Vietnamplus

Commercial banks will hold annual general meetings of shareholders (AGM) next quarter to map out production and business plans for 2023.

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 will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Vietnam (SBV) draft regulation.

A ceremony to present scholarships to 110 ethnic minority students and children of poor fishing families took place in the south central province of Binh Dinh on March 28.

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.

Many banks have recently announced they will recruit a large number of personnel to meet their business expansion plans in 2019.

Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.

Many banks throughout the country need to recruit more employees for their newly opened branches this year or to replace staff members who quit their jobs before the Lunar New Year (Tet) holiday.

Many small banks want to increase their capital but have failed to do so, according to independent market watchdogs.