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Category: FinanceSubscribe via RSS Feed

Banks urged to promote digitalisation

26-May-2020 Intellasia | VNS | 6:02 AM

The COVID-19 pandemic has caused a serious effect to the economy, but it has helped accelerate the race for banks to go digital. With many people looking for new options to [...]
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Asian Banker names Techcombank best bank for SMEs in 2020

26-May-2020 Intellasia | VNA | 6:02 AM

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named 2020 Best Solutions Provider for Small and Medium-sized Enterprises (SMEs) by [...]
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Weak growth outlook to spur further monetary easing in Vietnam: Fitch Solutions

26-May-2020 Intellasia | The Saigon Times | 6:02 AM

Given the weak economic outlook in Vietnam, Fitch Solutions expects further easing measures to be applied over the rest of 2020 as the country is still targeting real gross [...]
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eKYC leverage for non-cash payment

26-May-2020 Intellasia | Thoi bao Ngan hang | 6:02 AM

The State Bank of Vietnam (SBV) is completing the draft circular amending and supplementing a number of articles of Circular No. 23/2014/ TT-NHNN guiding the opening and use [...]
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By the end of April 2020, life insurance revenue increases by 17pct

26-May-2020 Intellasia | Dau tu Chung khoan | 6:02 AM

According to preliminary estimates of the Vietnam Insurance Association, by the end of April 2020, the total number of new mining contracts of life insurance enterprises was [...]
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Citi supports clients in Vietnam through coronavirus burdens

26-May-2020 Intellasia | VIR | 6:02 AM

Citi Vietnam has launched a series of measures to offer assistance to retail and institutional customers during and after weeks of social distancing. In consumer banking, [...]
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Reference exchange rate down 5 VND on May 22

23-May-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on May 22, down 5 VND from the previous day. With the current trading band of +/-3 [...]
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Outstanding loans of twelve inefficient projects amount VND21 trillion

23-May-2020 Intellasia | VNS | 6:02 AM

The outstanding loans of twelve inefficient projects under the Ministry of Industry and Trade totalled nearly VND21 trillion (US$905 million) as of the end of 2019, most were [...]
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Consumer credit stands chances to develop in the near future

23-May-2020 Intellasia | Nhip song Kinh te | 6:02 AM

Consumer lending products were often targeted at the low-income segment but were also vulnerable to economic shocks. Therefore, many people had doubts about the ability to [...]
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MSB targets nearly VND 1.439trillion of profit in 2020

23-May-2020 Intellasia | Tri Thuc Tre | 6:02 AM

Maritime Commercial Joint Stock Bank (MSB) will hold its 2020 Annual general Meeting on May 22nd. According to documents sent to shareholders, although the Covid-19 epidemic [...]
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Mortgaged assets are not selling well: local banks

23-May-2020 Intellasia | Vietnamnet | 6:02 AM

Commercial banks are rushing to sell immovable properties which are collateral for unpaid debts. But finding buyers has been difficult. BIDV (the Bank for Investment and [...]
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Banks roll out preferential credit packages

23-May-2020 Intellasia | VNS | 6:02 AM

Many commercial banks have unveiled preferential credit packages for both individual and corporate customers. Sacombank has a VND16 trillion (US$686.2 million) package. [...]
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VIR seminar: Restarting the economy to stimulate demand on consumer finance

23-May-2020 Intellasia | VIR | 6:02 AM

Restarting the economy will improve the demand for consumer finance, however, both consumer finance companies and banks need to build diverse loans to meet customer demand. [...]
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Banking industry suffers less damage than other sectors during the Covid-19 crisis

23-May-2020 Intellasia | Vietnam Finance | 6:02 AM

According to the recently updated banking industry report, MB Securities Company (MBS) stated that in recent years, despite the relatively high leverage, the potential for [...]
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VietBank submits to list on HOSE, issuing nearly 63m shares

23-May-2020 Intellasia | NDH | 6:02 AM

According to the documents of the general meeting of shareholders in 2020, Vietnam Thuong Tin Commercial Joint Stock Bank (Vietbank) proposes three plans for the year. With [...]
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