Covid-19 severely impacts banking sector’s benefit growth Business

Covid-19 severely impacts banking sector’s benefit growth

According to the SSI Securities Corporation, if COVID-19 is controlled by the end of Q2, the banks' pre-tax profit will grow by 7.2 percent per year. However, if the epidemic ends at the end of the year instead, the growth will be 0.8 percent per year.
Fee hikes threaten cashless plan Business

Fee hikes threaten cashless plan

Recent surges in transactions and withdrawal fees at a number of commercial banks went against the State Bank of Vietnam’s (SBV) initial policy roadmap for a seamlessly cashless society.