SBV looks to up foreign reserves

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Báo Đầu Tư English 12 hour(s) ago

The State Bank of Viet Nam’s transaction centre this week raised the reference buying rate for the US dollar by VND50 to VND22,725, revealing its intention to expand foreign reserves.

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Bank shares drive market down

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Báo Đầu Tư English 1 day(s) ago

Shares declined for the first time in the last three days as banks lost momentum on Wednesday on rising profit-taking pressure after a long rally.

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Gov’t raises depositors’ insurance compensation to VNĐ75 million

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Báo Đầu Tư English 3 day(s) ago

The maximum insurance payable to a depositor for all deposits in an insured organisation will be raised to VNĐ75 million (US$3,289) from VNĐ50 million with effect from August 5.

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Bank stocks rise on coming bad debt resolution

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Báo Đầu Tư English 3 day(s) ago 1 related news

Shares ended Monday on a positive note as banks reacted to information that the new bad debt settlement resolution will likely be approved by the National Assembly this week.

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Experts call to raise USD deposit rate

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Báo Đầu Tư English 4 day(s) ago

The policy of zero interest rate on USD deposits is showing some shortcomings and the State Bank of Vietnam (SBV) may need to increase it, especially in light of certain pressures on the VND/USD exchange rate.

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Smaller banks overtake giants in profit growth

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Báo Đầu Tư English 4 day(s) ago

Although commercial banks have yet to release their financial reports for the second quarter of 2017, many of them revealed their operating results in the first five or six months of 2017. Accordingly, some small and medium-scale banks overtook the giants of the Vietnamese banking industry in terms of profit growth.

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Stocks set to rise, shaky trading seen

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Báo Đầu Tư English 5 day(s) ago

The share market is set to remain positive this week, but trading could prove to be bouncy for lack of supporting business information, experts say.

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City banks create $5b link-up programme

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Báo Đầu Tư English 5 day(s) ago

A banking-enterprises link-up programme in HCM City has enabled 4,138 businesses to borrow over VND124.3 trillion (US$5.5 billion) from banks in the first five months of this year, a conference heard on Friday.

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Vietnam banks look to tap into big data

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Báo Đầu Tư English 7 day(s) ago

To successfully deploy big data in the banking sector, there must be a comprehensive strategy using professional teams who have deep understanding of both finance and technology, said Nguyễn Kim Anh, Deputy Governor of State Bank of Việt Nam.

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Real estate lending disguised as consumer lending

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Báo Đầu Tư English 1 week(s) ago

The increasing interest rates on house buying and housing repair loans at commercial banks raise worries about the liquidity of the Vietnamese economy.

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Shares remain flat: ROS, banks, energy firms decline

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Báo Đầu Tư English 1 week(s) ago

Shares ended flat in both local markets on Thursday morning, as trading was bumpy with investors trying to take profits from recent gains.

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Stocks rise further on banks

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Báo Đầu Tư English 1 week(s) ago

Vietnamese stock indices ended on a positive note on Wednesday, led by banks, insurance companies and agriculture firms on positive market information.

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Vietcombank receives 3 awards from Asian Banker Awards

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Báo điện tử CP English 1 week(s) ago

VGP - The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) has been honoured with three awards from The Asian Banker at its annual summit held in Singapore recently.

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Interest rates rising, banks stablising

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Báo Đầu Tư English 1 week(s) ago

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vuong Duy Lam of the National Institute for Vietnam Finance under the Ministry of Finance.

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VN banks struggle to keep interest rates steady

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Báo Đầu Tư English 1 week(s) ago

From mid-March, Sacombank has been offering certificates of deposit (CDs) denominated in dong to individuals and companies.

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