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Category: FinanceSubscribe via RSS Feed

Credit growth below expectations

31-Dec-2019 Intellasia | The SaigonTimes | 6:02 AM

Vietnam’s credit growth, as of December 20, was reported at 12.1%, way below the 14 percent target set by the State Bank of Vietnam, according to the general [...]
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Remittances to Vietnam estimated at $16.7 billion this year

28-Dec-2019 Intellasia | The SaigonTimes | 6:02 AM

Incoming remittances to Vietnam are estimated to amount to $16.7 billion this year, making the country one of the top 10 recipients of remittances for the third consecutive [...]
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Life insurance widens sales to pharmaceuticals and supermarkets

28-Dec-2019 Intellasia | VIR | 6:02 AM

In addition to existing sales channels like agencies, bancassurance, cooperation with real estate companies, or online sales, life insurance companies continue to diversify [...]
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Banks launch certificates of deposit of 100,000 dong

28-Dec-2019 Intellasia | VnExpress | 6:02 AM

Banks were stepping up capital mobilisation by certificates of deposits, even some issued with the minimum amount of 100,000 dong, with the first-year interest rate up to [...]
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The banking system is getting better

28-Dec-2019 Intellasia | Thoi bao Ngan hang | 6:02 AM

Credit rating agency Moody’s Investors Service recently lowered Vietnam’s national credit outlook to negative. This has affected the credibility of 18 commercial [...]
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Vietnam’s foreign reserves surge 2.5 times over 2015

28-Dec-2019 Intellasia | VNA | 6:02 AM

Vietnam’s foreign reserves have surged 2.5 times against 2015, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said. Hung did not mention the exact figure, but [...]
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SBV loosens loan limit for some banks in 2020

28-Dec-2019 Intellasia | Dien dan Doanh nghiep | 6:02 AM

The State Bank of Vietnam (SBV) said credit growth in 2020 would maintain at about 14%. Currently, many commercial banks were waiting for the SBV to grant the loan limit in [...]
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Banks report profits exceeding 10tr dong

28-Dec-2019 Intellasia | BizLIVE | 6:02 AM

Vietnam Bank for Agriculture and Rural Development (Agribank) had just announced preliminary business results for the first 11 months of 2019. Accordingly, as of November 30, [...]
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Reference exchange rate up 7 VND

28-Dec-2019 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,169 VND/USD on December 27, up 7 VND from the previous day. With the current trading band of +/-3 [...]
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BIDV issues nearly 800 billion dong of medium and long-term bonds

28-Dec-2019 Intellasia | Tri Thuc Tre | 6:02 AM

Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV) said it successfully issued a total of 789 billion dong of medium and long-term bonds in the [...]
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Sunshine Group joins fintech race with ‘all-in-one’ super app

28-Dec-2019 Intellasia | VN EconomicTimes | 6:02 AM

Local real estate enterprise introduces super app that takes care of everything involving real estate. Vietnam’s real estate market is actively involved in the [...]
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Clients to benefit from Sun Life, TPBank deal: CEO

28-Dec-2019 Intellasia | VN Express | 6:02 AM

The recently-signed exclusive bancassurance deal between Sun Life and TPBank will assist customers to access optimal banking and insurance solutions, says Sun Life Vietnam [...]
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ABBANK expects 2019 profits to increase by 30 per cent

27-Dec-2019 Intellasia | VNS | 6:02 AM

An Binh Commercial Joint Stock Bank (ABBANK) expects to achieve VND1.22 trillion (US$52.4 million) in pre-tax profits this year, a 30 per cent increase from last year. As of [...]
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Abundant capital source drives rates in inter-bank market down

27-Dec-2019 Intellasia | VNS | 6:02 AM

Interest rates in the inter-bank market are declining in contrast to previous years when the rate often increased significantly due to rising capital demand at end of the [...]
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Credit growth reaches nearly 10pct

27-Dec-2019 Intellasia | Vietnam Finance | 6:02 AM

According to updated information from the State Bank of Vietnam (SBV), by the end of October 2019, the credit balance to the economy increased by 9.97 percent compared to the [...]
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