Banks start to release business plans for 2020 Major banks are still expecting to report growth in the first quarter and for the rest of 2020 despite the disruptions caused by the COVID-19 pandemic.

Banks offer higher rates for online savings to draw clients amid COVID-19 battle

To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings by up 1.4 per cent higher than over-the-counter deposits.

Banks slash fees for interbank fund transfers Thirty seven commercial banks have confirmed the reduction of the fees for interbank fund trasfers following the move of the National Payment Corporation of Việt Nam (NAPAS) to halve the switching fees for local banks from Wednesday.

HDBank joins fight against Covid-19

Fifteen banks and a finance company have donated VNĐ140 billion (US$8.5 million) to support the fight against the Covid-19 pandemic and help people suffering from drought and saltwater intrusion in rivers around the country.

BIDV clears bad debts at VAMC The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Việt Nam Asset Management Company (VAMC), the bank’s chairman Phan Đức Tú said.

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.

Banks, fintech firms promote cashless payments during epidemic

To prevent the spread of coronavirus in Viêt Nam, customers are encouraged to adopt cashless payment methods.

Twelve banks clear all bad debts at VAMC Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC).

Prudential Vietnam in insurance distribution deal with SeABank Prudential Vietnam and the Southeast Asia Joint Stock Commercial Bank (SeABank) on Monday announced they have entered into an exclusive 20-year bancassurance partnership.

Prudential Vietnam and SeABank establish exclusive bancassurance partnership Prudential Vietnam and SeABank establish exclusive bancassurance partnership