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.
SBV leader believes in healthier banking activities in coming time Business

SBV leader believes in healthier banking activities in coming time

Governor of the State Bank of Vietnam Le Minh Hung on November 17 continued taking part in lawmakers’ question-and-answer session, making clear issues relating to the baking system’s issues, including credit growth, debt rescheduling for storm victims, and credit institution restructuring.
Macro economy rosy: national consultation council  Business

Macro economy rosy: national consultation council

Macroeconomic indexes have experienced positive changes over the last nine months, showing the effectiveness of Vietnam’s financial and monetary policies, according to the National Financial and Monetary Policy Consultation Council.
Banks given higher credit limits Business

Banks given higher credit limits

The State Bank of Vietnam (SBV) has approved the extension of credit growth limits for many commercial banks to support the country’s economic growth.
Government urged to improve business climate Business

Government urged to improve business climate

Removing barriers and improving the business environment would contribute to reaching economic growth targets in the context of a tight State budget, director of the Ministry of Planning and Investment’s National Economic Issues Department Tran Quoc Phuong.
SBV demands strict compliance with credit rate regulations Business

SBV demands strict compliance with credit rate regulations

The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions and commercial banks in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.
New collateral rules good for VN banks: Moody’s Business

New collateral rules good for VN banks: Moody’s

The speedy repossession of collateral is a credit-positive step for Vietnamese banks, which continue to grapple with legacy asset-quality issues caused by rapid credit growth and loose underwriting standards of the past decade, Moody’s Investors Services said in a note on August 28.