Vietnamplus

The Japan International Cooperation Agency (JICA) on October 20 signed a 75 million USD loan agreement with the Vietnam Prosperity Joint Stock Commercial Bank (VP Bank) to promote financial access among women-led small and medium-sized enterprises through Private Sector Investment and Finance (PSIF).

Moody's Investors Service has upgraded the baseline credit assessments (BCAs) of 12 Vietnamese banks in its latest report released on October 30.

VP Bank Finance Company Limited (FE CREDIT), one of the largest credit card issuers in Vietnam, scored a hat-trick of gongs at the 5th Annual Cards and Electronic Payments International (CEPI) Asia Awards 2018.

Interest rates for VND loans have increased in the past two months after holding steady in the first half of the year.

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.

Stock analysts have predicted the market will likely extend gains this week but divergence will continue in the context of third-quarter earning reports.

The International Finance Corporation (IFC), the private equity arm of World Bank group, has sanctioned an additional 80 million USD credit package to Vietnam Prosperity Bank (VPBank).

Commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market.