Rosy signs for exports to major markets Business

Rosy signs for exports to major markets

Vietnam’s export value is expected to rise in the coming months thanks to China’s increase in imports, strong measures taken by the Vietnamese Government, ministries, agencies, and businesses, and the EU-Vietnam Free Trade Agreement (EVFTA).
Banks urge Visa, Mastercard to reduce fees Business

Banks urge Visa, Mastercard to reduce fees

The Vietnam Banks Association has urged international card organisations to reduce several types of fees on Vietnamese banks in the context that the COVID-19 pandemic negatively affected their card businesses.
Moody’s maintains ratings for BIDV Business

Moody’s maintains ratings for BIDV

The Bank for Investment and Development of Vietnam (BIDV)’s long-term local and foreign currency deposit and long-term issuer ratings have remained at Ba3, according to global rating agency Moody’s Investor Services.
Vietnamese banks see improved solvency Business

Vietnamese banks see improved solvency

Banks in Vietnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.
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.
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.
IFC raises trade finance limits to support firms amid COVID-19 Business

IFC raises trade finance limits to support firms amid COVID-19

The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to local companies affected by the outbreak of the novel coronavirus (COVID-19).