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Category: FinanceSubscribe via RSS Feed

5 e-wallet giants hold up to 90pct market share

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

Nghiem Thanh Son, deputy director of Payment Department said that Fintech filed in Vietnam has been experiencing strong growth in the recent time. According to statistics of [...]
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Robust economy underpins stable outlook for banks: Moody’s

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

Moody’s Investors Service said in a new report released on Monday that its stable outlook for Vietnam’s banking system reflects the country’s robust [...]
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VND depreciates less than other regional currencies

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

The US Federal Reserve has cut the FED Funds Rate by 0.25 percentage points to 2.5 percent because of the global economic growth slowdown, the trade tensions between the US [...]
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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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Reference exchange rate unchanged on August 21

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

The daily reference exchange rate was set at 23,120 VND per USD on August 21, unchanged from the previous day (August 20). With the current trading band of +/- 3 percent, the [...]
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More banks issue certificates of deposit with interest rates above 9pct per annum

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

Specifically, from August 8, Vietnam International Commercial Joint Stock Bank (VIB) issued 61-month term certificate of deposit, paid 12-month interest at an interest rate [...]
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Sacombank massively auctions debts with total value of nearly VND900 billion

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

In less than a month, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) will auction eight debts with a total starting price of nearly 900 billion dong. Specifically, [...]
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Fintech firms need clear policy to develop

22-Aug-2019 Intellasia | VNS | 6:02 AM

Vietnam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20. Ngo Van Duc, deputy director of [...]
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Limit on foreign investment will impede fintech development: expert

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

Financial technology (fintech) firms are in dire need of foreign investment, so a draft government decree that limits this kind of investment could hinder their development, [...]
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Fintech changing face of banking and finance

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

Hanoi seminar hears of potential for fintech development in Vietnam. The main topic of discussion at the “Fintech Management Policy” seminar held on August 20 in [...]
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E-wallets actively seek for foreign investment

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

Experts said that the restriction of foreign investment in the field of Fintech was particularly concerned because the development of Fintech businesses was still largely [...]
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Biwase, Vietinbank form comprehensive partnership for water supply

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

The Binh Duong Water Environment JSC (Biwase) and the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) signed a comprehensive credit cooperation pact [...]
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