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Category: FinanceSubscribe via RSS Feed

Moody’s assigns first-time rating for SHB Finance

08-Aug-2019 Intellasia | VIR | 6:02 AM

Moody’s Investors Services on August 5 assigned a first-time long-term issuer rating of B3 to SHB Finance Co., Ltd, with stable entity-level rating outlook. The [...]
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Reference exchange rate up 2 VND on August 7

08-Aug-2019 Intellasia | VNA | 6:02 AM

The daily reference exchange rate was set at 23,117 VND per USD on August 7, up 2 VND from August 6. With the current trading band of +/- 3 percent, the ceiling rate applied [...]
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Reference exchange rate continues going up on August 6

07-Aug-2019 Intellasia | VNA | 6:02 AM

The daily reference exchange rate was set at 23,115 VND per USD on August 6, up 15 VND from August 5. With the current trading band of +/- 3 percent, the ceiling rate applied [...]
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Insurance stocks fail to attract individual investors

07-Aug-2019 Intellasia | VNS | 6:02 AM

Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector. Ten insurance companies are trading on the Vietnamese stock market [...]
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Banks’ listing: no way back

07-Aug-2019 Intellasia | Tin nhanh chung khoan | 6:02 AM

Under the new policy, banks must list shares on the stock market by the end of 2020. Thus, they have less than one year and a half to carry out this task. On July 30th 2019, [...]
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Bancassurance of non-life insurance businesses turns difficult

07-Aug-2019 Intellasia | Tin nhanh chung khoan | 6:02 AM

In the past three years, the insurance market recorded a boom of bancassurance channel. However, it is followed by difficulties that need to be dealt with, especially for [...]
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Banks absorb deposits not only by interest rates

07-Aug-2019 Intellasia | InfoMoney | 6:02 AM

If what depositors cared about previously was interest rates, these days, commercial banks have many other ways to attract the idle money from the population. Considered the [...]
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Banks jointly issue bonds with a total value of over 42tr dong

07-Aug-2019 Intellasia | Vietnam Finance | 6:02 AM

According to MB Securities Joint Stock Company (MBS), in the first seven months of this year, the banking industry led the way in terms of corporate bonds issued. [...]
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Bad debts on the rise in H1 2019

07-Aug-2019 Intellasia | VNS | 6:02 AM

Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business [...]
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State Treasury set to go digital: officials

07-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

The State Treasury of Vietnam is looking to become a digital treasury by 2030, with the ability to offer value-added services, such as budget compliance reports, announced [...]
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The credit door still wide open

07-Aug-2019 Intellasia | Dien dan Doanh nghiep | 6:02 AM

Although many banks are at risk in the last months of this year if the credit threshold is not extended, many experts say businesses should not be too concerned about this. [...]
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Banks’ business performance in H1 2019: view from operating costs

07-Aug-2019 Intellasia | Vietnam Finance | 6:02 AM

Among many criteria to assess banks’ performance, there is a notable indicator related to costs: Cost to income ratio (CIR). CIR is calculated by dividing operating [...]
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Vietnam, Thailand agree to expand cooperation in e-payment

07-Aug-2019 Intellasia | Hanoi Times | 6:02 AM

The two countries have huge potential for cooperation in banking supervision, payment facilitation, cross-border transaction, and minimising risks in banking operation in [...]
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Domestic gold, greenback jump

07-Aug-2019 Intellasia | The Saigon Times | 6:02 AM

Saigon Jewellery Company (SJC) unexpectedly raised the domestic gold price to VND40.6 million per tael today, August 5, after keeping it below the VND40 million mark for [...]
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3 big banks record bad debts of over 40 trillion dong

06-Aug-2019 Intellasia | Tri Thuc Tre | 6:02 AM

At three big banks including Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV), Commercial Joint Stock Bank for Foreign Trade of Vietnam [...]
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