31st Sea Games - Vietnam 2021 Covid-19 Pandemic
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.
14:49, 2021/49/15
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.
15:22, 2021/22/23
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.
17:46, 2021/46/15
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.
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.
13:26, 2021/26/10
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.
16:03, 2021/03/05
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.
09:27, 2021/27/18
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.
15:38, 2021/38/16
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.
11:53, 2020/53/22
Bad debt ratio in Hanoi banking sector stays at 1.91%
Total capital mobilized by credit institutions in Hanoi this year is estimated to increase by 12.91% year-on-year and total outstanding loans at 9.58%.
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