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).
Heavyweight stocks dent market Business

Heavyweight stocks dent market

Shares declined on August 31 on both national stock exchanges before the National Independence Day Holiday, led by heavyweight stocks.
Stocks correct down after 10-year peak Business

Stocks correct down after 10-year peak

The local stock market underwent a downward correction on September 11 as investors increased selling pressure to seek short-term cash profits following a 10-year peak.
SMEs hard to access bank loans Business

SMEs hard to access bank loans

Nearly 70 percent of 2,600 surveyed small-and-medium sized enterprises (SMEs) had to seek loans on the black market as they were unable to access bank loans.
VPBank wins best mobile banking award Business

VPBank wins best mobile banking award

Vietnam Prosperity Bank (VPBank) has been recognised as the "Best Mobile Banking Vietnam 2016" by Global Banking and Finance Review, due to its continuous efforts to improve its products.
VPBank opens to foreign investors Business

VPBank opens to foreign investors

VPBank has asked shareholders to approve their plan to sell its stakes in several of its subsidiaries to foreign investors, an atypical opportunity for foreigners interested in entering the market.
VPBank offers preferential loans Business

VPBank offers preferential loans

Vietnam Prosperity Bank (VPBank) is offering a preferential programme for small and medium-sized enterprises (SMEs) with the aim of helping them access loans for production and business.