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Category: FinanceSubscribe via RSS Feed

Agribank enhances cooperation with Japan’s Yanmar Group

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

Deputy general director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a [...]
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Banks collect around $2.5 billion bad debts in first six months

18-Sep-2018 Intellasia | SGGP News | 6:00 AM

According to the Central Bank of Vietnam, in first six months of the year, commercial banks have collected VND58,800 billion ($2.5 billion). From end of 2017 to now, the [...]
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Restrictions on real estate credit bearing fruit

18-Sep-2018 Intellasia | VN Economic Times | 6:00 AM

Recent moves to restrict credit for real estate are having an effect. One day in July, Nguyen Mai Phuong, a 45-year-old businesswoman living in HCM City’s Binh Thanh [...]
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Vietnamese banks rank low on CPTPP ranking

18-Sep-2018 Intellasia | Saigon Dau Tu | 6:00 AM

Despite recording impressive growth, the Vietnam’s banking and finance market has always been in low position in the Globe Competitiveness Report announced by the World [...]
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VPBank launches YOLO digital banking app

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

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has launched an innovative digital bank for the young generation named “YOLO”. The app provides customers [...]
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Foreign firms eye e-wallets’ future

18-Sep-2018 Intellasia | Stockbiz | 6:00 AM

As of August 2018, nearly 30 non-banking organisations have been licensed by the State Bank of Vietnam (SBV) for providing payment intermediary services, in which most of [...]
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Vietnam e-wallets vie for users

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

Although each e-wallet app has its own development strategy and market segment, most of them do not possess an ecosystem and a large network of points of sale (POS). With [...]
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Vietnam among top 10 remittance beneficiaries

18-Sep-2018 Intellasia | Dti News | 6:00 AM

Vietnam has been listed in the top ten countries receiving the highest overseas remittances worldwide, according to a report jointly conducted by United Nations Development [...]
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Fierce race of credit card issuance

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

The credit card market has a lot of potential for growth, and creates big revenue. Recently, small banks and financial companies are continuously racing to issue cards [...]
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Vietcombank offloads MB shares to meet central bank requirement

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

Vietcombank will divest part of its holding in Military Bank (MB) next month to meet the State Bank of Vietnam (SBV)’s regulation on holding shares at other credit [...]
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Dong and US dollar interest rates gap around safe level of 2pct

15-Sep-2018 Intellasia | NDH | 6:00 AM

Looking back on the money market in August, in a recent released report, SSI Retail Research reported that the interbank rates and exchange rates have been gradually [...]
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Vietnam sets to speed up bad debt resolution in next two years

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

The banking industry will have to work hard to reduce the ratio of non-performing loans (NPLs) including both NPLs owned by credit institutions and the Vietnam Asset [...]
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Forex market faces a lot of pressure in September

15-Sep-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

Closing August 2018, the foreign exchange (forex) market was said to be in the most stable status in the past three months. However, in September, the tension is forecasted [...]
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Vietnam finance minister urges flexibility in forex policy, says debt ratio falling

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

Vietnam’s finance minister said the nation should be more flexible in handling its exchange rate. Finance minister Dinh Tien Dung shared during a Wednesday intervew [...]
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Lack of bank access slows digital payment growth

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

There is plenty of room for further development of the digital finance industry, but experts worry that this the huge number of people without bank accounts and the slow [...]
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