MIC launches PayGov to upgrade national public portal The Ministry of Information and Communications (MIC) launched a national payment support gateway (PayGov) yesterday in Hà Nội in the latest move to boost e-government in Việt Nam.

Moody’s maintains ratings for BIDV1

Moody’s has announced to maintain the ratings of the Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV).

SeABank completes all three Basel II pillars The completion of its Internal Capital Adequacy Assessment Process (ICAAP) means the bank joins an elite group of just five Vietnamese banks that have achieved all three Basel pillars. 

Total assets of banks in Việt Nam stand at $522 billion Total assets of credit institutions and foreign banks in Việt Nam by the end of the first quarter of this year inched down to VNĐ12.48 quadrillion (US$521.76 billion) compared with the end of last year.

Techcombank raises US$500 million in its inaugural syndicated offshore loan facility Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) received full disbursement of its inaugural US$500 million syndicated loan facility (the Facility).

Credit institutions recover nearly $1.2b of bad debts in Q1 2020 Credit institutions in Việt Nam settled more than VNĐ26.94 trillion (US$1.17 billion) of non-performing loans (NPLs) in the first quarter of this year.

Mobile money pilot project submitted to PM for approval

A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Việt Nam, Governor of the State Bank of Việt Nam Lê Minh Hưng said at the dialogue between the PM and the business community on Saturday.

Banks urge Visa, Mastercard to reduce fees The Việt Nam Banks Association has urged international card organisations to reduce several types of fees on Vietnamese banks in the context that the COVID-19 pandemic negatively affected their card businesses.

Vietnamese banks' rating outlooks lowered on COVID-19 impact

Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Việt Nam to Stable from Positive, and the outlooks for two joint stock commercial banks to Negative from Stable.

Gold prices soar, dollars fall

All big gold firms and smaller gold shops across the country have been closed from April 1 due to social distancing regulations.