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.

Bancassurance becomes main service earner for banks Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.

VIB launches two new packages, gives away gold rewards According to VIB, Sapphire and Gold package users will have these fees waived for an initial three months.

Vietbank to make UPCoM debut on July 30 Việt Nam Thương Tín Joint Stock Commercial Bank (Vietbank) will debut on the Unlisted Public Company Market (UPCoM) with more than 419 million shares on July 30.

VN stocks to struggle amid mixed corporate earnings The ongoing earnings season has created a divergence among groups of stocks and could derail the market from its short-term uptrend.

VN stocks may keep rising, driven by corporate earnings As corporate earnings are predicted to rise in the second quarter and first six months of the year, investors may return to the Vietnamese stock markets and lift local shares.

Banks short of credit growth quota for remaining months of 2019 Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Việt Nam (SBV).

Maritime Bank approved to implement Basel II standards The State Bank of Viet Nam has approved Maritime Commercial Joint Stock Bank (MSB) to apply the Basel II standards, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.

High profits lead to stiff competition in credit card market Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment.