Archive for October 4th, 2018

State-owned banks expect to attract foreign capital

04-Oct-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

The pressure to raise capital to meet Basel II standards is increasingly urgent for banks, especially for State-owned banks which have capital adequacy ratios (CAR) already [...]
» More

Vietnam’s credit card market heats up with big players

04-Oct-2018 Intellasia | Hanoi Times | 6:00 AM

Competition in the country’s credit card market has become stiffer as more big players join large domestic banks and finance companies in the race to gain shares in the [...]
» More

Vietnam credit-driven economy leads to internal risks

04-Oct-2018 Intellasia | Hanoi Times | 6:00 AM

Consumer financing is expected to grow at a double-digit rate for the next three years as households increase their spending. There exist key internal risks that is related [...]
» More

VIB issues 2,800 non-convertible bonds

04-Oct-2018 Intellasia | VN Economic Times | 6:00 AM

Three-year bonds in denominations of VND1 billion issued on September 27. The Vietnam International Commercial Joint Stock Bank (VIB) has announced the result of Phase 1 of [...]
» More

Monetary policy tightening How does it affect growth?

04-Oct-2018 Intellasia | Tien Phong | 6:00 AM

The State Bank of Vietnam (SBV) issued an official letter requesting banks to strictly control lending to high risk sectors such as real estate, consumption and securities. [...]
» More

Reference exchange rate up another 2 VND on October 3

04-Oct-2018 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam adjusted the daily reference exchange rate on October 3 up by another 2 VND to 22,718 VND/USD. With the current trading band of +/- 3 percent, the [...]
» More

VDSC: provision for risks puts pressure on VietinBank’s profits in next 5 quarters

04-Oct-2018 Intellasia | NDH | 6:00 AM

In its recent report, Viet Dragon Securities Company (VDSC) stated that the bad debt settlement of Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) [...]
» More

Central bank takes no responsibility for ‘black’ lending: SBV official

04-Oct-2018 Intellasia | VNS | 6:00 AM

Some online lenders that offer very high interest rates are in fact a form of ‘black’ credit and the State Bank of Vietnam (SBV) is not responsible for management [...]
» More

SBV working on framework for P2P lending

04-Oct-2018 Intellasia | VNS | 6:00 AM

The State Bank of Vietnam is carefully studying international models of peer-to-peer lending (P2P) to develop a legal framework to effectively manage the country’s [...]
» More

Bancassurance brings risks for insurers

04-Oct-2018 Intellasia | VNS | 6:00 AM

The model of distributing insurance products via banks (bancassurance) has contributed significantly to increasing insurers’ revenue, but experts warned that the [...]
» More

Deputy PM: Vietnam supports cashless payments

04-Oct-2018 Intellasia | VNA | 6:00 AM

The Vietnamese government will continue to support and solidify legal regulations on cashless payment systems, deputy prime minister Vuong Dinh Hue told Anthony Tan, CEO and [...]
» More

Payment fintechs hunted by big tycoons

04-Oct-2018 Intellasia | Vietnamnet | 6:00 AM

Many M&A deals have been reported recently which target fintechs operating in the field of payment services. Big investors are behind the deals. Two members of Grab [...]
» More

Insurance business grows by 18pct in Q3

04-Oct-2018 Intellasia | Tri Thuc Tre | 6:00 AM

For the first nine months of the year, total insurance premiums revenue rose by 22 percent over the same period last year, of which premiums from non-life insurance rose by [...]
» More

Vietnam’s large banks to end cross-ownership soon

04-Oct-2018 Intellasia | Hanoi Times | 6:00 AM

Favourable stock market and positive economic growth have helped large banks to step up divestment from other peers to meet the central bank’s regulation on holding [...]
» More

Deputy PM: Vietnam sees stable, rapid economic growth

04-Oct-2018 Intellasia | VNA | 6:00 AM

Vietnam’s socio-economic situation has improved, with good results in all fields, deputy prime minister Vuong Dinh Hue said. In an article on the country’s [...]
» More