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Category: FinanceSubscribe via RSS Feed

Deposits of residents unexpectedly decline in July

12-Oct-2019 Intellasia | Tri Thuc Tre | 6:02 AM

According to the newly updated data of the State Bank of Vietnam (SBV), by the end of July 2019, the total means of payments reached 9,860 trillion dong, up by 7.04 percent [...]
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Vietinbank continues second-tranche $43m bond issuance this month

11-Oct-2019 Intellasia | VNS | 6:02 AM

By the end of this October, Vietinbank will issue the second tranche of its bond issuance this year worth VND1 trillion (US$43 million). The bond has the par value of VND10 [...]
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Moody’s places Vietnam’s Ba3 rating under review for downgrade

11-Oct-2019 Intellasia | HanoiTimes | 6:02 AM

During the review period, Moody`s will assess the practices and systems the government has or is instituting, to ensure reliable, timely, and smooth payment of all [...]
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Timo a winner at Asiamoney Awards

11-Oct-2019 Intellasia | VN Economic Times | 6:02 AM

Local digital bank picks up “Best Digital Bank in Vietnam 2019″ award. Timo won the “Best Digital Bank in Vietnam 2019″ award at the Asiamoney Awards [...]
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Vietnamese market attracts Korean banks

11-Oct-2019 Intellasia | Nhip cau Dau tu | 6:02 AM

Business Korea newspaper said, in the context of the prolonged US-China trade war, and the Chinese economy slowing down, the profits of Korean banks in the country of 1.4 [...]
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Banks warn of new fraud

11-Oct-2019 Intellasia | The Saigon Times | 6:02 AM

Some local banks, including Bank for Investment and Development of Vietnam (BIDV), Nam A Bank and Agribank, have warned their customers to be wary of hi-tech fraudsters, [...]
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Sacombank domestic cards promotion programme offers cashback, refrigerator gifts

11-Oct-2019 Intellasia | VNS | 6:02 AM

Sacombank has launched a promotion called “Smart payment Receive valuable gifts” for domestic debit card holders. To run until November 30, the programme will [...]
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Small banks under the pressure to call for capital

11-Oct-2019 Intellasia | Nhip cau Dau tu | 6:02 AM

Not only weak banks but also small-scaled banks are waiting for new capital inflows. The problem is still raising capital to upgrade the banks in the future. Shareholders of [...]
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Digital banking platform facilitates users

11-Oct-2019 Intellasia | VnExpress | 6:02 AM

Digital transformation in the banking sector is taking place around the world. According to Backbase’s omnichannel (cross-channel) bank report, 90 percent of bank [...]
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Banks afraid of mobile money

11-Oct-2019 Intellasia | InfoMoney | 6:02 AM

Mobile money was just about to be launched in Vietnam but promised to become the ‘biggest’ electronic wallet in the market and a formidable opponent of banks. [...]
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Lazada e-wallet call: out of the frying pan and into the fire

11-Oct-2019 Intellasia | VIR | 6:02 AM

Falling farther and farther behind other e-commerce platforms, Lazada has decided to branch out into e-wallet services a decision with which the company may very well dig its [...]
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Reference exchange rate goes up on October 10

11-Oct-2019 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,157 VND per USD on October 10, up 1 VND from the previous day (October 9). With the current [...]
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The SBV net withdraws VND 18trillion

10-Oct-2019 Intellasia | VnEconomy | 6:02 AM

The system liquidity recorded huge abundance in the last week. Therefore, through the Open Market Operation (OMO), the State Bank of Vietnam (SBV) continued to raise the [...]
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The highest deposit rate reaches 9pct per annum

10-Oct-2019 Intellasia | Tri Thuc Tre | 6:02 AM

The last months of the year are considered as the peak season of businesses, whereby banks will boost capital promotion to meet the increasing credit demand. Observation on [...]
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Vietnam fintech sector in the fast lane

10-Oct-2019 Intellasia | VN Express | 6:02 AM

The number of financial technology companies in Vietnam has grown from around 40 in 2016 to 154, focusing on payment, peer-to-peer lending and crowdfunding, a survey has [...]
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