Vietnamplus

Currently, the OCB OMNI system deals with about 50,000 transactions a day, including money transfer, receipt payment, and mobile service payment, three times higher than the figure recorded at late 2019.

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits.

Amidst the COVID-19 pandemic, many banks have undertaken measures to allow customers to open bank accounts online in the future.

Banks have designed various measures and solutions in order to tackle difficulties facing businesses affected by the COVID-19 pandemic.

Companies in various sectors are seeking to help people limit physical contact with others, not use cash or leave home as the COVID-19 epidemic rages.

The Fourth Industrial Revolution (Industry 4.0) has a great impact on the human resources of the banking sector, according to the general director of Vietnam Prosperity Joint Stock Commercial Bank (VPBank).

Thirteen commercial banks and securities firms will be allowed to join the debt market or Government bonds (G-bonds) market in Vietnam this year.

It was a surprise as a number of domestic commercial banks have reported big profits after years of poor performance, but this showed the country’s business environment has improved.

Japan's Aozora Bank plans to take a 15 percent stake in Vietnam’s Orient Commercial Joint Stock Bank (OCB) in April 2020, marking its first overseas deal since 2001.

Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high.

More than 150 enterprises successfully issued bonds worth total 179.1 trillion VND (7.7 billion USD) in the first nine months of this year, a report on the Hanoi Stock Exchange bond market showed on October 8.

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

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

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has officially completed a plan to reduce its holding ratio at other credit institutions to below 5 percent as required by the central bank.

The top 100 products and services in 2018 selected by consumers were announced at a ceremony in Ho Chi Minh City on November 29.

Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.

The Orient Commercial Joint Stock Bank (OCB) has successfully issued shares worth more than 900 billion VND (over 39.6 million USD) to increase its chartered capital.

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.

Banks are investing significantly in retail banking services instead of only focusing on corporate lending in the hope of gaining higher profits from the potential segment this year.