Commercial banks prowling Vietnamese retail business

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Báo Đầu Tư English 1 month(s) ago

Commercial banks in Vietnam are racing to develop their retail banking segment, heating up the competition in the market.

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Markets advance further on banks, brokerages

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Báo Đầu Tư English 1 month(s) ago

Shares rose further on both local markets on Monday morning, boosted by banking-finance companies.

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Paris steps up efforts to attract US banks after Brexit

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Báo Đầu Tư English 1 month(s) ago

PARIS: The French government will open a tribunal in Paris to handle financial cases in English in an effort to attract more American banks after Brexit, a top official said on Thursday (Jun 29).

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’Business as usual’ won’t drive growth: official

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Báo Đầu Tư English 1 month(s) ago

Key advantages that have driven national growth will not last much longer, and policy breakthroughs are needed to unleash the nation’s ‘inner potential,’ a senior Party official said yesterday.

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Local banks recovering from a long slump

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Báo Đầu Tư English 2 month(s) ago

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8 per cent to even 80 per cent.

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Vietnam ditching leather for e-wallets

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Báo Đầu Tư English 2 month(s) ago

Electronic wallet (e-wallet) services are becoming more popular in Viet Nam, with a number of new e-wallet services officially licensed in the last year and a half.

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Ocean Bank finds new foreign owner

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Báo Đầu Tư English 2 month(s) ago

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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A lionhearted Vietnamese mobile network brand

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Báo Đầu Tư English 2 month(s) ago

For the first time, a Vietnamese company has successfully developed a real-time billing system (OCS) for telecommunication networks, a product similar to banks’ core banking system, but larger in scale and complexity.

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SBV looks to up foreign reserves

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Báo Đầu Tư English 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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 2 month(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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