Saturday, August 24, 2019 - 13:38:36

Bank for Investment and Development of Vietnam BIDV

Gifts presented to Overseas Vietnamese in Cambodia

Society

Gifts presented to Overseas Vietnamese in Cambodia

The labour union of the Bank for Investment and Development of Vietnam (BIDV) on July 5 presented gifts to 10 overseas Vietnamese in Cambodia who are wounded soldiers, relatives of war martyrs, and people who rendered services to the homeland.

Banks struggle to lure long-term capital

Business

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.

Foreign investment in banking sector to surge

Business

Foreign investment in banking sector to surge

The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.