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Category: FinanceSubscribe via RSS Feed

Reference exchange rate up 10 VND at week’s beginning

07-Jan-2020 Intellasia | VNA | 6:02 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,167 VND/USD on January 6, up 10 VND from the last working day of previous week (January 3). With the [...]
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HDBank receives Labour Medal on 30th anniversary

07-Jan-2020 Intellasia | VNS | 6:02 AM

The HCM City Development Joint Stock Commercial Bank, formally known as HDBank, on Saturday received the President’s Labour Medal for its “outstanding [...]
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Korean banking giants seek more M&A deals in 2020

07-Jan-2020 Intellasia | Vietnam Plus | 6:02 AM

Banking giants from South Korean will be actively seeking more mergers and acquisitions (M&A) deals in 2020 in order to increase business portfolios. Speaking in the New [...]
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Remittance soaring to benefit real estate projects?

07-Jan-2020 Intellasia | VIR | 6:02 AM

With the market warming up at the end of last year, the number of real estate deals has also been on the rise thanks to soaring remittances. With remittances hitting $17 [...]
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Japanese bank seeks 9.9 pct stake in Vietnam’s OCB

07-Jan-2020 Intellasia | VN Express | 6:02 AM

Japan’s Aozora Bank Ltd could acquire 9.91 percent of Vietnam’s Orient Commercial Joint Stock Bank in a VND1.22 trillion ($52.8 million) deal. OCB is seeking [...]
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Bank lending rates expected to fall in the new year

07-Jan-2020 Intellasia | VNS | 6:02 AM

A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5 1 percentage point this year, and lending [...]
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Mobile money supports startups in the digital field

07-Jan-2020 Intellasia | Thoi bao Ngan hang | 6:02 AM

That was shared by minister of Information and Communications Nguyen Manh Hung at the Conference on deploying banking missions in 2020, the event that took place on the [...]
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Dollar billionaires and hot competition in the banking sector in 2019

07-Jan-2020 Intellasia | Vietnamnet | 6:02 AM

Two dollar billionaires in the banking sector emerged in 2019, which also witnessed competition that led to big changes in the economy. The banking sector in 2019 saw a [...]
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Exemption and reduction of compulsory reserves: Which banks benefit?

07-Jan-2020 Intellasia | Dien dan Doanh nghiep | 6:02 AM

The State Bank of Vietnam (SBV) has just issued Circular 30/2019/TT-NHNN regulating the implementation of compulsory reserves of credit institutions and foreign bank branches [...]
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Over VND40 trillion may be ‘released’ from compulsory reserve accounts of Vietcombank, BIDV and VietinBank according to Circular 30

07-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

Bao Viet Securities Company (BVSC) has recently made a quick review of the State Bank of Vietnam (SBV)’s issuance of Circular 30/2019/TT-NHNN which regulates the [...]
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Remittance contributes significantly to the foreign currency supply

07-Jan-2020 Intellasia | Nguoi lao dong | 6:02 AM

Remittances had become one of the channels contributing to the increase of foreign currency supply, helping to stabilise the exchange rate in 2019. Contribute to increasing [...]
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SBV sets cashless payments as top priority for 2020

07-Jan-2020 Intellasia | VNS | 6:02 AM

The State Bank of Vietnam (SBV) has issued a resolution to boost cashless payments in the country. In SBV’s Resolution 01/CT-NHNN, issued on January 3, Governor Le Minh [...]
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Banking sector performance in 2019 and tasks for 2020

07-Jan-2020 Intellasia | VIR | 6:02 AM

Despite the complex global situation, the central bank still did a smart job of controlling the money supply and the interest rate while driving inflation to the lowest level [...]
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Strong epayment growth recorded in 2019

04-Jan-2020 Intellasia | The SaigonTimes | 6:02 AM

Cashless payments grew strongly in 2019, with 635,000 transactions worth a total of VND380 trillion recorded each day, according to statistics from the State Bank of Vietnam [...]
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Banks have the potential of development in 2020

04-Jan-2020 Intellasia | Tri Thuc Tre | 6:02 AM

Until then, all listed banks had released their financial statements for Q3/2019. In which, the top 12 listed banks accounted for 57.6 percent of the total credit market [...]
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