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Category: FinanceSubscribe via RSS Feed

VietinBank plans not to pay dividends in 2019, applies Basel II immediately after raising capital

23-May-2020 Intellasia | Dau tu Online | 6:02 AM

After a deep decline in 2018, the profit of Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) strongly increased in the past year and for the first [...]
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Credit growth reaches 1.32pct by mid-May

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

In the morning of May 20, at the opening session of the 9th Session, the 14th National Assembly, prime minister Nguyen Xuan Phuc reported on behalf of the government to the [...]
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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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Vietnamese banks warned about capital shortage risk

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

Overdue debts, which are increasing rapidly during Covid-19, will adversely affect business results and capital growth capability of many commercial banks in Vietnam. The [...]
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Reference exchange rate revised down 2 VND on May 21

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

The State Bank of Vietnam set the daily reference exchange rate at 23,247 VND per USD on May 21, down 2 VND from the previous day. With the current trading band of +/-3 [...]
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Banks skeptical of BOT transport project relief

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

Despite the Ministry of Transport’s proposal to increase the debt repayment period and cut lending rates for build-operate-transfer transport project operators, lenders [...]
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Fintech actively supports digital banking

22-May-2020 Intellasia | Dien dan Doanh nghiep | 6:02 AM

The intense explosion of financial technology companies (Fintech) was tremendous pressure and also a driving force for digital transformation banks. From challenges… In [...]
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P/B, P/E ratios at five-year low, banks should be good options

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

With average price-to-earnings (P/E) and price-to-book (P/B) ratios at a five-year low, bank stocks are among the good options available for investors right now, analysts [...]
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Debt structure entangles not only businesses but also banks

22-May-2020 Intellasia | Dau tu | 6:02 AM

Banks were more burdened with profit worries because they could not record accrued interest from restructuring debts for businesses. The proof of damage caused by Covid-19 [...]
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Over 180 million USD raised through G-bond auction

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

The State Treasury of Vietnam raised 4.2 trillion VND (180.69 million USD) from G-bonds at an auction held by the Hanoi Stock Exchange (HNX) on May 20. A total of 5.5 [...]
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Consumer finance arms reach out to attain positive growth

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

Although a sweeping set of stringent rules and the coronavirus pandemic have dented a flourish in the lending segment, Vietnam’s consumer finance market still appears [...]
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Generali Vietnam opens new branch office in Da Nang City

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

Generali Vietnam Life Insurance LLC (“Generali Vietnam”) opened its new Branch Office and Customer Service Centre GenTower Da Nang in Da Nang City on May 19. [...]
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VPBank’s profit target in 2020 declines by onepct

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

According to the documents at the 2020 Annual general Meeting (AGM) of Vietnam Prosperity Commercial Joint Stock Bank (VPBank, HoSE: VPB) aims to increase total assets by [...]
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Vietcombank ranks high in Forbes’ Global 2000 annual ranking

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

Forbes listed Vietcombank among the world’s 1,000 largest companies in “The World’s Largest Public Companies 2020″ report released last week in its [...]
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Banks scramble to sell life insurance

22-May-2020 Intellasia | Nguoi lao dong | 6:02 AM

In addition to paying a certain amount of money for customer and network exploitation, insurance companies also train bank staff on the products and all related knowledge. [...]
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