Vietnamplus

Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings.

More and more customers are using e-banking services, leading to a rise in free-of-charge facilities offered by banks.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) inaugurated its representative office in the US, on November 1.

Vietnam and Russia agreed on many measures to promote their bilateral relations during the 22nd session of the Inter-governmental Committee for Economic-Commercial and Scientific-Technological Cooperation in Hanoi on October 29.

Thai Prime Minister and Defense Minister, Gen. Prayut Chan-o-cha, has presided over the opening of "Digital Thailand Big Bang 2019: ASEAN Connectivity", an international exhibition aimed at encouraging all sides to use using digital technology to benefit all sides and promote cybersecurity.

The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.

The banking sector is waiting for the State Bank of Việt Nam to allow the use of electronic know your customer/client (e-KYC).

Lack of disclosed information, listing plans and risks of non-performing loans are dragging OTC-traded bank stocks down.

Credit has been provided for production and business activities and the priority fields while loans for high-risk areas have been further tightened so far this year, the State Bank of Vietnam (SBV) reported.

The World Bank (WB) and the State Bank of Vietnam (SBV) on October 1 inked a grant agreement worth 2.2 million USD to implement a project aimed at strengthening the soundness and resilience of Vietnam’s banking sector.

As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

Governor of the National Bank of Cambodia Chea Chanto has praised contributions by Vietnamese enterprises, especially those operating in the banking sector, to promoting the two countries’ prosperity and tightening solidarity between the two peoples.

Vietnamese enterprises invested 277.4 million USD in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) said in its latest report.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has reported a record pre-tax profit of 2,211 billion VND (94.26 million USD) in the first half of the year.

As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.

The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25 percent and 4.25 percent, respectively, in addition to maintaining its 14 percent credit growth target for the remainder of 2019, experts forecast.

Domestic banks have unveiled positive business performance results in the first half of this year, with some new records being set.

The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.