Faced with complicated developments of the COVID-19 outbreak in recent times, banks in Ho Chi Minh City and elsewhere in the country are strictly complying with social distancing regulations while also ensuring their systems operate smoothly and efficiently and fully meet the needs of individual and corporate customers.
The banking sector will provide enough credit to businesses at supportive interest rates this quarter to help revive them, according to the State Bank of Vietnam’s Ho Chi Minh City branch.
Sacombank has won two awards, the ‘Vietnam Domestic Trade Finance Bank of the Year’ and ‘Vietnam Domestic Technology and Operations Bank of the Year,’ from The Asian Banking and Finance magazine.
As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.
Cambodia's banking industry enjoyed strong growth in both loans and deposits in the first half of 2021 despite the COVID-19 pandemic, according to the National Bank of Cambodia (NBC), the country's central bank.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report.
The State Bank of Vietnam (SBV) has flexibly operated monetary policy tools to maintain liquidity for the banking system, contributing to stabilising and recovering credit growth in the context of unpredictable impacts of the COVID-19 pandemic.
The Ministry of Health received financial assistance of 160 billion VND (over 6.9 million USD) from the banking sector and 4 million doses of COVID-19 vaccines from Vingroup at a ceremony on May 21.
Party General Secretary Nguyen Phu Trong lauded efforts and achievements made by the banking sector during the national cause of economic development as he delivered a speech at a ceremony marking the sector’s 70th founding anniversary (May 6).
Prime Minister Pham Minh Chinh has ordered the banking sector to tightly supervise capital flows into the real estate sector and the stock market to prevent speculation.
Vietnam's banking sector sees greatest year-on-year brand value growth at 23%, according to Brand Finance Banking 500. Nine Vietnam banks in the list increase their global brand finance ranking.
The State Bank of Vietnam said it would be consistent with the goal of controlling inflation, maintaining macroeconomic stability, and improving the quality of monetary policy planning and administration.
The Vietnam Bank for Agriculture and Rural Development (Agribank) jumped 17 spots to rank 173rd in the recently announced Brand Finance Banking 500 list for 2021, which featured the most valuable and strongest banking brands in the world.
Minister of Natural Resources and Environment Tran Hong Ha on January 27 emphasised the importance of a circular economy while Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong noted the need to stay persistent in the target of keeping inflation under control and maintaining macro-economic stability.
The banking sector has set a goal of flexibly managing and coordinating monetary, macroeconomic, and fiscal policies to control the inflation rate to around 4 percent this year and serve economic recovery and growth.
The State Bank of Vietnam (SBV) targets a credit growth rate of 12 percent in 2021, equivalent to the growth of 12.13 percent last year, according to SBV Deputy Governor Dao Minh Tu.
Credit loans must be always available for production and business enterprises, especially those operating in such areas as agriculture, export and high-tech, Prime Minister Nguyen Xuan Phuc said on December 26.
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