TPBank receives award for innovative practices from int'l magazine
(Aug 31, 2015)
TPBank has won the Most Innovative Digital Bank in Viet Nam 2015 award from Global Financial Market Review (GFM), a well-known international magazine with more than 40 million readers.
The central bank named five more banks on August 27 that qualify for guaranteeing property investors, following issuance of regulations on the realty trading law.
After hovering at the ceiling rate set by the State Bank of Viet Nam for
three days, the dollar pulled back a little on Thursday after the
central bank promised no more devaluation is in the offing, with almost
all banks reducing their selling rate by VND25-35
DongA Bank elected a new chairman today.
Standard Chartered Bank has partnered with M_Service JSC, which
operates the MoMo mobile wallet service, to launched its Straight2Bank
Wallet payment service in Viet Nam, which enables businesses and
organisations to transact with both banked and unbanked individuals.
Japan's Kyoto Bank and BIDV have inked a memorandum of understanding for offering banking services to Japanese businesses and investors in Viet Nam.
The DongA Bank management has nominated deputy general director Nguyen
An to run the bank until a permanent replacement is identified for
its sacked general director.
The State Bank of Viet Nam has said it would hold the exchange rate
steady till the end of the year and also in the early months of 2016.
While handling pledged assets was considered an effective tool for
credit institutions to retrieve debts and reduce non-performing loans,
gaps in regulation have been hindering progress on this front, experts
said during a seminar in Ha Noi last week.
The Viet Nam Bank for Agriculture and Rural Development (Agribank) has
decided to provide a credit package worth VND20 trillion (US$887
million) with a preferential interest rate for businesses.
Many large-sized commercial banks have no scope for credit growth in the
last months of the year, as they have used nearly all the quota allowed
by the central bank.