Finance companies slow credit growth Business

Finance companies slow credit growth

Consumer finance companies have been cutting credit growth to focus more on tightening internal governance and selecting solvent customers to target a safer and healthier development.
Banks post impressive profit growth in H1 2018 Business

Banks post impressive profit growth in H1 2018

Many banks have reported impressive profit growth in the first half of 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.
Foreign exchange reserves hit 63.5 billion USD Business

Foreign exchange reserves hit 63.5 billion USD

The State Bank of Vietnam’s net purchase of foreign currencies exceeded 11 billion USD in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately 63.5 billion USD.
WB: Vietnam’s economy improves further Business

WB: Vietnam’s economy improves further

Vietnam’s economy is forecast to continue improving, with gross domestic product (GDP) to expand by 6.8 percent this year, said the World Bank (WB) in its latest economic update for Vietnam.
Interest rate caps not needed: experts Business

Interest rate caps not needed: experts

The State Bank of Vietnam should consider developing a roadmap to remove regulations on credit growth limits and interest rate caps as it isn’t suitable due to the country’s achievements in stabilising the nation’s economy, according to experts.
Vietcombank earns record high pre-tax profit Business

Vietcombank earns record high pre-tax profit

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) continued its impressive performance in the first quarter of this year, posting pre-tax profit record high of more than 4.3 trillion VND (189.4 million USD).
Indonesia’s financial system remains stable World

Indonesia’s financial system remains stable

The financial system of Indonesia remains stable and the bank intermediation function continues to improve, stated Bank Indonesia (BI) Executive Director for Communications Agusman.
Future bright for local banks Business

Future bright for local banks

Business performance of commercial banks is forecast to continue its upward trend in 2018 after making significant improvements last year, according to a State Bank of Vietnam (SBV) survey.
Commercial banks report high profits in 2017 Business

Commercial banks report high profits in 2017

Vietnam’s commercial banks reported solid results for 2017 with the total after-tax profit estimated to grow 44.5 percent from the previous year, according to an independent report of the National Financial Supervisory Commission.
Banks push VN-Index to new 10-year high Business

Banks push VN-Index to new 10-year high

Vietnam’s benchmark VN Index rose to a 10-year high on December 28, boosted by financial stocks that are expected to deliver positive earnings reports for the past quarter and the whole year.
Banks pursue sustainable growth Business

Banks pursue sustainable growth

The current development and future strategies of many local commercial banks are creating confidence about a sustainable growth of the banking sector.