Archive for January 15th, 2019

Central bank issues roadmap for ATM card upgrades

15-Jan-2019 Intellasia | VNA | 6:00 AM

Under a new regulation, commercial banks will have to switch 30 percent of their current magnetic strip ATM cards more than 25 million in total to chip cards by the end of [...]
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Banknotes with pig images expected to be bestsellers

15-Jan-2019 Intellasia | VN Express | 6:00 AM

Souvenir shops in HCM City are selling currency bills and coins with images of swine a month before the Year of the Pig begins. Le Van Tiep, owner of an online souvenir shop [...]
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New pressure on small banks

15-Jan-2019 Intellasia | Dien dan Doanh nghiep | 6:00 AM

The fact that “big” state-owned commercial banks announced to reduce interest rates is creating more pressure for small banks. At the conference of implementing [...]
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Reference exchange rate up 2 VND at week’s beginning

15-Jan-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate on January 14 at 22,837 VND/USD, up 2 VND from the last working day of the previous week (January 11). With [...]
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FE Credit reshapes Vietnam’s consumer finance industry with its disruptive ‘$nap’ digital lending platform

15-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

Robust future for digital personal finance The consumer lending industry in Vietnam has been seeing remarkable growth. According to the National Financial Supervision [...]
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FE CREDIT wins Consumer Finance Product Of The Year award

15-Jan-2019 Intellasia | The Saigon Times | 6:00 AM

FE CREDIT has won “Consumer Finance Product of the Year” in Vietnam at the Asian Banker Vietnam Country Awards for its innovative Consumer Durables Loan (CDL) [...]
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BIDV named Best Retail Bank in Vietnam

15-Jan-2019 Intellasia | VNS | 6:00 AM

The Bank for Investment and Development of Vietnam (BIDV), one of the largest in the country, was named the Best Retail Bank in Vietnam at The Asian Banker Vietnam Country [...]
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State ownership in Vietcombank decreases to 74.8pct

15-Jan-2019 Intellasia | Tri Thuc Tre | 6:00 AM

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has just issued over 111 million shares for foreign investors and collected the proceeds of 6.2 [...]
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The largest amount of overseas remittances flow to production and business

15-Jan-2019 Intellasia | InfoMoney | 6:00 AM

Nguyen Hoang Minh, deputy director of the State Bank, HCM City Branch, said that the Lunar New Year is the time when the volume of money that overseas Vietnamese send to [...]
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Remarkable points in banks’ profit picture in 2018

15-Jan-2019 Intellasia | Dau tu Chung khoan | 6:00 AM

According to estimates of the National Financial Supervisory Commission (NFSC), the total after-tax profit of credit institutions in 2018 increased by about 40 percent [...]
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Credit institutions expect better performance in 2019: survey

15-Jan-2019 Intellasia | VNA | 6:00 AM

Most of credit organisations expect their business performance will keep improving in 2019, according to the central bank’s Monetary Forecasting and Statistics [...]
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Maritime Bank receives EDGE certification for gender parity commitment

15-Jan-2019 Intellasia | VNA | 6:00 AM

The Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has been certified by assessment body Economic Dividends for Gender Equality (EDGE) in recognition of its [...]
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Anti-dumping investigation launched against Chinese aluminium products

15-Jan-2019 Intellasia | VNA | 6:00 AM

The Ministry of Industry and Trade has decided to conduct an anti-dumping investigation into aluminium, alloy or non-alloy rods, bars and products of other shapes imported [...]
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Vietnam targets 6.5 million tonnes of rice exports this year

15-Jan-2019 Intellasia | Dti News | 6:00 AM

The Ministry of Agriculture and Rural Development (MARD) has set a goal to export around 6.5 million tonnes of rice worth a total USD3 billion this year. Tran Xuan Dinh, [...]
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13 products could prove lucky for Vietnam

15-Jan-2019 Intellasia | VNS | 6:00 AM

The Ministry of Agriculture and Rural Development (MARD) has announced a list of 13 key agricultural products of Vietnam. The list includes rice, coffee, rubber, cashew nuts, [...]
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