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Category: FinanceSubscribe via RSS Feed

Manulife Vietnam & SCB partnership bears fruit

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

Two celebrate third anniversary of exclusive partnership in bancassurance. Manulife Vietnam and the Saigon Joint Stock Commercial Bank (SCB) have celebrated the third [...]
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VAMC plans to resolve $5.95b of bad debts by 2020

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

The Vietnam Asset Management Company (VAMC) plans to resolve at least VND140 trillion (US$5.95 billion) of non-performing loans (NPLs) from now until 2020, of which VND34.5 [...]
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LienVietPostBank to support Bac Ninh in building e-government

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

Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) and the have signed a cooperation agreement in building e-government and smart cities in the province. Under the [...]
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Global financial giants eye on fintech in Vietnam

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

From China, Korea to the United Kingdom, financial groups are trying to increase investments in fintech. Financial technology, also known as fintech, is considered having [...]
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How Vietnam will adapt to the fintech revolution

12-Sep-2018 Intellasia | VIR | 6:00 AM

The rapid increase in the number of startups operating in the financial services industry, along with a corresponding increase in investment in this sector, has attracted [...]
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Korean financial firms make beeline for Vietnam

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

Recent expansion plans and stake acquisitions reflect keen Korean interest in Vietnam’s banking and finance sectors. South Korean giant KB Financial Group is completing [...]
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To normalise high interest rates

11-Sep-2018 Intellasia | VnEconomy | 6:00 AM

From mid-August to early September, the market was excited with the decision to increase the dong deposit rates of some banks, despite that recently the dong interbank rates [...]
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Insurers in Vietnam see assets grow by 35pct in 8 months

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

The total premiums collected by insurance companies in the first eight months of 2018 stood at VND80.83 trillion (US$3.45 billion), up 38.81 percent year-on-year. In the [...]
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Why banks’ liquidity suddenly tight?

11-Sep-2018 Intellasia | Tien Phong | 6:00 AM

From early August until now, interest rates in the interbank market remained high at 4.5 percent4.6 percent per annum (p.a.) for overnight, one-week, two-week and one-month [...]
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Few bank stock options for foreigners

11-Sep-2018 Intellasia | VIR | 6:00 AM

Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and [...]
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VIB finances nearly $300m for SMEs’ transactions

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

Vietnam International Commercial Joint Stock Bank (VIB) has been recognised as the country’s leading SME Trade Bank by the Asian Development Bank (ADB), thanks to [...]
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Vietcombank sells entire OCB stake

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

Vietcombank sold all 1.47 million shares of Orient Commercial Bank (OCB) at an auction on Thursday. According to the Hanoi Stock Exchange, two individual investors bought the [...]
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Reference exchange rate up on week’s beginning

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

The State Bank of Vietnam set the reference exchange rate at 22,694 VND/USD on September 10, up 6 VND from the last day of previous week (September 7). With the current [...]
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Worries about the bad debt trading market

11-Sep-2018 Intellasia | InfoMoney | 6:00 AM

The modest amount of bad debts offered for sale by Vietnam Asset Management Company (VAMC) in recent time has not been able to help commercial banks be less worried because [...]
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Remittance enhances real estate sector’s liquidity

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

Remittance is an important factor in enhancing the liquidity of Vietnam’s real estate sector, as the amount of the money flowing to Vietnam in the recent years has [...]
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