Keyword: "banks"

174 Result

In 2024, Vietnam banks see profit increases. (Photo: VietnamPlus)

Banks expect higher profits in 2025

Bank representatives said they plan to increase market share and shift retail, with a focus on sustainable development to boost profits higher than last year.

A customer uses a card for payment at a point-of-sale (Photo: VNA).

Many banks stop transactions of ATM magnetic cards

Many banks have recently announced they are stopping transactions of domestic automated teller machine (ATM) cards with magnetic strips, to ensure security for customers in the context of increasing cybercrimes.

A bank teller counts money at a transaction office in Hanoi. (Photo: VNA)

Banks race to issue bonds to raise capital

Many banks have issued large amounts of bonds to raise thousands of billions of VND, pushing interest rates to around 8% per year, much higher than that of normal savings.

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94%, higher than the 4.55% at the end of 2023. (Photo: cafef.vn)

Bad debts kept rising in five months

Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.

Laos establishes centralised foreign exchange platform

The Bank of Laos (BOL) and 15 commercial banks have signed a Memorandum of Understanding (MoU) to establish a centralized foreign exchange market to stabilize the national currency, improve transaction monitoring, and provide convenient currency exchange options..