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Category: FinanceSubscribe via RSS Feed

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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Agribank and VietinBank massively sell debts and secured assets

08-Sep-2018 Intellasia | Tri Thuc Tre | 6:00 AM

Commercial Joint Stock Bank for Agriculture and Rural Development of Vietnam (Agribank) and Agribank Asset Management Company (Agribank AMC) have recently posted a series of [...]
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Consumer finance arms race

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

Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market. FE Credit, currently the [...]
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Should USD loans banned?

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

Before prohibiting foreign currency loans, the State Bank of Vietnam (SBV) should do survey on the real market. The State Bank Governor Le Minh Hung has recently requested [...]
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Vietnam government requests handling of illegal Chinese-issued POS payment

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

The use of illegal foreign electronic wallets is considered a form of tax evasion, causing losses to the state budget. Deputy prime minister Vuong Dinh Hue has requested [...]
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The ‘key’ to open P2P lending

08-Sep-2018 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

Fintech, with the connection to the Peer to Peer lending (P2P lending), to some extent will partly solve the consumer credit needs, according to Luu Tuong Bach Chair of [...]
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Banks seek ways to ensure long-term financial services for the poor

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

How to ensure financial sustainability and long-term financial services for the poor at the same time remains a headache for both policy makers and financial service [...]
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Developing payment services a long-distance race

07-Sep-2018 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

Promoting non-cash payment, optimising ATM and POS networks, pursuing a ratio of cash to total means of payment of less than 10 percent by the end of 2020, and less than [...]
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Over $744 billion mobilised from selling G-bonds in August

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

The Hanoi Stock Exchange held 38 auctions in August, mobilising a total of more than VND17.3 trillion (US$744.3 billion) worth of government bonds, up 9.9 per cent from the [...]
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SBV net withdraws over 3tr dong as liquidity is less stressful

07-Sep-2018 Intellasia | Tri Thuc Tre | 6:00 AM

The recent report of Bao Viet Securities Company (BVSC) showed that in the week of August 27th 31st 2018, the State Bank of Vietnam (SBV) newly injected 7.705 trillion dong [...]
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Deputy PM calls for crackdown on Chinese digital wallet payments

07-Sep-2018 Intellasia | VN Express | 6:00 AM

The Vietnamese government wants to stop tourists from using Chinese electronic wallets, saying it results in tax evasion. Deputy prime minister Vuong Dinh Hue has ordered [...]
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Reference exchange rate stays unchanged on September 6

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

The State Bank of Vietnam kept the daily reference exchange rate at 22,688 VND/USD on September 6, unchanged for the third consecutive day of the week. With the current [...]
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Foreign investors change hands 1.35 million shares of Warburg-backed Techcombank

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

The said amount in transactions was expected to total VND355 billion (US$15.24 million) or VND26,300 (US$1.13) apiece under the current market price recorded by the end of [...]
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Banks to fight for every single penny

07-Sep-2018 Intellasia | Dien Dan Doanh Nghiep | 6:00 AM

In the context of tightening credit growth by the State Bank of Vietnam (SBV), some banks have had to adjust their strategies to break down loans and collect every single [...]
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