VN seeks to match ASEAN productivity VN seeks to match ASEAN productivity

Viet Nam is endeavouring to be shoulder-by-shoulder with Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand in the field of labour and employment by boosting labour productivity.

Restructuring credit institutions top priority Restructuring credit institutions top priority

Viet Nam News reporter Ngoc Bich talks with the State Bank of Viet Nam's Governor Le Minh Hung about the opportunities and challenges that the banking system will face in the near future.

PM calls for business friendly decrees PM calls for business friendly decrees

Prime Minister Nguyen Xuan Phuc urged ministries to hasten the process of drafting decrees providing guidelines for investment and business activities, under Dispatch 789/TTg-PL that he signed last weekend.

Fitch affirms Viet Nam rating at 'BB-' with a stable outlook Fitch affirms Viet Nam rating at 'BB-' with a stable outlook

Fitch Ratings on Wednesday affirmed Viet Nam's long-term foreign and local currency IDRs at 'BB-' with a stable outlook.

ANZ named Việt Nam's best trade finance bank ANZ named Việt Nam's best trade finance bank

(May 24, 2016)

ANZ has been named the best trade finance bank in Viet Nam in The Asset, a financial magazine for Asia's decision makers.

Deposit interest rates under pressure to increase

Pressure from ensuring liquidity, meeting rising credit demands and purchasing Government bonds has caused commercial banks to hike their savings interest rates to attract depositors.

Lending rules should be changed gradually: banks

Although amendments to Circular 36 are needed, they should be implemented gradually to avoid policy risks and difficulties to commercial banks, online news portal Bizlive quoted bank officials as saying.

Consumer finance market soars

Viet Nam's consumer loans hit a five-year record high of US$15.12 billion last year, according to a new report from local market research company StoxPlus.

Banks urged to renovate

Finance markets will become more sophisticated and powerful in the near future, and this will pose a challenge if banks do not focus on renovating existing technology, financial experts warn.

Siam Commercial Bank opens branch in HCM City

Thailand's Siam Commercial Bank (SCB) recently celebrated the opening of its new branch in HCM City at the Kumho Asiana Plaza Building in the heart of HCM City's business district.

SBV loosening policies: experts

Experts believe the central bank is loosening its monetary policies to support businesses and boost economic growth.

Banking technology needed in order to compete

Technology holds the key to banks' development, especially with the country's increasing global integration, a seminar heard in HCM City yesterday.

TPBank stops massive cyber heist

The Tien Phong Commercial Joint Stock Bank (TPBank) announced it had stopped hackers from attacking the SWIFT system, reported VietnamPlus.

Irrecoverable debts remain high

Though non-performing loans (NPLs) at commercial banks are being kept under control at below 3 per cent, their potentially irrecoverable debts remain high.

VIB offers preferential loans to garment enterprises

Vietnam International Bank (VIB) is providing enterprises in the textile and garment sector with soft loans and 20 per cent reduction in trade financing costs from now until December 31.

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