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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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SHB offers the highest deposit interest rate

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

Saigon Hanoi Commercial Joint Stock Bank (SHB) is at the top of savings interest rate with the applicable rate of 9.2 percent per year for 13-month term, with deposit amount [...]
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TPBank targets a separate pre-tax profit of over VND 4trillion in 2020

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

The Board of directors of Tien Phong Commercial Joint Stock Bank (TPBank) has submitted to the Annual general Meeting of Shareholders the business plan for 2020. Accordingly, [...]
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Moody’s reaffirms B1 rating for SeABank in 2020

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

Moody’s has announced it would maintain the B1 long-term rating for Southeast Asia Commercial Joint Stock Bank (SeABank) in its latest periodic review. According to the [...]
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Price of domestic gold takes sharp tumble after hitting peak

21-May-2020 Intellasia | VOV | 6:02 AM

Domestic gold prices suffered a sharp fall on May 19 in line with the global declining trend after peaking at VND49.4 million per tael just a day earlier, a historic high. [...]
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Reference exchange rate down 10 VND on May 20

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

The State Bank of Vietnam set the daily reference exchange rate at 23,249 VND per USD on May 20, down 10 VND from the previous day. With the current trading band of +/-3 [...]
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Vietnamese bank MSB postpones IPO due to COVID-19

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

Vietnam Maritime Commercial JSC (MSB) has decided to revoke its application for initial public offering (IPO) due to the adverse impact of the COVID-19 pandemic. The MSB [...]
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Bank leaders and their sons on the race to buy shares

21-May-2020 Intellasia | ICT Vietnam | 6:02 AM

A number of bank leaders and their relatives and major shareholders have signed up to buy stocks recently. Besides, some banks also plan to buy back a large amount of shares [...]
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Two more payment intermediary services licensed in Vietnam

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

The State Bank of Vietnam (SBV) has issued licences to two non-banking organisations to provide intermediary payment services. On April 15, SBV issued a licence to G Payment [...]
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Interbank rates fall across the terms

21-May-2020 Intellasia | BizLIVE | 6:02 AM

The weekly report of the centre for Economic Research of Maritime Commercial Joint Stock Bank (MSB) pointed out that in the week of May 11th 15th, the dong interbank interest [...]
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Mobile money to boom in Vietnam

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

The government of Vietnam is moving ahead with a plan to put mobile money into use to reduce social contact and cash circulation. Soon after Covid-19 broke out in Vietnam, [...]
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Banks stocks on the 5-year lowest price zone

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

The worst case scenario related to the Covid-19 pandemic did not occur, so the low price zone of banks stocks in the past five years is opening up investment opportunities. [...]
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Banks provide financial aid for enterprises to overcome Covid-19 pandemic

20-May-2020 Intellasia | SGGP News | 6:02 AM

To support enterprises and borrowers affected by the Covid-19 pandemic, banks have simultaneously cut their interest rates by 0.5-2.5 percent per annum for loan packages. The [...]
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Total assets of banks in Vietnam stand at $522 billion

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

Total assets of credit institutions and foreign banks in Vietnam by the end of the first quarter of this year inched down 0.72 per cent to VND12.48 quadrillion (US$521.76 [...]
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Reference exchange rate down 6 VND on May 19

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

The State Bank of Vietnam set the daily reference exchange rate at 23,259 VND per USD on May 19, down 6 VND from the previous day. With the current trading band of +/-3 [...]
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