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Crypto market poised to explode as the Government inches closer to legalise digital asset exchange

Central bank tightens lending for property sector

To take effect on January 1, the new Circular No 22 issued by the State Bank of Việt Nam focuses on two changes that will tighten banks’ lending to the property sector.

Central bank brings cheer to businesses ahead of festive season with rate cuts

The central bank’s decision to lower the interest rates by 0.2-0.5 percentage points on November 19 is a happy augury for businesses.

Việt Nam attracts world leading hotel management brands

Japan’s Watabe Wedding Corporate recently signed an agreement with Empire Group Việt Nam to organise wedding ceremonies for 1,000 Japanese couples in the latter’s Cocobay Complex in Đà Nẵng in the next three years, and the figure is expected to increase to 16,000 in the next 10 years.

Banks’ profits from foreign exchange trading dwindling

One thing that stands out in many banks’ third quarter reports is the sharp drop in profits from foreign exchange trading activities.

Educators discuss learning in the digital era

Training modern staff with technology has become a strategy of many enterprises, according to Benjamin Bruce Davidson, an expert from Mercuri Group, which provides sales consulting training worldwide.

Bank lending interest rates to remain steady, say experts

After increasing steadily in recent times, deposit interest rates at most banks are standing at rather high levels.

Buybacks expected to perk up bank stocks

On October 10, the HCM City Development Joint stock Commercial Bank (HDBank) announced that its shareholders had approved a plan to buy a maximum of 5 per cent of its 981 million shares being traded on the market, equivalent to 49 million shares.

Basel II deadline rapidly approaching, are banks on course to meet norms?

Banks with a relatively good performance and financial situation can easily adopt Basel II standards whereas it is difficult for those facing financial difficulties.

Electronic know your customer/client holds key to digital banking

The banking sector is waiting for the State Bank of Việt Nam to allow the use of electronic know your customer/client (e-KYC).

Việt Nam enters home stretch in fight against dollarisation

From October 1 lenders including banks will not be allowed to provide medium- and long-term foreign currency loans to businesses to pay for imports. Many market observers said this is the State Bank of Việt Nam’s final step in its fight against dollarisation.

Money market loosening, despite wait for rate call

The money market is seeing the first signs of loosening though the State Bank of Việt Nam has yet to make a decision on reducing benchmark interest rates.

Banks cut priority loan interest rates

Soon after the US announced a 0.25 per cent cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on đồng loans of at least 0.5 per cent to firms in the Government’s priority sectors.

Authorities want banks to give up corporate bond addiction

The Hà Nội Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VNĐ650 billion (US$28.2 million), all of it to the Việt Nam Maritime Bank.

Red ink still dominates at State-owned enterprises

Economists said the State-owned sector’s tardy growth reveal an imbalance between business results (revenue) and investment including assets and capital used for production.

Gold prices soar to 6-year high on geopolitical factors, weak dollar

In the last one month gold prices have jumped by over VNĐ3 million per tael, or 1.2 ounces, to reach their highest levels in many years.

Securities companies begin brokerage war as Govt scraps minimum rate

Stockbrokers’ revenues are expected to fall sharply after a price war broke out among them in the wake of Circular No 128/2018/TT-BTC, which took effect last February.

Restructuring helps shipping companies turn around

Some shipping companies have stopped operating on inefficient overseas routes and are instead using their vessels domestically, significantly reducing costs.

Not many banks to pay dividends in cash, but shareholders content

At the annual general meeting of Vietnam International Bank (VIB) in HCM City on March 28, shareholders approved a dividend of 26.5 per cent for 2019, including 5.5 per cent in cash and the rest in shares.

Companies follow Government lead, set cautious growth targets

Not only enterprises but the Government too has been cautious, setting a GDP growth target of 6.6-6.8 per cent for this year as against the 7.08 per cent rate the country achieved last year.

Corporate bonds give bank deposits a run for their money

A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.