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Category: FinanceSubscribe via RSS Feed

LienVietPostBank reaches 86pct of profit target of 2019

19-Oct-2019 Intellasia | InfoMoney | 6:02 AM

By the end of the third quarter, the accumulated pre-tax profit of Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) recorded 1.636 trillion dong, equal to 161 [...]
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Saigonbank’s net profit in 9 months doubles

19-Oct-2019 Intellasia | Tri Thuc Tre | 6:02 AM

Saigon Industrial and Commercial Joint Stock Bank (Saigonbank) just released the consolidated financial statements for Q3/2019. Notably, in Q3, the bank recorded a sudden [...]
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Reference exchange rate down 5 VND on October 18

19-Oct-2019 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 18, down 5 VND from the previous day (October 17). With the current [...]
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Banks’ charter capital ranking to see changes in 2020

19-Oct-2019 Intellasia | Dan Tri | 6:02 AM

The increase in charter capital of banks in the recent time is mainly through issuing shares to existing shareholders. With the approval of the State Bank of Vietnam (SBV) [...]
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Banking personnel enters a period of large-scale cuts

19-Oct-2019 Intellasia | Tri Thuc Tre | 6:02 AM

Many argue that the labour force of the banking sector will decline in the coming years. The phenomenon of bank personnel reduction in Vietnam has also become noticeable in [...]
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Saigonbank still struggles to increase capital

19-Oct-2019 Intellasia | Dien dan Doanh nghiep | 6:02 AM

As shareholders are unable to make divestment and also to pour more capital, Saigon Commercial Joint Stock Bank for Industry and Trade (Saigonbank) could not increase its [...]
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Foreign and Vietnamese banks in hot race

19-Oct-2019 Intellasia | Vietnamnet | 6:02 AM

With great advantages being held by foreign banks, Vietnamese banks find it difficult to compete. Woori Bank has received permission from the State Bank of Vietnam (SBV) to [...]
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Urban customers: potential segment for life insurance

18-Oct-2019 Intellasia | Nhip song Kinh te | 6:02 AM

The urban segment with a young population and improved living standards were fertile ground for those who were passionate about insurance business. Potential of urban areas [...]
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Coming cycle crisis needs more rate cuts

18-Oct-2019 Intellasia | Bao Dautu | 6:02 AM

Dr Le Xuan Nghia, an economic expert, said that the reduction of the operating rate of the State Bank of Vietnam (SBV) had a positive impact on economic growth, the stock [...]
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Standard Chartered named ‘Best International Bank in Vietnam’

18-Oct-2019 Intellasia | VN Economic Times | 6:02 AM

Standard Chartered Bank Vietnam has been named “Best International Bank in Vietnam” by Asiamoney for the second year in a row. Leveraging the strength of Standard [...]
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Interbank rates and deposit rates see adverse movements

18-Oct-2019 Intellasia | VnExpress | 6:02 AM

Interbank rates have been decreasing continuously in the recent time while residential deposits have still recorded new high interest rates. On October 14th, the average [...]
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Forex reserves to continue increasing

18-Oct-2019 Intellasia | Dien dan Doanh nghiep | 6:02 AM

According to Saigon Securities Incorporation (SSI), the foreign exchange reserves of Vietnam are likely to further increase thanks to the good foreign currency status of [...]
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State Treasury raises 4 trillion VND through G-bonds

18-Oct-2019 Intellasia | VNA | 6:02 AM

The State Treasury mobilised 4 trillion VND (172.66 million USD) through government bond auctions on the Hanoi Stock Exchange (HNX) on October 16. Accordingly, the State [...]
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Reference exchange rate up 2 VND

18-Oct-2019 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,159 VND per USD on October 17, up 2 VND from the previous day. With the current trading band of [...]
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VIB earns $252 million in nine-month revenue

18-Oct-2019 Intellasia | VNS | 6:02 AM

Vietnam International Bank (VIB) posted a revenue of more than VND5.87 trillion (US$252 million) and a pre-tax profit of VND2.33 trillion ($100 million) in the first nine [...]
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