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Vietnam banks

Credit institutions expect to enjoy 2 per cent VAT cut next year

Credit institutions expect to enjoy 2 per cent VAT cut next year

The VNBA made the move last week as, under a draft policy on VAT reduction for the first six months of next year, the credit institutions do not feature in the list of commodities and services that will receive the...
Foreign ownership regulation hinders banks from finding strategic shareholders

Foreign ownership regulation hinders banks from finding strategic shareholders

Many banks expect the participation of foreign strategic shareholders will help them increase capital and improve governance capacity and competitiveness, but the current regulations on foreign ownership ratio are making it difficult, according to experts.
Banks call for increase in foreign-owned shares limit

Banks call for increase in foreign-owned shares limit

Vietnam Banks'' Asociation (VNBA) has been calling for an increase to foreign-owned shares limit in Vietnamese commercial banks, starting with those who have implemented Basel II successfully and are on their way to upgrade to Basel III. 
Detailed policies needed to help firms get loans

Detailed policies needed to help firms get loans

Many businesses suggested more detailed policies should be issued to help them access bank loans as there remain difficulties in lending.
Pandemic spurs digital banking transformation, helps create new services

Pandemic spurs digital banking transformation, helps create new services

The pandemic has forced the banking sector to speed up digitalisation and contactless banking. 
Vietnam Banks Association urges Visa, Mastercard to reduce fees

Vietnam Banks Association urges Visa, Mastercard to reduce fees

The Vietnam Banks Association (VNBA) has urged international card organisations Visa and Mastercard to reduce several types of fees on Vietnamese banks amid the fourth wave of COVID-19 pandemic in Viet Nam.
Commercial banks urged to meet rate cut commitments

Commercial banks urged to meet rate cut commitments

The State Bank of Vietnam (SBV) has requested commercial banks to reduce lending interest rates as per previous commitments. 
Banks up rates on certificates of deposit to more than 9%

Banks up rates on certificates of deposit to more than 9%

Banks have surged their interest rates on certificates of deposit (CDs) sharply, bringing them in excess of 9 per cent per year with the aim of mobilising long-term capital.
State banks ask for Govt support to raise capital

State banks ask for Gov’t support to raise capital

Four large State-owned banks this week asked the Government to allow them to either retain their profits or pay dividends in shares rather than cash until 2020 to raise capital, enabling them to meet Basel II standards as required by...
HDBank wins Vietnam Outstanding Banking Award for 2018

HDBank wins Vietnam Outstanding Banking Award for 2018

Its constant efforts to innovative and diversified products and services and offer optimal financial solutions have fetched the HCM City Development Joint Stock Commercial Bank (HDBank) the “Vietnam Outstanding Banking Award” for 2018 from IDG Vietnam and the Vietnam Banks...
Banks hit 25-30% of profit goal

Banks hit 25-30% of profit goal

Many banks were estimated to meet 25-30 per cent of their annual profit targets by the end of March, although the first quarter is usually the most sluggish for banks.
Is it time to hike interest on dollar deposits?

Is it time to hike interest on dollar deposits?

The higher dollar interest rate has caused many people to keep their money in the US instead of remitting it to Viet Nam, where the interest rate on dollar deposits is zero per cent.
Central Bank hints at rate cut

Central Bank hints at rate cut

Credit rose 8.54 per cent by July 29 against late last year while mobilised capital surged 9.94 per cent, the State Bank of Viet Nam reported yesterday.
Banks report higher profits in H1

Banks report higher profits in H1

Some banks have reported good business performance results in the first half of the year thanks to high credit growth.
Experts warn of new bad debts

Experts warn of new bad debts

Experts are concerned about new non-performing loans rising significantly while the Viet Nam Asset Management Company (VAMC) still has to devise radical measures to resolve bad debts acquired from banks.