Banks’ diversified income sources protect profits amid epidemic

On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.

HDBank wins best green credit financing award HDBank has been named the bank with the best green credit financing and the best customer service in 2019 by Vietnam Economics Times.

Four bank shares to gain maximum 68 per cent in 12 months: JP Morgan

The New York-based financial institution said in its research that the Vietnamese banks “offered an increasingly rare combination of high and self-sustaining earnings growth."

Banks offering more and more free deals This is a far cry from two years ago, when charges were placed on electronic services in a bid to increase bank revenue.

HDBank pre-tax profit up record 51 per cent in third quarter The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has reported impressive results in the third quarter of the year, with pre-tax profits increasing by a record 51 per cent year-on-year to over VNĐ1.23 trillion (US$53.4 million).

Bad debts on the rise in H1 2019

Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business segments.

HDBank reports record profit The HCM City Development Joint Stock Commercial Bank, or HDBank, has reported a record pre-tax profit of VNĐ2.211 trillion (US$95.36 million) for the first half of the year.

VPBank posts 44 per cent increase in pre-tax profit Figures released from the bank showed its revenue in the second quarter of the year rose by 11 per cent to VNĐ8.86 trillion.

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.

Tightened monetary policy forecast for Q4 2018

The State Bank of Việt Nam (SBV) will likely continue its tightened monetary policy in the remaining months of the year after its decision to strictly control lending to high risk sectors in the third quarter didn’t adversely affect the country’s economic growth, according to experts.