Thursday, February 21, 2019 - 5:25:39

Agribank

Banks hold auctions to cut bad debts

Business

Banks hold auctions to cut bad debts

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.

Banks post high profits in 2018

Business

Banks post high profits in 2018

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.

Top 500 largest enterprises in Vietnam announced

Business

Top 500 largest enterprises in Vietnam announced

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.

Group receives 48-year jail term over fake ATM cards

Society

Group receives 48-year jail term over fake ATM cards

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.

Cashless payment needs a boost in rural areas

Business

Cashless payment needs a boost in rural areas

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.