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banks

State-owned banks struggle to increase capital

State-owned banks struggle to increase capital

Joint stock commercial banks can easily implement capital increase plans using their shares, while State-owned commercial banks have to go through many rounds of approval to get the go-ahead from authorities on any planned capital increases.
HCM City banks lend 12.2B through bank-businesses connection programme

HCM City banks lend $12.2B through bank-businesses connection programme

Seventeen banks in HCM City disbursed VNĐ306.4 trillion (US$12.2 billion) to 97,318 customers in the first seven months of this year through the city’s bank - business connection programme, the State Bank of Vietnam has said.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Banks permitted to sell investment-linked insurance products

Banks permitted to sell investment-linked insurance products

A ban on commercial banks selling investment-linked insurance products has been lifted.
Sacombank wins Vietnam Investment Review, Viet Research award for most innovative lender

Sacombank wins Vietnam Investment Review, Viet Research award for most innovative lender

Sacombank has been named among the Top 10 Most Innovative Banks Vietnam in 2024 by Vietnam Investment Review and Viet Research , and its new generation digital banking website is among their Top 100 Products of the Year.
Banks limits foreign room, waiting for strategic buyers

Banks limits foreign room, waiting for strategic buyers

Commercial banks have been holding back on increasing their foreign room to wait for suitable strategic buyers in the future, said industry leaders and insiders.
Buyers no longer line up for gold purchases at banks as banks enable online registrations

Buyers no longer line up for gold purchases at banks as banks enable online registrations

From June 17, two more banks, the Vietnam Bank for Agriculture and Rural Development (Agribank) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), enabled registrations for SJC-branded gold purchases on their websites.
Top 10 reputable commercial banks for 2024 unveiled

Top 10 reputable commercial banks for 2024 unveiled

The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.
Settlement of weak banks remains tough

Settlement of weak banks remains tough

According to the SBV, current policies and financial resources to handle weak banks still have many inadequacies, obstacles and time-consuming procedures.
Big4 banks and SJC sell gold bars directly to customers today

Big4 banks and SJC sell gold bars directly to customers today

This strategic move aims to promote market stability and ensure a balanced gold market, rather than pursue profit motives.
Old loans must endure higher interest rates temporarily: SBV

Old loans must endure higher interest rates temporarily: SBV

While new loans have been issued at significantly lower rates, older loans, even for priority sectors such as mechanical engineering, must still bear high interest rates, especially during a period of economic difficulties. 
Banks and oil stocks endure a tough day, leaving with market volatility

Banks and oil stocks endure a tough day, leaving with market volatility

Wednesday witnessed a turbulent trading session as banks and oil stocks grappled with mounting pressures, resulting in a notable downturn in their performance.
SBV resumes supporting capital for commercial banks

SBV resumes supporting capital for commercial banks

The SBV on Tuesday stopped issuing bills after 16 consecutive sessions of issuing bills to withdraw a total of nearly VNĐ171.7 trillion out of the banking system.
Garmin bolsters ties with Vietnamese banks to expand contactless payments

Garmin bolsters ties with Vietnamese banks to expand contactless payments

Garmin Vietnam has announced an expansion of its collaboration with five major banks in Việt Nam, including ACB, MB, Sacombank, Techcombank, and Vietcombank. 
15 VN banks listed in Brand Finance Banking 500 2024 ranking

15 VN banks listed in Brand Finance Banking 500 2024 ranking

In the recently released ranking, Vietcombank is the Vietnamese bank with the highest brand value in 2024. Globally, Vietcombank ranks 133rd, up 4 positions compared to 2023.