Banks report higher profits Business

Banks report higher profits

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.
Sacombank’s profit up 89.5 percent year-on-year Business

Sacombank’s profit up 89.5 percent year-on-year

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit 2.491 trillion VND (102.21 million USD) in the first nine months of this year, a year-on-year rise of 89.5 percent, the bank reported.
Vietnam, Cambodia’s central banks look to foster partnership Business

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.
Vietcombank leads in first-half pre-tax profits Business

Vietcombank leads in first-half pre-tax profits

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted the highest pre-tax profits among Vietnamese banks in the first six months of 2019, raking in more than 11.04 trillion VND (474.7 million USD), up 43.1 percent on-year.
Banks short of credit growth quota for 2019 Business

Banks short of credit growth quota for 2019

Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Vietnam (SBV).
First domestic chip cards launched Business

First domestic chip cards launched

The Vietnam Bank Card Association, in collaboration with the National Payment Corporation of Vietnam (NAPAS) and 7 commercial banks, launched the first domestic chip cards on May 28.