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Category: FinanceSubscribe via RSS Feed

Reference exchange rate down on November 8

09-Nov-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate on November 8 at 22,725 VND per USD, 2 VND lower than the rate on the previous day (November 7). With the [...]
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SBV net withdraws more than 6.4tr dong from the market

09-Nov-2018 Intellasia | Tri Thuc Tre | 6:00 AM

The interbank rates continued the upward trend indicating that the liquidity of the system was still very tight. According to a recent report of Bao Viet Bank Securities [...]
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The rapid growth of Techcombank’s model

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

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) was the first bank to be allowed to increase its credit growth limit from 14 percent to 20 percent. This [...]
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Bad debt situation gets worse in big banks

08-Nov-2018 Intellasia | Vietnam Finance | 6:00 AM

The consolidated financial statements in the third quarter (Q3) of seven major banks including (Commercial Joint Stock Bank for Foreign Trade of Vietnam (Vietcombank), [...]
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Vietnamese man escapes controversial $3,900 fine for $100 note exchange

08-Nov-2018 Intellasia | VN Express | 6:00 AM

A Can Tho man who had been slapped with a VND90 million ($3,900) penalty for changing a $100-bill has been pardoned. Nguyen Ca Re, 38, an electrician in the southern city, [...]
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High prices make bad debts difficult to sell

08-Nov-2018 Intellasia | Nguoi Lao Dong | 6:00 AM

Concerned about the debt recovery of capital and interest, many banks have to sell real estate mortgages at high prices. Over the past time, the implementation of Resolution [...]
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Banks struggle to mobilise capital

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

As many banks have almost reached the lending cap set for the whole year, they are now seeking ways to mobilise funds to meet the demand for loans among individual and [...]
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Experts say interest rates hard to fall

08-Nov-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

In October, dong interest rates rose on both Tier-1 and Tier-2 market. To meet high liquidity needs, SBV pumped 92.065 trillion dong into the market. Analyst Team of SSI [...]
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Shinhan Bank launches new mobile banking app

08-Nov-2018 Intellasia | VN Economic Times | 6:00 AM

App features range of safe and secure log in options. Shinhan Bank Vietnam has officially launched a new mobile banking app, SOL, with many outstanding features. Apart from [...]
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Four years on, Ocean Group unable to recover from chair’s imprisonment

08-Nov-2018 Intellasia | VN Express | 6:00 AM

Ocean Group has suffered accumulated losses of $124 million since chair Ha Van Tham was jailed in 2014 in one of Vietnam’s biggest trials. The company, which has [...]
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Interest rate cap application necessary

08-Nov-2018 Intellasia | Thoi bao Ngan hang | 6:00 AM

The highlight of the week was the sixth meeting session of the National Assembly season XIV lasting three days from 30th October to 1st November 2018). As the backbone of the [...]
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USD/VND exchange rate remains stable in face of Chinese yuan’s slide

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

The State Bank of Vietnam (SBV)’s timely intervention has been key to stabilise the VND in the context of global uncertainties. The USD/VND exchange rate remained [...]
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Banks ‘eye’ young people

08-Nov-2018 Intellasia | Nhip Cau Dau Tu | 6:00 AM

Many banks are trying to be appeal to young people, actively promoting the generation of up to three-fifths of the world’s workforce for “good loans, thick [...]
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Reference exchange rate up on November 7

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

The State Bank of Vietnam adjusted the daily reference exchange rate up on November 7, setting the rate at 22,727 VND per USD, 2 VND higher than the rate on the previous day. [...]
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Brokerage predicts BIDV’s pre-tax profit up over 8pct in 2018

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

The future sale of 600 million shares to KEB Hana, if successful, will have a big positive impact on BIDV’s financial picture by improving its credit and profit growth [...]
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