Some banks are putting assets secured with non-performing loans worth hundreds of billions of Vietnamese dong up for auction in the first days of the Lunar New Year to speed up the resolution of bad debts.
Moody’s Investors Service has assigned first-time Ba3 deposit and issuer ratings to Vietnam Bank for Agriculture and Rural Development (Agribank).
Permanent Deputy Prime Minister Truong Hoa Binh visited and presented gifts to social policy beneficiaries, poor households and students in Thap Muoi and Cao Lanh districts in the Mekong Delta province of Dong Thap on February 2.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to spend 40 billion VND (1.72 million USD) on its annual programme supporting the poor people on the occasion of the traditional Lunar New Year (Tet) holidays.
On the first day of the New Year, the Government issued Resolution No 01/NQ-CP/2019 for the robust development of the securities market, especially the derivatives segment.
Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Starting from January 10, four State commercial banks will lower interest rates to support domestic firms operating in five prioritised sectors as stipulated by the State Bank of Vietnam.
Vietnam has leapt to become Southeast Asia’s top grossing market for initial public offerings (IPO) in 2018 with total proceeds of 2.6 billion USD.
The list of top 500 largest enterprises in Vietnam (VNR500) has been unveiled, showing that Vietnam’s private sector continued to post strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 percent in the 2014-2017 period.
Four days into the first instance trial, the People’s Court in the Mekong Delta province of Ben Tre gave Malaysian national Chong Ngai Fong and his six accomplices a total of 48 years in prison for their fraudulent activities using fake ATM cards.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it is likely to reach the highest-ever profit growth rate by the end of the year.
Commercial banks are rushing to provide loans for green energy projects amid a wave of investment in the growing industry, dubbed a landmark for the country’s renewable energy outlook.
Interest rates for VND loans have increased in the past two months after holding steady in the first half of the year.
Domestic banks have been expanding their network of branches and transaction offices rapidly in recent years in an effort to increase market share.
Vietnam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.
Deputy General Director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a Japanese agricultural machinery manufacturer.
How to ensure financial sustainability and long-term financial services for the poor at the same time remains a headache for both policy makers and financial service suppliers.
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.
