More bank M&A deals expected in second half of 2014

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VietnamNet English 4 day(s) ago

VietNamNet Bridge – Although only one merger & acquisition (M&A) deal was announced in the first few months of the year, more are expected in the second half of the year.

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Banks eye ways to convert deposit boom into lending

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VietNam News English 2 week(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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Business cross-ownership creates messy playing field

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VietnamNet English 2 week(s) ago

VietNamNet Bridge – Cross ownership turns out to be not only a problem of the banking system as complex connections have been found in many other business fields.

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Business cross-ownership creates messing playing field

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VietnamNet English 2 week(s) ago

VietNamNet Bridge – Cross ownership turns out to be not only a problem of the banking system as complex connections have been found in many other business fields.

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Year's target rests on H2 credit growth

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VietNam News English 3 week(s) ago 1 duplicate news

Year's target rests on H2 credit growth

Credit growth in the first half of the year was only 2.3 per cent, however, banks still expect the credit will gradually improve in the second half of the year to achieve the annual target of 12-14 per cent.

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Global Finance names Sacombank Vietnam’s No1

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Báo Đầu Tư English 1 month(s) ago

The US’ Global Finance magazine has selected Ho Chi Minh City-based Sacombank as its best bank in Vietnam for 2014.

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Sacombank named “Best Emerging Market Bank”

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VOV News English 1 month(s) ago

Sacombank named “Best Emerging Market Bank”

(VOV) - Global Finance Magazine has presented its prestigious the Best Emerging Market Bank 2014 Award to Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).

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Strong inflow of overseas remittances evidence global recovery

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VOV News English 1 month(s) ago

(VOV) -Overseas Vietnamese (OV) remittances back to the homeland are expected to remain strong throughout 2014,thanks to the solid economic recovery underway in many countries like the US, Canada and Australia.

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Foreign banks expand retail market share

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VietnamNet English 1 month(s) ago

Foreign banks expand retail market share

VietNamNet Bridge – While Vietnamese banks are taking their first steps towards the retail banking market, foreign banks continue their expansion at a rapid rate.

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Shops, customers still reluctant to use credit cards

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VietnamNet English 1 month(s) ago

Shops, customers still reluctant to use credit cards

VietNamNet Bridge – Despite a ban by the State Bank, sellers are still charging customers a surcharge of 2 percent on goods purchased with credit cards.

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“Mogul Kien” bank case: a lesson in conflict of interest

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VietnamNet English 2 month(s) ago

“Mogul Kien” bank case: a lesson in conflict of interest

VietNamNet Bridge – Tran Xuan Gia was recognized by state management agencies as president of Asia Commercial Bank (ACB), but this was on paper only. The real influential figure was Nguyen Duc Kien, dubbed “Mogul Kien”, who has been prosecuted for his economic crimes.

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Local banks struggling to find foreign partners

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VietnamNet English 2 month(s) ago

Local banks struggling to find foreign partners

VietNamNet Bridge – It appears that many foreign players are mulling alternatives to joining with local partners to bolster efficiency when it comes to mergers and acquisitions in the banking sector.

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Vietnamese banks eye East Asian partners

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VietnamNet English 2 month(s) ago

Vietnamese banks eye East Asian partners

VietNamNet Bridge – Of the foreign financial groups expressing their wish to become shareholders of Vietnamese banks, the Japanese have proven to be the best candidates.

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Banks still attractive despite low deposit rates

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Báo Đầu Tư English 2 month(s) ago

Banks still attractive despite low deposit rates

The latest figures from the State Bank of Vietnam’s Monetary Policy Department show that as of April 22, total bank deposits had risen 3.09 per cent against the beginning of this year, with dong deposits rising 4.26 per cent but with US dollars down 3.98 per cent.

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Local banks struggle to find foreign partners

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SaiGon GP English 2 month(s) ago 1 related news

When it comes to mergers and acquisitions in the banking sector, scores of local banks have not only found it difficult to hold onto, but also find new foreign strategic partners as well, the Vietnam Investment Review reported on May 19. According to the newspaper, Sacombank, two years since bidding farewell to its international partners, has yet to find a new replacement.

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