Tags

Vietnam banking

Innovative banking drives CASA recovery to 20 per cent threshold

Innovative banking drives CASA recovery to 20 per cent threshold

In 2024, the Current Account Savings Account ratio in Việt Nam’s banking sector rebounded from its lowest point and stabilised at around 20 per cent.
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.
Removing barriers to consumer loans an effective way to combat loan sharks

Removing barriers to consumer loans an effective way to combat loan sharks

Removing barriers to consumer loans remains one of the most effective methods to combat loan sharks, heard participants at a seminar in Hà Nội on Tuesday.
Banking industry takes on economic challenges

Banking industry takes on economic challenges

The banking system still has to mainly provide capital for the whole economy as the country’s capital market is still inadequate
Central bank to raise credit limit, banks slash interest rates

Central bank to raise credit limit, banks slash interest rates

The central bank said local banks that meet liquidity requirements and offer low-interest rates for loans are qualified for the new policy, citing more favourable conditions and system-wide improved liquidity.
SeABanks strong impression in the first nine months of 2019

SeABank's strong impression in the first nine months of 2019

According to the State Bank of Vietnam, the banking sector’s business performance in the first nine months of 2019 has been continuously improved with results in terms of profits and credit growth. Besides such positive indicators, many banks also made a...
Conference hails Viet Nam fintech potential

Conference hails Viet Nam fintech potential

Viet Nam is a promising market for fintech companies thanks to its young demographic, strong e-commerce growth, and growing smartphone and internet penetration, a conference heard in HCM City on Thursday.
Postive changes made to resolve bad debt

Postive changes made to resolve bad debt

The banking sector had made considerable headway into settling bad debt, restructuring credit institutions and developing the banking system two years since the National Assembly issued a resolution on the industry.
Banking sector earnings growth expected to ease in 2019

Banking sector earnings growth expected to ease in 2019

Viet Nam’s banking sector earnings growth is likely to moderate this year following a sterling year in 2018 due to expected slowing of loan growth to 13 per cent, experts forecast.
Cashless payment needs a boost in rural areas

Cashless payment needs a boost in rural areas

Viet Nam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.
Vietnam Banking Report 2018: Amidst earnings announcement, concerns about capital adequacy remain

Vietnam Banking Report 2018: Amidst earnings announcement, concerns about capital adequacy remain

In the first half of 2018, the Vietnamese banking sector enjoyed VND35.5 trillion (US$1.53billion) in net profit, equivalent to 64 per cent of the previous year.
Banks optimistic about growth rate this year

Banks optimistic about growth rate this year

The banking sector is optimistic about its growth prospect in 2018 as all of surveyed banks expects the growth rate to be more than 10 per cent.
Reforms should ease credit access

Reforms should ease credit access

More efforts should be made to boost administrative reform in the banking system to further facilitate access to credit for micro, small and medium enterprises.
Moodys shows optimism about bad debt resolution in VNs banks

Moody's shows optimism about bad debt resolution in VN’s banks

Some Vietnamese banks have made meaningful progress in the resolution of legacy problem assets, a positive credit for the sector, Moody’s said on Monday.
Loans to trade, services sector hit US176.2 billion in 2017

Loans to trade, services sector hit US$176.2 billion in 2017

Outstanding loans to the trade and services sector last year rose by 19 per cent against the end of 2016 to nearly VND4 quadrillion (US$176.21 billion), the State Bank of Vietnam reported.