Banks slash fees for interbank fund transfers Business

Banks slash fees for interbank fund transfers

Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Viet Nam (NAPAS) to halve the switching fees for local banks from March 25.
Malaysia may cut key interest rate again World

Malaysia may cut key interest rate again

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.
M&As in banking sector encouraged Business

M&As in banking sector encouraged

The Government plans not to license any more wholly foreign-owned banks in Vietnam but encourages foreign banks to buy weak domestic banks, said Deputy Prime Minister Vuong Dinh Hue.
Foreign banks expand operations in Vietnam Business

Foreign banks expand operations in Vietnam

Foreign banks in Vietnam have been expanding their transaction networks and increasing their charter capital in a bid to increase market share, especially in the retail banking sector.
Singapore to loosen loan restrictions for SMEs World

Singapore to loosen loan restrictions for SMEs

The Monetary Authority of Singapore (MAS) on February 14 announced changes to strengthen the resilience of finance companies and enhance their ability to provide funding to small- and medium sized enterprises (SMEs).
Society

Diplomatic corps present gifts to disadvantaged children

Diplomats from a number of foreign embassies in Vietnam and representatives from domestic and international organisations on July 18 visited and granted gifts to children in Thien Phuc Humanitarian Centre in the northern province of Bac Giang.
Business

Malaysian bank opens office

Hong Leong Bank opened its head office in Vietnam an its first branch in HCM City on Oct. 8, with an initial capital of 1 trillion VND (55 million USD).