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Central bank buys US$4 billion of currencies in Q1
Amidst the global uncertainties, the Central Bank has been buying back foreign currencies to ensure an adequate trade balance and economic stability.
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13:09, 2021/11/24
Banks forego over US$684 million for customers
Banks’ profits are expected to decline by a total of VND20.6 trillion (US$908.3 million) until late 2021 due to business support schemes during the pandemic.
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14:49, 2021/11/15
Vietnam banks restructure debts worth over US$24 billion during pandemic
Banks have foregone around VND31.4 trillion ($1.38 billion) in profits by lowering lending rates from January 23, 2020, to late October 2021.
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15:22, 2021/06/23
Experts blasts proposal of bringing deposit interest rate to 0%
A 0% deposit rate amid a high inflation rate would turn people away from banks and look for other investment channels such as real estate, securities, or gold with higher risks, stated an expert.
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17:46, 2021/05/15
Expert names reasons why foreign banks scale back operation in Vietnam
While western banks are having limited presence in Vietnam, their Asian peers have greater interests in the country.
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22:05, 2021/05/12
Elevated household debt remains big concern for Vietnam banking sector: HSBC
Elevated consumer leverage could drag down future consumer spending, especially as labor market conditions have been severely impacted by the pandemic.
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13:26, 2021/05/10
Banking sector faces risks as growing credit channeled to real state
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market.
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16:03, 2021/05/05
Banking sector to maintain role as veins for economic growth: Party chief
Monetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong.
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09:27, 2021/02/18
Vietnamese banks offer promotion programs after Tet
In the first working day after a long holiday, customers often have high demand to open or withdraw money from saving accounts.
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15:38, 2021/02/16
Banks stocks set for strong growth in 2021
Banking sector is set to post a strong growth of 21-28% year-on-year in pre-tax profit in 2021, subsequently leading to higher value of banks stocks.