Seventeen banks slash interbank transfer fees from Tuesday

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.

BIDV puts auto firm Vinaxuki up for sale to recover bad debt The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuân Kiên Auto JSC (Vinaxuki) up for auction to recover the VNĐ1.26 trillion (US$55 million) non-performing loan.

Banks speed recruitment to meet expansion plans Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020.

VN banks more open for EU investors under newly-approved trade pact Investors from the EU will have opportunities to own higher stakes in Vietnamese banks than those from other countries under Việt Nam’s commitments in the EU-Việt Nam Free Trade Agreement (EVFTA).

Shares move up but growth narrowed at the end of trading Shares maintained their upward trend on Wednesday but the gain slowly narrowed at the end of the trading as some pillar stocks lost momentum.

VN stocks rebound on bottom-fishing Shares rebounded on Tuesday after stocks dropped due to the coronavirus, prompting investors to buy in low.

VPBank named in the global 300 most valuable banking brands: Brand Finance

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) jumped 81 spots to rank 280th in the Brand Finance Banking 500 announced early this month which featured the most valuable and strongest banking brands in the world.

VN stocks bounce but risks still exist

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.10 per cent to end at 929.09 points.

Global volatilities cause Vietnamese currency to depreciate After a long period of stability, pressure from global markets has caused the Vietnamese đồng to depreciate significantly against the US dollar in the past few days.

Shares narrow losses, fewer gold buyers on the God of Wealth Day Bargain attempts of investors in the afternoon helped cushion the fall in the Vietnamese stock market on Monday amid steep decline across the Asia.