Current, savings account ratio on the rise Business

Current, savings account ratio on the rise

A financial report analysis of 24 Vietnamese banks shows that the average Current and Savings Account (CASA) ratio of the banks rose from 17 percent in 2020 to 19.4 percent in late 2021.
VEAM reports significant revenue slump Business

VEAM reports significant revenue slump

The Vietnam Engine and Agricultural Machinery Corporation (VEAM) saw revenue slump 18 percent year-on-year to reach 910 billion VND (39.3 million USD) in the third quarter of this year.
Singaporean banks record spike of deposits  World

Singaporean banks record spike of deposits

Singapore is witnessing a jump in deposits in local banks, which reflects investors' risk aversion and inflows from other markets, including Hong Kong (China), said Bloomberg Intelligence.
Foreigners still allowed to make term deposits Business

Foreigners still allowed to make term deposits

Resident and non-resident foreigners in Vietnam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Vietnam has said.
Real estate firms issue bonds to raise capital Business

Real estate firms issue bonds to raise capital

As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue shares to fund their business.