Archive for May 8th, 2019

Insurtech opens more opportunities for Insurance industry

08-May-2019 Intellasia | Dien dan Doanh nghiep | 6:00 AM

According to experts in the insurance industry, the application of digital technology in the insurance industry, so called Insurtech, will completely change the experience [...]
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Banks race to offload expensive property as bad debt buyback looms

08-May-2019 Intellasia | VN Express | 6:00 AM

Many banks are looking to sell mortgaged assets as they prepare to buy back bad debt from the state. The asset management company of VPBank (VPBank AMC) has this week updated [...]
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Real estate firms seek for sources of capital

08-May-2019 Intellasia | SGGP News | 6:00 AM

As credit for real estate market has continued to be tightened, real estate companies have had to use other mobilisation channels, including issuing bonds and looking for [...]
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ACB becomes seventh bank to meet Basel II standards

08-May-2019 Intellasia | VNS | 6:00 AM

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Vietnam (SBV) to apply Basel II standards, raising the number of Vietnamese [...]
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Total assets of the system decline by nearly 140 trillion dong in a month

08-May-2019 Intellasia | Tri Thuc Tre | 6:00 AM

According to the latest statistics of the State Bank of Vietnam (SBV), by the end of February 2019, the total assets of the entire system of credit institutions (CIs) reached [...]
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Vietnamese banks target more overseas markets

08-May-2019 Intellasia | VNS | 6:00 AM

Vietnamese banks are stepping up plans to expand their markets globally instead of focusing only on the Indochina region. At a recent AGM, chair of the Commercial Joint Stock [...]
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Vietcombank offers preferential loans with low interest rates

08-May-2019 Intellasia | VNS | 6:00 AM

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has announced two super-preferential loan programmes. Specifically, from April 1, 2019 to March 31, [...]
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Reference exchange rate up by 10 VND on May 7

08-May-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate at 23,040 VND/USD on the morning of May 7, up by 10 VND from the day earlier. With the current trading band of [...]
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Banks worry as credit grows weak

08-May-2019 Intellasia | Tri Thuc Tre | 6:00 AM

At the regular government press conference in April 2019, minister and Chair of the government Office Mai Tien Dung said that the credit growth as of April 17th 2019 was 3.23 [...]
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Foreign investment in Vietnam’s banks depends on ownership limit

08-May-2019 Intellasia | Hanoi Times | 6:00 AM

As the domestic capital market is underdeveloped, Vietnamese banks are in dire need of foreign capital to meet Basel II standards by 2020 as required by the central bank. [...]
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Credit Support for Exporters: Many Incentive Programmes

08-May-2019 Intellasia | VCCI News | 6:00 AM

Orient Commercial Joint Stock Bank (OCB) officially launched a VND3 trillion soft loan package exclusively for small and medium-sized enterprises (SMEs) engaged in exporting [...]
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Vietnam takes lead in global mobile payment growth

08-May-2019 Intellasia | VNA | 6:00 AM

The growth of the number of people making mobile payments in stores in Vietnam is at the fastest, according to the Global Consumer Insights Survey 2019 by PwC. The [...]
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Bao Viet revenue up 19pct in Q1

08-May-2019 Intellasia | VNS | 6:00 AM

Bao Viet Group posted nearly VND8.1 trillion (US$348 million) in insurance revenue in the first quarter of 2019, a year-on-year increase of 19 per cent. Life insurance rose [...]
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Vietnamese banks compete for top position in total assets

08-May-2019 Intellasia | BizLIVE | 6:00 AM

Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV) is competing with Commercial Joint Stock Bank for Agriculture and Rural Development of Vietnam [...]
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‘The necessary paradox’ for the difficulties in raising capital at four big banks

08-May-2019 Intellasia | BizLIVE | 6:00 AM

From the beginning of the year until now, raising capital for four large state-owned commercial banks have been requested for up to three times, at Joint Stock Commercial [...]
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