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Category: FinanceSubscribe via RSS Feed

Vietcombank seeks government OK to ease foreign ownership cap in 2019

12-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

As part of the process, the bank would reduce the state ownership to 65 percent. Hanoi-based Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the [...]
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Banks post high profits in 2018

12-Jan-2019 Intellasia | VNS | 6:00 AM

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income [...]
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Customers benefit from cash back credit cards during Tet season

12-Jan-2019 Intellasia | Nhip song Kinh te | 6:00 AM

Lunar New Year (Tet) occasion from December to February has always been considered the peak shopping season of the year when a series of businesses have pushed sales, carry [...]
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Prime minister urges banks to lend more to stop loan-sharking

12-Jan-2019 Intellasia | VN Express | 6:00 AM

Prime minister Nguyen Xuan Phuc has said banks need to lend more, especially to poor people, to overcome the loan-sharking crisis. He admitted at a conference Wednesday that [...]
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Inter-bank e-payment turnover hits $3.2 trillion in 2018

12-Jan-2019 Intellasia | VNS | 6:00 AM

Inter-bank electronic payment turnover accelerated to VND73 quadrillion (US$3.2 trillion) in 2018, equal to 13 times the country’s GDP, according to Pham Tien Dung, [...]
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Money Forward Vietnam opens HCM City office

12-Jan-2019 Intellasia | VN Economic Times | 6:00 AM

Subsidiary of Japanese fintech company opens office in District 4. Money Forward Vietnam, a subsidiary of Japanese financial technology (fintech) company Money Forward, Inc., [...]
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Fintech v.s. Bank-Pay confrontation

12-Jan-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

Which one will win in the race between the electronic wallets (e-wallets) and banks’ applications? Too many electronic wallets The era of smartphones entails many [...]
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Reference exchange rate up 5 VND

12-Jan-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate on January 11 at 22,835 VND/USD, up 5 VND from the previous day. With the current trading band of +/- 3 [...]
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Reducing dependence of the real estate market on bank loans important

12-Jan-2019 Intellasia | Tri Thuc Tre | 6:00 AM

Real estate business requires medium-term and long-term capital, so in developed countries, investment funds and securities market are the main sources of capital supply, but [...]
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As credit limit is tight, banks seek to increase profits

12-Jan-2019 Intellasia | InfoMoney | 6:00 AM

The 14 percent credit growth target set in 2019 by the State Bank of Vietnam (SBV) has become a headache for many banks because low credit growth also means that banks will [...]
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Obstacles in banking sector need to be removed: PM

11-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

Prime minister Nguyen Xuan Phuc told a conference on the banking sector’s plans for 2019, held by State Bank of Vietnam on January 9, that the sector should not be [...]
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VPBank awards $43,000 scholarships

11-Jan-2019 Intellasia | VNS | 6:00 AM

VPBank has awarded scholarships totalling VND1 billion (US$43,000) to 39 students under its ‘VPBank Talent’ programme and more than 100 as part of ‘Home of [...]
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SBV prioritises macroeconomic stability in 2019

11-Jan-2019 Intellasia | VNS | 6:00 AM

Prime minister Nguyen Xuan Phuc on Wednesday told the State Bank of Vietnam (SBV) to take measures to ensure macro-economic stability, inflation control and growth in 2019. [...]
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‘Big four’ banks to lower interest rates on January 10

11-Jan-2019 Intellasia | VOV | 6:00 AM

Four major commercial banks have pledged to slash lending rates as of January 10 in a bid to further leverage access to loans for businesses operating in the prioritised [...]
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The first bank announces a reduction in lending rates in 2019

11-Jan-2019 Intellasia | VnEconomy | 6:00 AM

On 9th January, Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced the decision to reduce dong lending interest rates for corporate customers. [...]
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