Banks gain big profits from forex trading Business

Banks gain big profits from forex trading

Most banks reported strong profit growth from the foreign exchange business in the first three quarters of this year thanks to the sharp appreciation of the US dollar, Q3 2022 financial statements showed.
Commercial banks tighten real estate lending Business

Commercial banks tighten real estate lending

Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling credit growth in risky areas.
Remittances to HCM City merely impacted by COVID-19 Business

Remittances to HCM City merely impacted by COVID-19

Despite negative impacts of the COVID-19 pandemic, remittances Ho Chi Minh City received through commercial banks and economic organisations are forecast to reach 5.5 billion USD this year, a slight increase from 2019.
Sacombank, CEO win Asia Pacific awards Business

Sacombank, CEO win Asia Pacific awards

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) won the Corporate Excellence Award at the 2020 Asia Pacific Enterprise Awards for its outstanding achievements in business while also fulfilling its social responsibilities.