Awards honour standout Vietnamese banks Business

Awards honour standout Vietnamese banks

A ceremony for the Vietnam Outstanding Banking Awards 2019 was held in Ho Chi Minh City on November 27 by the Vietnam Banks Association and the International Data Group (IDG).
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.