Banks raise certificates of deposit rates to more than 10% Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 per cent per year with the aim of mobilising long-term capital.

Banks dominate corporate bond market in first seven months of 2019 Banks have been the main player in the corporate bond market so far this year, with eight of the top 10 biggest issuers being financial institutions.

Banks dominate corporate bond market in first seven months of 2019 Banks have been the main player in the corporate bond market so far this year, with eight of the top 10 biggest issuers being financial institutions.

2,200 footwear workers left hanging after company's director flees VN

City authorities promised to protect the rights and benefits of more than 2,000 workers of the Taiwan-invested footwear manufacturer KaiYang in Hải Phòng after the company’s director-general fled the country on Sunday.

Hà Nội Railway launches online payment service

The Hanoi Railway Transport JSC (HARACO) and e-wallet and online payment gateway NganLuong.vn signed an agreement on August 6 to offer online booking and payment services for railway tickets.

HARACO launches online payment service through NganLuong.vn

Hà Nội Railway Transport JSC (HARACO) and e-wallet and online payment gateway NganLuong.vn signed an agreement on Tuesday in Hà Nội to offer online booking and payment services for railway tickets.

Việt Nam-Japan promote co-operation in many sectors Vietnamese BRG Group, VNPT Group, Japanese Sumitomo Group and Vietnamese Seabank on Monday were granted co-operation agreements in fintech, developing smart cities and other projects on the occasion of Prime Minister Nguyễn Xuân Phúc’s participation in the 14th G20 Summit in Japan. 

Banks offer free services to lure customers

Free transactions help customer reduce significant monthly fees and makes them feel comfortable in using the services

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Việt Nam (SAV).

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese đồng with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.