Buyers no longer line up for gold purchases at banks
Long queues of gold buyers were no longer seen in front of designated sites of four State-owned commercial banks on June 17 morning.
PM askes for solutions to promote financial, corporate bond, real estate markets
Prime Minister Pham Minh Chinh on April 25 asked ministries and sectors to optimise all tools to remove difficulties facing the financial, corporate bond and real estate markets, thus pumping in more resources and promoting major growth in consumption, exports and investment.
Interest rates remain at lowest levels
Though some banks increased their deposit interest rates early this month, it is not a common trend and the rate currently is still at the lowest level it has been in many years.
Banks to introduce domestic credit chip cards to promote cashless payments
The National Payment Corporation of Vietnam (Napas) last week said it will work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit.
New decree allows banks to keep profits
A new decree released by the Government will allow State-owned commercial banks to save cash to increase their strength instead of paying dividends to shareholders.
Banks grapple with capital hike to meet Basel II standards
Some experts have said when a bank is unable to have a minimum capital adequacy ratio (CAR) of 8 percent for a long time, it could be put under special control by the central bank.
Ministries urged to allow use of State budget for banks’ capital hikes
The State Bank of Vietnam (SBV) has continued to urge relevant ministries to revise legal frameworks in order to allow large State-owned commercial banks to use the State budget for their capital increases.
Credit to grow by 14 pct, bad debt kept under 2 pct in 2019: SBV
Leaders of the State Bank of Vietnam (SBV) and commercial banks have asked the government to promptly handle capital increase for State-owned commercial banks.
PM orders breakthroughs in banking sector
Prime Minister Nguyen Xuan Phuc has ordered the banking sector to orientate itself in line with the Government’s spirit of breakthroughs
Government directs capital hike for State-owned banks
The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.
Banks aim to up capital ahead of new standards
Prosperous business performance and positive bank share price trends in the stock market are expected to help some commercial banks meet their capital increase deadline as required by the State Bank of Vietnam (SBV).
Vietnam’s banking system records 10 quadrillion VND in total asset
The total assets of the Vietnamese banking system surpassed 10 quadrillion VND (440 billion USD) in late 2017, according to the State Bank of Vietnam.
Vietcombank’s total assets exceed 1 quadrillion VND
As of December 31, 2017, the total assets of the Bank for Foreign Trade of Vietnam (Vietcombank) reached 1.05 quadrillion VND (46 billion USD).