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Category: FinanceSubscribe via RSS Feed

How much credit growth room have banks used?

17-Aug-2018 Intellasia | Tri Thuc Tre | 6:27 AM

Many banks have nearly used up of the credit “room” allocated by the State Bank of Vietnam (SBV) for this year. The declaration of SBV not to consider adjusting [...]
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Government targets to lower State ownership and list VCB, BID and CTG in foreign stock markets

17-Aug-2018 Intellasia | VnEconomy | 6:27 AM

On August 8th 2018, the prime minister issued Decision 986 approving the Vietnam’s banking sector development strategy, specifying the direction of reducing State [...]
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Trina Solar secures $30 mn credit facility from VietinBank

17-Aug-2018 Intellasia | VN Economic Times | 6:27 AM

Credit to be primarily used to fund and finance production and operations at Trina Solar’s plant in Vietnam. * Trina Solar provides modules to Vietnam’s largest [...]
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Samsung Pay to offer free money transfer service

17-Aug-2018 Intellasia | The Saigon Times | 6:27 AM

Local customers can use a Samsung Pay card to conduct payment transactions and transfer money free of charge from early September, a representative of Samsung Vina [...]
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Vietnam strives to reduce cash payment proportion

17-Aug-2018 Intellasia | VNA | 6:27 AM

The Vietnamese government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of [...]
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Reference exchange rate drops on August 15

16-Aug-2018 Intellasia | VNA | 6:36 AM

The daily reference exchange rate for August 15 was adjusted down 1 VND from the previous day to 22,685 VND/USD. With the current trading band of +/- 3 percent, the ceiling [...]
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M&As in banking sector encouraged

16-Aug-2018 Intellasia | VNA | 6:36 AM

* The government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said deputy prime minister Vuong [...]
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ACB gets nod to increase charter capital to over $548 million

16-Aug-2018 Intellasia | VNS | 6:36 AM

The State Bank of Vietnam has approved Asia Commercial Bank (ACB)’s proposal to increase its charter capital from VND11.25 trillion (US$479 million) to VND12.88 [...]
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Interbank rates sharply rise although SBV net injects VND14.4b

16-Aug-2018 Intellasia | NDH | 6:36 AM

According to the currency market report of Saigon Securities Incorporation (SSI) Retail Research, during the week of August 6th-10th, the liquidity of the banking system [...]
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Exchange rate exerts pressures on commodities

16-Aug-2018 Intellasia | Nguoi Lao Dong | 6:36 AM

US dollar price has increased over the recent time, but exchange rate pressures mainly come from external factors. In the 13th August trading session, the US dollar price in [...]
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BIDV succeeds in $18 million bond issue

16-Aug-2018 Intellasia | VNS | 6:36 AM

The Bank for Investment and Development of Vietnam (BIDV) has recently issued 10-year and 12 year-bonds worth a total of VND430 billion (US$18.29 million). The interest rate [...]
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Savings rates rise again

16-Aug-2018 Intellasia | Tri Thuc Tre | 6:36 AM

After continuously decreasing in the first half of the year (H1), the savings interest rates of some commercial banks have increased again from June and July. Since banks [...]
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Concern about exchange rate gradually eased

16-Aug-2018 Intellasia | Dau Tu Chung Khoan | 6:36 AM

The central rate of dong/US dollar on 9th August was at 22,666 dong/US dollar, down five dong compared to the previous day. This shows that the exchange rate is being [...]
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Banking development strategy values SBV’s independence and shows confidence in the system’s health

15-Aug-2018 Intellasia | VnEconomy | 7:13 AM

The government has issued Decision 986/QD-TTg on the development strategy of the Vietnam banking industry to 2025, with orientation to 2030 with notable messages. Over the [...]
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Cryptocurrency scams offer false promises

15-Aug-2018 Intellasia | Vietnamnet | 7:13 AM

The common characteristic of all the scams was that the heads of the cryptocurrency mining firms’ all promised sky-high interest rates for short-term investments. Alos [...]
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