Banks cut priority loan interest rates

Soon after the US announced a 0.25 per cent cut in the benchmark interest rate on July 31 seven Vietnamese banks, including State-owned lenders, announced a cut in interest rates on đồng loans of at least 0.5 per cent to firms in the Government’s priority sectors.

Banks keen on green projects The State Bank of Việt Nam (SBV)’s latest survey of credit institutions (CIs) in the field of green growth and green credit released recently showed that the awareness of CIs on green credit has improved significantly.

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.

Good short-term effects for Việt Nam after Fed's rate cut The US Federal Reserve’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyễn Trí Hiếu.

HDBank wins Asian Banking and Finance award for VN’s best domestic retail bank

HDBank won the award for ‘Domestic Retail Bank of the Year for Vietnam’ at Asian Banking and Finance Retail Banking Awards in Singapore last week.

Foreigners still permitted to make term deposits at Vietnamese banks1

Resident and non-resident foreigners in Việt Nam are still permitted to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers, the State Bank of Việt Nam has said.

Foreign finance institutions step up expansion plans in Việt Nam

The competition in the Vietnamese finance and banking market has become fiercer as existing foreign institutions are rushing to increase capital even as new entrants continually join the market.

Credit growth expanded 7.33% in H1 2019: SBV Governor The credit growth of Vietnamese banks in the first half of this year expanded by 7.33 per cent against the end of 2018, Governor of the State Bank of Việt Nam (SBV) Lê Minh Hưng said.

Gold prices soar to 6-year high on geopolitical factors, weak dollar In the last one month gold prices have jumped by over VNĐ3 million per tael, or 1.2 ounces, to reach their highest levels in many years.

Vietnamese banks to seek capital in international markets Vietnamese banks are planning to raise capital in international bond markets as they face growing pressure to hike capital to satisfy Basel II standards by early next year.