Banks eye post-pandemic business opportunities Business

Banks eye post-pandemic business opportunities

Banks are ready to seize business opportunities in the coming months as the COVID-19 pandemic has been basically controlled in Vietnam and domestic production and business are expected to accelerate soon.
Vietnam attends ASEAN Banking Conference in Cambodia ASEAN

Vietnam attends ASEAN Banking Conference in Cambodia

A Vietnamese delegation, led by Nguyen Toan Thang, General Secretary of the Vietnam Banking Association, is attending the 22nd ASEAN Banking Conference that kicked off in the Cambodian capital city of Phnom Penh on November 25.
Arbitration could solve disputes fast Business

Arbitration could solve disputes fast

Businesses and banks in Vietnam still resolve disputes through the courts, even though arbitration and mediation remain the most popular methods throughout the world in dealing with banking disputes.

Interest rates war heats up

A number of commercial banks have joined in a rush to increase interest rates on dong deposits up to 13 percent per year, as well as offer incentives and bonus interest to attract new customers.

Loans tightened to prevent bubble

The State Bank of Vietnam has tightened lending for domestic real estate to avoid a bubble and encourage the flow of capital into manufacturing and agriculture.

Banks cut lending rates again

Several commercial banks have further cut lending interest rates by a half to a full percentage point to just 13 percent per year in response to a call for lower rates from the Vietnam Banking Association.

Banks co-operate to beat foreign rivals

Commercial banks are beginning to enter into tie-ups with each other to achieve operating scale even as they await the entry of foreign banks, a process that will alter the banking landscape.

Bond market largely untapped

The bond market offers a yet-to-be-tapped channel for luring foreign investment, said participants at the Vietnam Finance and Capital Markets Conference held on Nov. 30 in Hanoi.

Banks increase retail credits

Bank loans for individuals were on a sharp rise in the first months of the year, mostly attributable to the rally of the property market, according to financial reports by commercial banks.