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).
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.
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).
ACB becomes seventh bank to meet Basel II standards Business

ACB becomes seventh bank to meet Basel II standards

The Asia Commercial Bank (ACB) late last week was officially given approval from the State Bank of Vietnam (SBV) to apply Basel II standards, raising the number of Vietnamese banks meeting the global norms ahead of the SBV’s schedule to seven.