A customer buys US dollars at a bank in Hà Nội. During May and the first half of June, the đồng depreciated about 1.0 per cent on the official market. Photo baochinhphu.vn HÀ NỘI — The State Bank of Việt Nam (SBV) sold about US$7 billion in the first five …
Read More »NA approves extension of pilot bad debt settlement resolution
A bank teller counts cash at a transaction office in Hà Nội. From August 15, 2017 to November 30, 2021, VNĐ373.3 trillion of bad debt was recovered according to Resolution 42. Photo cafef.vn HÀ NỘI — The National Assembly (NA) has agreed to extend a pilot resolution on bad debt settlement …
Read More »Banks start capital hike race in 2022
A view of a VPBank office in Hà Nội. VPBank plans to increase charter capital to VNĐ79.33 trillion. Photo courtesy of VPB Compiled by Thu Hà HÀ NỘI — The charter capital increase of the banking industry this year is starting to heat up with many banks simultaneously implementing related plans. …
Read More »Credit growth of banking system expands by over 17 per cent
Deputy governor of the State Bank of Vietnam Đào Minh Tú speaks at the meeting. Photo SBV HÀ NỘI — Credit of the Vietnamese banking system as of June 9 surged by 17.09 per cent against the same period last year, deputy governor of the State Bank of Vietnam (SBV) …
Read More »Bank interest margins under pressure due to high inflation
A Techcombank’s transaction office in Hà Nội. Techcombank has recently increased its savings rate by 0.3-0.45 percentage points per year. —Photo Techcombank HÀ NỘI — Experts forecast that bank net interest margins (NIM) will decline as inflation rises next month. Việt Nam’s consumer price index in the first five months of …
Read More »Big M&A deals forecast in banking industry in 2022
Customers make transactions at a Vietcombank’s office in Hà Nội. Vietcombank will carry out a private placement of 6.5 per cent of its capital. Photo vietcombank.com.vn HÀ NỘI — Việt Nam’s merger and acquisitions (M&A) market in 2022 is forecast to include big deals worth billions of dollars in the …
Read More »Việt Nam plans to reduce number of credit institutions
Customers make transactions at a Bảo Việt Bank’s office in Hà Nội. Large-sized banks, excluding weak ones, must have a minimum charter capital of VNĐ15 trillion by 2025. VNA/VNS Photo HÀ NỘI — The country will reduce the number of credit institutions and basically finish the settlement of poor-performing banks …
Read More »Deposit interest rate forecast to rise by 0.3-0.5 pp in H2 2022
A bank teller counts cash at an office in Hà Nội. Deposit interest rates are under increasing pressure in the wake of rising inflation and stronger-than-expected credit growth. Photo diendandoanhnghiep.vn HÀ NỘI — Deposit interest rate in the second half of this year might be adjusted up some 0.3 to …
Read More »Banks diversify income sources to reduce dependence on credit
Bank tellers and customers in Hà Nội. Revenue from services contributes significantly to the positive business results of many banks in Q1 2022. — Photo baotintuc.vn HÀ NỘI — Banks have been promoting a target of diversifying income sources to reduce dependence on credit. The financial statements in Q1 2022 …
Read More »Banks boost up ESOP to retain good employees, increase capital
VIB tellers work in an office in Hà Nội. VIB plans to issue more than 10.9 million shares at the price of VNĐ10,000 per share to its employees. Photo nongnghiep.vn HÀ NỘI — Many banks have recently announced they will issue a large number of shares under the employee stock …
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