Sunday, 23 Sep 2018
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ECONOMYBANKING & FINANCE
Friday, 21 Sep 2018, 15:36
Vietcombank, Vietnam's largest lender by market value, is allowed to increase its charter capital from VND35.97 trillion (US$1.55 billion) to VND39.57 trillion (US$1.7 billion) by selling 10% stake to foreign investors.
Friday, 21 Sep 2018, 15:23
The process plays a key role towards rapid, inclusive and sustainable development of Vietnam's financial sector.
Friday, 21 Sep 2018, 06:51
The difference between M2 growth and credit growth fell from VND238 trillion (US$10.24 billion) as at June 20, 2018 to only VND124 trillion (US$5.33 billion) August 22, 2018.
Thursday, 20 Sep 2018, 08:36
Favorable stock market and positive economic growth have helped large banks to step up divestment from other peers to meet the central bank’s regulation on holding shares at other credit institutions.
Wednesday, 19 Sep 2018, 08:15
The central bank has proposed issuing detailed regulations on foreign shareholding limit in the country’s fintech firms to better manage the nascent financial services sector.
Sunday, 16 Sep 2018, 06:31
In 2018, inflation is estimated at 4% year-on-year, the highest level since 2014.
Thursday, 13 Sep 2018, 14:10
The banking industry will have to work hard to reduce the ratio of non-performing loans (NPLs) – including both NPLs owned by credit institutions and the Vietnam Asset Management Company (VAMC) – from the current 6.6 percent to below 3 percent in 2020.
Wednesday, 12 Sep 2018, 07:00
Securing long-term finance is considered a common challenge for Vietnamese banks, CafeF reported.
Tuesday, 11 Sep 2018, 11:12
The State Bank of Vietnam (SBV)'s approval is a major step creating necessary legal framework for the merger of two banks, which is scheduled to be completed by the end of 2018.
Tuesday, 11 Sep 2018, 08:56
Considering Vietnam’s finance and banking market lucrative, many financial institutions have enlarged their projects in the country based on their sharpened competitiveness in strategic business areas.
Monday, 10 Sep 2018, 17:10
In August, Vietnamese government signed a loan agreement worth US$150 million, taking the total number of loan agreements in eight months to 10 with a value of US$1.13 billion.
Sunday, 09 Sep 2018, 07:03
Vietnam recorded budget overspending of VND1.7 trillion (US$72.69 million) by the end of August, compared to a year-to-date deficit of VND6 trillion (US$257.45 billion) recorded 15 days earlier.
Saturday, 08 Sep 2018, 14:33
The purposes are to extend the maturity of government bonds and diversify investors in the government bond market, stated the Ministry of Finance (MoF).
Saturday, 08 Sep 2018, 12:24
As Vietnamese banks were given credit quota since the beginning of the year, only Tien Phong Bank (TPBank) and Ho Chi Minh Development Bank (HDBank) have filled up their credit quota.
Thursday, 06 Sep 2018, 12:56
The use of illegal foreign electronic wallets is considered a form of tax evasion, causing losses to the state budget.
Thursday, 06 Sep 2018, 11:12
The total capital shortfall of Fitch-rated banks could increase to US$6.5 billion if they were to also raise their allowance coverage to 5.0% of gross loans and Vietnam Asset Management Company (VAMC) special bonds, from 2.3% at end-2017.
Tuesday, 04 Sep 2018, 07:55
This would result in a state budget deficit of VND222 trillion (US$9.53 billion), or 3.6% of GDP, VnEconomy reported.
Friday, 31 Aug 2018, 12:13
Despite the credit growth limit, it is vital to ensure sufficient capital for business and manufacturing with stable interest rates, stated Mai Tien Dung, minister and chairman of the Government Office.
16th meeting of Council for Promoting Tourism in Asia officially opens
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