Techcombank before tax earnings up 45%

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VietNam News English 1 week(s) ago

The Viet Nam Technological and Commercial Joint-stock Bank (Techcombank) posted pre-tax earnings of VND948 billion (US$45 million) in the first half, up 45.4 per cent compared to the same period last year and 80 per cent of its goal.

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Banks forecast improved financial performance

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VietnamPlus English 1 week(s) ago 1 related news

Nearly 94 percent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector.

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Survey points to banking growth despite bad debt

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VietNam News English 1 week(s) ago 1 duplicate news 1 related news

Nearly 94 per cent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector.

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Bank credit up 3.68 percent in seven months

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VietnamPlus English 1 week(s) ago

Vietnam’s banking system had by the end of July registered a credit growth of 3.68 percent compared to the end of 2013 while the total means of payment rose 7.36 percent, according to the State Bank of Vietnam.

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SBV limits non-VND term deposits to local citizens

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Báo Đầu Tư English 1 week(s) ago

SBV limits non-VND term deposits to local citizens

In an effort to tighten management on foreign currency, on August 1 the State Bank of Vietnam issued Circular 16/2014/TT-NHNN regarding the use of current accounts in foreign currency by residents and non-residents at permitted banks and the use of VND current accounts by non-residents and foreign individual residents.

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Economic recovery forecast to boost stock market

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VietnamPlus English 1 week(s) ago 1 related news

Vietnam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities.

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Economic recovery forecast to boost stock market

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VietNam News English 2 week(s) ago 1 related news

Viet Nam's stock market will consolidate in a gradual uptrend during the rest of the year, fuelled by expectations over stable macroeconomic recovery, according to Vietcombank Securities.

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NFSC report hints at further rate cuts for H2

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VietNam News English 2 week(s) ago

Credit institutions could further cut interests on deposits and borrowing costs on falling provisional inflation rates in the latter part of this year, a financial report has suggested.

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Banks shift from businesses to individual customers in Vietnam

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Báo Thanh Niên English 3 week(s) ago

Banks shift from businesses to individual customers in Vietnam

Vietnamese banks seeking to shift from business borrowers to individual customers amid ample deposits and low credit growth say they're battling poor customer loyalty and competition from foreign credit institutions.

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Larger lenders on track to hit annual targets

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VietNam News English 1 month(s) ago

Larger lenders on track to hit annual targets

Several banks have posted satisfactory profits, achieving around half of the annual targets, during the first half of this year, the Sai Gon Dau Tu (Sai Gon Investment) online reported.

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Banks eye ways to convert deposit boom into lending

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VietNam News English 1 month(s) ago

Banks eye ways to convert deposit boom into lending

Commercial banks are seeking ways to boost lending as bank deposits have increased in the past few months.

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Major banks post strong H1 results

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Báo Đầu Tư English 1 month(s) ago 1 related news

Major banks post strong H1 results

Three major Vietnamese joint stock banks have posted or are expected to post strong business results for the first half of 2014.

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Over half securities companies suffer from losses

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VietnamPlus English 1 month(s) ago

Fifty-five out of 90 existing securities companies suffered aggregated losses at the end of this year's first quarter, according to the year's first half's report of the State Securities Commission.

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Over half the securities companies suffer from losses

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VietNam News English 1 month(s) ago

Fifty-five out of 90 existing securities companies suffered aggregated losses at the end of this year's first quarter, according to the year's first half's report of the State Securities Commission.

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Time bomb laid in foreign currency credit market

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VietnamNet English 1 month(s) ago

Time bomb laid in foreign currency credit market

VietNamNet Bridge – The dollar lending interest rate is lower by at least 3-5 percent annually than the dong interest rate, which is the reason for the sharp increase in the ratio of the dollar outstanding loans on dollar deposits from 84.3 percent in early 2014 to 99.5 percent in early May 2014.

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