Wednesday, 23 May 2018
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ECONOMYBANKING & FINANCE
Monday, 21 May 2018, 10:41
Vietnam's Orient Commercial Bank (OCB) expects its market capitalization to rise to $1 billion after its planned listing on the country's benchmark bourse during the second half of the year, according to Bloomberg.
Sunday, 20 May 2018, 14:07
The State Bank of Vietnam (SBV) is encouraging local people to further use non-cash payment services, Pham Tien Dung, director of the SBV’s Payment Department, said.
Saturday, 19 May 2018, 20:26
Cross-ownership at banks has sharply decreased after the banks recently changed its top leaders at 2018 annual general meetings of shareholders (AGMs) to meet a central bank's new regulation.
Saturday, 19 May 2018, 14:30
The State Treasury of Vietnam has so far this year successfully mobilized more than over VND56 trillion (US$2.46 billion) via G-bond auctions in the Hanoi Stock Exchange.
Saturday, 19 May 2018, 11:16
Total revenue and pre-tax profits of 14 listed banks reached VND56.34 trillion (US$2.47 billion) and VND20.13 trillion ($883 million) in the first quarter, up 35 percent and 52 percent year-on-year, respectively.
Wednesday, 16 May 2018, 14:15
Financial reports of 13 large- and medium-sized banks showed that eight of them had the non-performing loans (NPL) ratio rose in the first quarter of this year.
Tuesday, 15 May 2018, 11:11
Ratings firm Fitch raised Vietnam's long-term foreign-currency issuer default rating (IDR) to 'BB' from 'BB-', with a stable outlook, the agency said on May 14.
Tuesday, 15 May 2018, 08:19
The State Bank of Vietnam (SBV) has gradually tightened the foreign currency lending to fight against the dollarization in the economy for recent years, however, in fact, the lending is rising again.
Sunday, 13 May 2018, 15:57
An impressive profit growth rate at 52% is considered a short term achievement and not sustainable, due to the large contribution of high expenses.
Sunday, 13 May 2018, 14:25
Total state budget exceeded VND446 trillion (US$19.6 billion) in the first four months, equivalent to 33.8% of the year estimation and up 12.1% year on year, informed the Ministry of Finance.
Sunday, 13 May 2018, 14:00
More commercial banks are keen to establish consumer finance subsidiaries to seize a bigger share of a market that is high potentials with annual growth rate of over 50 percent and projected value of VND1,000 trillion (US$43.85 billion) by 2019.
Saturday, 12 May 2018, 18:56
The State Bank of Vietnam (SBV) has directed commercial banks to stop increasing ATM cash withdrawal fees at this time to create consensus in public opinion.
Wednesday, 09 May 2018, 16:24
Credit institutions are now allowed to sell bad debts lower than the bookkeeping value under the Resolution No.42 in 2017, however, banks are still facing difficulties in dealing with bad debts.
Wednesday, 09 May 2018, 12:42
In 2017, total transaction revenue via ATM/POS has increased 34% compared to 2016, along with the cash withdrawal rate going down from 15.71% in period 2015 - 2016 to 6.86% in the first 11 months of 2016 - 2017.
Tuesday, 08 May 2018, 11:36
Vietnam Asset Management Company (VAMC) is reported to have deposited VND18 trillion (US$790 million) in banks, said its recent financial statement in 2017.
Saturday, 05 May 2018, 10:34
The Ministry of Finance planned to restructure its subsidiaries this year, aimed to reduce the number of tax agencies nationwide to 173 from the current 327.
Wednesday, 02 May 2018, 16:09
Vietnam remains huge potential for Fintech development, said the Governor of State Bank of Vietnam (SBV) Le Minh Hung.
Wednesday, 02 May 2018, 09:52
BIDV posted its pre-tax profit at VND2.48 trillion (US$108.1 million) in the first quarter, up 9.1% compared to the same period of last year, said the bank's quarterly consolidated financial statement.
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