120 scholarships presented to poor students in Long An Society

120 scholarships presented to poor students in Long An

The Vu A Dinh scholarship fund, Nam A Bank, VinaCapital Foundation (VCF), and the Ho Chi Minh Communist Youth Union provincial chapter of Long An presented scholarships to 120 poor students with outstanding performance during a local ceremony on August 21.
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.
Shares drop off after 10-year high Business

Shares drop off after 10-year high

Shares declined unexpectedly on March 31 on the two exchanges, beating analyst forecasts of a continued rise after the VN-Index surpassed the previous ten-year high.
Banks turn a market dampener Business

Banks turn a market dampener

Shares unexpectedly edged down on January 18 despite a positive morning performance as leading bank stocks lost steam on cautious sentiments ahead of the Tet (Lunar New Year) holidays next week.