DIV officially launches new IT system
(Oct 22, 2016)
Deposit Insurance of Viet Nam (DIV) has officially operated a new
information and communication system for its business process related to
Moody's Investors Service on October 19 concluded its review of eight Vietnamese banks.
The Vietnam International Bank (VIB) earned VND940 billion (US$42
million) in accumulated profit before provision from January to
September, up 25.9 per cent compared to the same period last year.
The Tien Phong Commercial Joint Stock Bank (TPBank) started offering its
business support package worth VND3 trillion (US$134 million) at a
lowered annual rate of 6.8 per cent on October 20.
Joint Stock Commercial Bank for Investment and Development of Viet Nam
(BIDV) and Yachiyo Bank of Japan have inked a memorandum of
Credit growth in HCM City in the first nine months this year surged
13.26 per cent to VND1,400 trillion (US$62.5 billion), the highest level
in four years.
The Bank for Investment and Development of Vietnam (BIDV) will cut
lending interest rate for prioritised sectors from October 18 to support
Vietcombank will be the first bank to cut its lending interest rate in response to the Government's recent resolution.
The State Bank of Viet Nam (SBV) is drafting a circular on further
tightening the non-core investment of credit institutions to strengthen
transparency and risk management in the banking system.
The Government should offer incentives to projects funded by
overseas remittances, a conference on policies related to remittances
heard in HCM City on October 11.
The country's total non-performing loans by the end of June stood
at VND346.96 trillion (US$15.489 million), equal to 9.2 per cent of the