Bancassurance becomes main service earner for banks Business

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Vietnamese dong given stable outlook Business

Vietnamese dong given stable outlook

The Vietnamese dong would be steady next months, buoyed by positive foreign inflow and reasonable gap between interest rates of the dong and the US dollar as well as the stability of the Chinese yuan, experts said.
Bank liquidity abundant after Tet Business

Bank liquidity abundant after Tet

Liquidity of the banking system has been plentiful again after the Lunar New Year (Tet), helping the central bank net withdraw more than 51.55 trillion VND (2.2 billion USD) in the past week.
Investment funds make modest gains Business

Investment funds make modest gains

Most investment funds in Vietnam’s equity market have recorded modest gains and were beaten by the growth of the benchmark VN-Index in the past three quarters.