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Category: FinanceSubscribe via RSS Feed

Sharing mechanism needed for fintech development

21-May-2019 Intellasia | VNS | 6:00 AM

A “regulatory sandbox” and a sharing mechanism are needed for the development of Vietnam’s fintech industry, experts said at a seminar on Thursday. [...]
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Moderate credit growth positive for Vietnam’s economy

21-May-2019 Intellasia | VNS | 6:00 AM

Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy. [...]
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VIB shareholders likely to receive cash dividends and bonus shares

21-May-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The Board of directors of Vietnam International Joint Stock Commercial Bank (VIB) has just approved a resolution to issue shares to increase its charter capital from 7.835 [...]
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Magnetic ATM cards replaced with chips beginning May 28

21-May-2019 Intellasia | VNS | 6:00 AM

Commercial banks in Vietnam will initially replace some 21 million magnetic ATM cards with chip cards beginning May 28, as the State Bank of Vietnam (SBV) has ordered issuing [...]
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Israeli companies seeking cooperation in Vietnamese fintech

21-May-2019 Intellasia | VIR | 6:00 AM

Six leading Israeli fintech companies came to Vietnam to attend the “Fintech accelerating digital transformation through AI & Automation Technologies” [...]
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Banks need further administrative reforms: conference

21-May-2019 Intellasia | VNS | 6:00 AM

More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on [...]
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Bank stocks still attract cash flows

21-May-2019 Intellasia | Dien dan Doanh nghiep | 6:00 AM

In the last five months, along with the declining trend of the market, the price of bank stocks dropped quite sharply. Many banks’ stock prices even dropped to the [...]
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Finding investors for compulsory acquisitions of banks faces difficulties

21-May-2019 Intellasia | VnEconomy | 6:00 AM

This is one of the difficulties mentioned in the report of the State Bank of Vietnam (SBV), which has just been sent to National Assembly deputies. With the current financial [...]
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High profits lead to stiff competition in credit card market

21-May-2019 Intellasia | VNS | 6:00 AM

Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated [...]
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VAMC plans to recover 50tr dong of bad debts in 2019

21-May-2019 Intellasia | Nguoi Dong Hanh | 6:00 AM

The Vietnam Assets Management Company (VAMC) has just announced its 2019 business plan with the goal of recovering 50 trillion dong of bad debts. At the same time, the [...]
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VAMC to reclaim $2.13 billion in bad debts

21-May-2019 Intellasia | VNS | 6:00 AM

The Vietnam Asset Management Company (VAMC) is expected to reclaim a bad debt figure of VND50 trillion (US$2.13 billion) in 2019, higher than the volume of 2018 which stood [...]
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Banks post VND46 trillion of irrecoverable debts

21-May-2019 Intellasia | Tri Thuc Tre | 6:00 AM

Statistics from banks’ financial statements showed that by the end of the first quarter (Q1) 2019, 22 banks still kept more than 84.2 trillion dong of bad debts, up by [...]
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Banks Fintech: a win-win relationship

18-May-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

Nhip Cau Dau Tu magazine has recently held a Vietnam Banking conference themed “Breakthrough from Digitalisation”. At the conference, the main contents focused on [...]
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Stories behind banks’ dividend payments

18-May-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

In the last two years, state-owned banks often paid dividends in cash at a ratio of seven to eight percent, although they previously proposed to retain profits for raising [...]
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Central bank to grant more autonomy to commercial banks

18-May-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV deputy Governor Dao Minh Tu said on May 16. At [...]
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