Banks slash fees for interbank fund transfers Business

Banks slash fees for interbank fund transfers

Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Viet Nam (NAPAS) to halve the switching fees for local banks from March 25.
Banking sector to cash in on benefits from EVFTA Business

Banking sector to cash in on benefits from EVFTA

The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.
Gap widens in deposit interest rates Business

Gap widens in deposit interest rates

A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status.
Some banks cut deposit interest rates Business

Some banks cut deposit interest rates

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Vietnam (SBV).
M&A information to be released Business

M&A information to be released

Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders’ meetings is around the corner.
Banks battle it out in Tet loans market Business

Banks battle it out in Tet loans market

Commercial banks and financial companies are fiercely competing for a slice of the profitable personal loans market as demand often rises sharply at the end of the year.