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Category: FinanceSubscribe via RSS Feed

Vietcombank sells entire OCB stake

11-Sep-2018 Intellasia | VNS | 6:00 AM

Vietcombank sold all 1.47 million shares of Orient Commercial Bank (OCB) at an auction on Thursday. According to the Hanoi Stock Exchange, two individual investors bought the [...]
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Reference exchange rate up on week’s beginning

11-Sep-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the reference exchange rate at 22,694 VND/USD on September 10, up 6 VND from the last day of previous week (September 7). With the current [...]
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Worries about the bad debt trading market

11-Sep-2018 Intellasia | InfoMoney | 6:00 AM

The modest amount of bad debts offered for sale by Vietnam Asset Management Company (VAMC) in recent time has not been able to help commercial banks be less worried because [...]
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Remittance enhances real estate sector’s liquidity

11-Sep-2018 Intellasia | VNA | 6:00 AM

Remittance is an important factor in enhancing the liquidity of Vietnam’s real estate sector, as the amount of the money flowing to Vietnam in the recent years has [...]
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Most Vietnamese banks maintain reasonable credit growth in face of credit quota

11-Sep-2018 Intellasia | Hanoi Times | 6:00 AM

As Vietnamese banks were given credit quota since the beginning of the year, only Tien Phong Bank (TPBank) and Ho Chi Minh Development Bank (HDBank) have filled up their [...]
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Will credit growth achieve the target by year end?

11-Sep-2018 Intellasia | Stockbiz | 6:00 AM

Many say that to maintain credit growth tar get at about 17 percent, the State Bank of Vietnam (SBV) must consider extending the room for commercial banks that have good [...]
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Major banks join race to hike deposit rates

11-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

A few large commercial banks have adjusted upward their annual deposit rates following a hike in rates among small banks for call deposits of less than six months since [...]
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Vietnam banks face challenges in private offering to foreign investors

11-Sep-2018 Intellasia | Vietnamnet | 6:00 AM

Current legal regulations are hindering state-owned banks to attract foreign investors to their private placement though the measure is considered effectively to help the [...]
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Vietnam banks have large capital needs ahead of Basel II: Fitch

08-Sep-2018 Intellasia | Hanoi Times | 6:00 AM

The total capital shortfall of Fitch-rated banks could increase to $6.5 billion if they were to also raise their allowance coverage to 5.0 percent of gross loans and Vietnam [...]
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Reference exchange rate down 2 VND on September 7

08-Sep-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 22,686 VND/USD on September 7, down 2 VND compared to the previous day. With the current trading band of [...]
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Technology changes insurance industry

08-Sep-2018 Intellasia | Tin nhanh Chung khoan | 6:00 AM

By applying modern technology to customer care services, insurance companies expect to win trust of more and more customers, contributing to the growth and the stable [...]
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Will VND lose 3pct of its value in 2018?

08-Sep-2018 Intellasia | Vietnamnet | 6:00 AM

The depreciation of the Chinese yuan against the dollar has raised concerns that Vietnam’s goods will become less competitive in comparison with Chinese goods if [...]
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HDBank chosen to support ODA projects

08-Sep-2018 Intellasia | VNS | 6:00 AM

HDBank has been chosen as the bank to disburse World Bank and Asian Development Bank loans worth a total of $250 million to two projects. The two are the Vietnam Energy [...]
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Target on speeding up bad debts settlement in the next 2 years

08-Sep-2018 Intellasia | VnEconomy | 6:00 AM

Ending the first six months of 2018, the non-performing loans (NPLs) in the consumer financing company, FE Credit, tends to increase, which exhibits some distinctive features [...]
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P2P fintech firm launched in HCM City

08-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

MegaLend Vietnam Investment and Trading Corporation, a financial technology (fintech) company, was launched in HCM City on September 5 to support peer-to-peer (P2P) lending [...]
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