VN Index rises on financial, property stocks

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Báo Đầu Tư English 8 hour(s) ago 1 related news

The benchmark VN Index rose by 0.4 per cent on Monday morning to close at 724.7 points, as financial and property stocks gained value.

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US$4,34 billion credit package to be spent on high-tech agriculture

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SaiGon GP English 3 day(s) ago

Deputy Prime Minister Vuong Dinh Hue and related agencies yesterday discussed on the implementation of credit package of VND100 trillion (US$4.34 billion) from commercial banks’ called-up capital for high-tech agriculture development loan.

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Banks struggle to raise capital

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Báo Đầu Tư English 4 day(s) ago

Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion before and after their 2017 general shareholders’ meeting (GSM).

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 4 day(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Asia-Pacific Financial Inclusion Summit kicks off in Hanoi

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Báo Đầu Tư English 6 day(s) ago 1 related news

The Asia-Pacific Financial Inclusion Summit 2017 opened in Hanoi on March 21, bringing together over 450 key stakeholders, thought leaders and practitioners to further the financial inclusion agenda in the region.

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Summit mulls financial inclusion for all

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SaiGon GP English 5 day(s) ago 1 related news

More organizations are offering new financial products and services that are changing the form and nature of the market and are shaping the future of financial inclusion.

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Chinese design institute among proposed consultants for Red River urban development

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Báo Tuổi Trẻ English 6 day(s) ago

Several foreign agencies, including one Chinese design institute, have been put forward as proposed consultants on an urban development project along both banks of the Hong (Red) River, one of northern Vietnam’s most important waterways.

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VIB wins int’l awards for MyVIB mobile banking app

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Báo điện tử CP English 6 day(s) ago

VGP – Viet Nam International Bank has won “Best e-bank 2016” and “Best retail mobile banking experience 2016” awards by The Asset for its MyVIB mobile banking app.

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Vietnamese banks’ growth unsustainable

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Báo Đầu Tư English 1 week(s) ago

Profits in 2016 showed that banks had good performance, but the growth in expenditures is higher than that of profit, which raised questions about the effectiveness of banks’ operations.

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ANZ plans to sell VN banking retail business

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SaiGon GP English 1 week(s) ago

The Australia and New Zealand Banking Group (ANZ) plans to sell its Vietnam retail business, a source close to the matter has told the Saigon Times Online.

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VIB wins international awards for MyVIB mobile banking app

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Báo Đầu Tư English 1 week(s) ago

On March 15, Vietnam International Bank (VIB) received the “Best e-bank 2016” and “Best retail mobile banking experience 2016” awards by The Asset for its MyVIB mobile banking app.

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Alma Resort customers tricked by company’s cooperation with Sacombank, Maritime Bank

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Báo Đầu Tư English 1 week(s) ago

Thanks to the trust customers place in Sacombank and Maritime Bank, the cooperation between Paradise Bay Resort Co., Ltd., developer of Alma Resort in Khanh Hoa Province, with said banks is likely making it easier for the company to trick customers into signing vacation right ownership contracts.

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Cautious banks to focus on lending quality

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Báo Đầu Tư English 1 week(s) ago

Credit growth in the first two months of 2017 rose 1.23 per cent year-on-year, but credit institutions remain cautious over business targets while focusing on lending quality.

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Banks hopeful for mortgage market growth

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Báo Đầu Tư English 1 week(s) ago

With housing demand remaining strong, banks are optimistic 2017 will be a big year for mortgages.

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Banks report satisfactory profits, increased bad debts

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Báo Đầu Tư English 2 week(s) ago

Banks’ finance reports in 2016 show good news and bad news. Most of them had profits higher than the year before, but the number of non-performing loans increased.

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