Vietnamplus

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.

Big data is a vital issue for banks in the digital transformation process, with data sharing and security top concerns, experts have said.

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

Companies collected a total of 38.4 trillion VND (1.7 billion USD) via bond issuances in August, according to statistics from the Hanoi Stock Exchange (HNX).

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.

Twenty-five companies have entered the “one-trillion-dong profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic.

Five banks have donated a total of 25 billion VND (1.07 million USD) for the fight against the new COVID-19 outbreak that is hitting Da Nang city hard, according to the State Bank of Vietnam (SBV).

The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.

Twelve people involved in violations of banking operations at the Bank for Investment and Development of Vietnam (BIDV) will be brought to trial on July 20, according to the Hanoi People’s Court.

Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up the process to meet the State Bank of Vietnam (SBV)’s deadline this year.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) found a place among the 1,000 largest companies in Forbes’ recent “The World’s Largest Public Companies 2020” report, released in its Global 2000 annual rankings.

Credit institutions in Vietnam settled more than 26.94 trillion VND (1.17 billion USD) of non-performing loans (NPLs) in the first quarter of this year.

The Bank for Investment and Development of Vietnam (BIDV) launched a programme on April 27 to help the Mekong Delta cope with drought and saline intrusion.

Many banks in Ho Chi Minh City are selling their mortgaged assets, mainly properties worth trillions of Vietnamese dong, to speed up the resolution of bad debts.

Incomplete statistics show that businesses have enjoyed cuts of at least 100 trillion VND (4.25 billion USD) to support them amid the COVID-19 pandemic.

Right after the State Bank of Vietnam (SBV) issued Circular No. 01, many domestic businesses have enjoyed lending interest rate reductions and graces, enabling them to restore production.

The COVID-19 pandemic is developing complicatedly and badly affecting the global economy, including Vietnam, causing adverse impacts on production and business activities as well as people’s lives.

The central bank has applied a number of measures to help enterprises access banks’ credits and combine the sources with their own capital to continue their production and business.

The Fourth Industrial Revolution (Industry 4.0) has a great impact on the human resources of the banking sector, according to the general director of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Vietnam Asset Management Company (VAMC), the bank’s Chairman Phan Duc Tu said.