Archive for January 16th, 2019

Consumer credit to increase strongly during Lunar New Year occasion

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

Consumer demand in the traditional Lunar New Year (Tet) holidays is increasing strongly. At this time, both financial companies and banks are focusing on strongly to take [...]
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Vietnam’s 2018 credit growth at five-year low is a credit positive: Moody’s

16-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

The analysts expect credit growth in 2019 to remain at around 14 percent as the SBV maintains its control over credit growth in the system. A moderation in lending growth in [...]
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Major changes on the ranking of bank profits in 2018

16-Jan-2019 Intellasia | VnEconomy | 6:00 AM

Year 2018 marks the first year in the Vietnam’s banking history that the group of state-owned commercial banks no longer dominates the sector. Some members of group of [...]
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Vietcombank seeks government OK to ease foreign ownership cap in 2019

16-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

Hanoi-based Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the largest lender by market value, plans to seek the government permission to ease cap on [...]
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Sacombank makes QR code strides

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

Sacombank and Japan’s JCB International Co, Ltd on Monday signed an agreement to deploy the latter’s QR code payment system and launch the Sacombank JCB platinum [...]
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State-owned banks face ‘against the wall’ situation in equitisation

16-Jan-2019 Intellasia | VnEconomy | 6:00 AM

End of last week, the National Monetary and Financial Policy Advisory Council had a meeting on the first quarter of 2019 to determine the process of equitisation and [...]
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Banks’ profit boom: rejoicing and anxiety

16-Jan-2019 Intellasia | VOV | 6:00 AM

Up to this point, some banks have announced their profit in 2018. A common point is that the credit growth of the sector as well as of each bank was low, but their profit was [...]
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SBV wants the total means of payment to increase by 14pct in 2019

16-Jan-2019 Intellasia | Bnews | 6:00 AM

The Governor of the State Bank of Vietnam (SBV) has just issued Directive No. 01/CT-NHNN on organising key tasks and solutions of the banking sector in 2019. Accordingly, the [...]
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Many banks want to increase number of employees in 2019

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

The Department of Statistical Forecasting of the State Bank of Vietnam (SBV) has just released the latest survey results, although credit growth rate was less than the [...]
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Crop cultivation sector targets 21 billion USD in export this year

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

The crop cultivation sector has set the goal of earning nearly 21 billion USD from farm produce export this year. It was revealed at a conference recently held in Hanoi to [...]
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Financial advisory council told to focus on science-technology

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

Deputy prime minister Vuong Dinh Hue asked members of the National Financial and Monetary Policy Advisory Council to view science-technology as a ‘driver of [...]
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Foreign investors commit $8.3 billion into Vietnam’s IPs, EZs in 2018

16-Jan-2019 Intellasia | Hanoi Times | 6:00 AM

As much as $5.3 billion in terms of newly-registered capital poured in 560 foreign projects and additional capital of over $3 billion in 500 other projects, local media [...]
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PM advises Dak Nong to focus on agriculture, tourism, mining

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

Prime minister Nguyen Xuan Phuc has advised the Central Highlands province of Dak Nong to capitalise on its strengths in agriculture, tourism, and mining for its future [...]
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Vietnam’s economy: qualitative changes needed

16-Jan-2019 Intellasia | Vietnamnet | 6:00 AM

For a small-scale economy, high growth rates will not be enough to create big value, according to economist Tran Dinh Thien. The news that Vietnam in 2018 obtained a high GDP [...]
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Investment in fruit, vegetable processing surges

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

Fruit and vegetable exports which have been growing at around 15 percent annually for the past five years are a highly attractive business activity for enterprises, which are [...]
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