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Category: FinanceSubscribe via RSS Feed

Korean banking giants seek more M&A deals in 2020

07-Jan-2020 Intellasia | Vietnam Plus | 6:02 AM

Banking giants from South Korean will be actively seeking more mergers and acquisitions (M&A) deals in 2020 in order to increase business portfolios. Speaking in the New [...]
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Remittance soaring to benefit real estate projects?

07-Jan-2020 Intellasia | VIR | 6:02 AM

With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances. With remittances hitting $17 [...]
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Japanese bank seeks 9.9 pct stake in Vietnam’s OCB

07-Jan-2020 Intellasia | VN Express | 6:02 AM

Japan’s Aozora Bank Ltd could acquire 9.91 percent of Vietnam’s Orient Commercial Joint Stock Bank in a VND1.22 trillion ($52.8 million) deal. OCB is seeking [...]
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Bank lending rates expected to fall in the new year

07-Jan-2020 Intellasia | VNS | 6:02 AM

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5 1 percentage point this year, and lending [...]
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Mobile money supports startups in the digital field

07-Jan-2020 Intellasia | Thoi bao Ngan hang | 6:02 AM

That was shared by minister of Information and Communications Nguyen Manh Hung at the Conference on deploying banking missions in 2020, the event that took place on the [...]
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Will Vietnam be sued if it restricts foreign investments in fintechs?

04-Jan-2020 Intellasia | Vietnamnet | 6:02 AM

The State Bank of Vietnam (SBV) affirmed that regulations are in line with international commitments, which show Vietnam’s management rights in the field of payment [...]
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Credit growth abnormally jumps at end of the year

04-Jan-2020 Intellasia | Dien dan Doanh nghiep | 6:02 AM

Speaking at the government’s online conference with localities at the end of 2019, Le Minh Hung, the Governor of State Bank of Vietnam (SBV), said that the credit [...]
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Pharmacity & Bao Long Insurance launch healthcare programme

04-Jan-2020 Intellasia | VN EconomicTimes | 6:02 AM

Pharmacity Care introduced to better improve customers’ healthcare experience. The Pharmacity Pharmacy JSC announced on December 30 its cooperation with the Bao Long [...]
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Reference exchange rate up 7 VND

04-Jan-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,157 VND/USD on January 3, up 7 VND from the previous day. With the current trading band of +/-3 percent, [...]
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Credit growth exceeds 13pct in 2019

04-Jan-2020 Intellasia | VNA | 6:02 AM

Credit grew over 13 percent in 2019, slightly below the yearly target of 14 percent, a senior official from the State Bank of Vietnam (SBV) told a recent press conference. [...]
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Factors affect bank profits in 2020

04-Jan-2020 Intellasia | Vietnam Finance | 6:02 AM

According to Viet Dragon Securities Company (VDSC), in 2020, the credit growth will be similar to 2019. The net profit margin will continue to selectively expand and the [...]
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Retail banking service becomes a trend among commercial banks

04-Jan-2020 Intellasia | VNA | 6:02 AM

Many Vietnamese commercial banks have moved to develop retail banking services, seeing it as a strategy to reduce risks and optimise their business results, according to [...]
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Credit institutions boost consumer lending before Tet

04-Jan-2020 Intellasia | VNS | 6:02 AM

The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Tet (Lunar New Year) is an opportunity for both banks and [...]
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Banks find the exit door in credit with corporate bonds

04-Jan-2020 Intellasia | Nhip cau Dau tu | 6:02 AM

More and more businesses were promoting bond issuance, especially real estate businesses. According to SSI Securities Corporation, by the end of the first 11 months of 2019, [...]
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Strong epayment growth recorded in 2019

04-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM

Cashless payments grew strongly in 2019, with 635,000 transactions worth a total of VND380 trillion recorded each day, according to statistics from the State Bank of Vietnam [...]
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