BVSC), the State Bank of Vietnam (SBV) net withdrew 2.980 trillion dong via T-bill channel. [...]
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State Treasury raises 123 million USD via G-bond auction on HNX

23-Aug-2019 Intellasia | VNA | 6:02 AM

The State Treasury of Vietnam mobilised more than 2.85 trillion VND (nearly 123 million USD) from a G-bond auction on the Hanoi Stock Exchange (HNX) on August 21. Some 3 [...]
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The deposit interest rate race more intense

23-Aug-2019 Intellasia | Tri Thuc Tre | 6:02 AM

The uptrend of banks’ deposit interest rates has been forecasted by experts and the market, but such strong increase in recent days is not commonly expected. In the [...]
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