Vietnamese banks take advantage of digital era

Việt Nam has seen a digital wave in the finance-banking industry, with many banks investing significantly into the segment, experts said at a conference on Thursday.

Local banks set to expand across country in early 2018

Many banks have planned to set up more branches and transaction offices in the early days of the new year to seize new business opportunities.

Future bright for local banks

Business performance of commercial banks is forecast to continue its upward trend in 2018 after making significant improvements last year, according to a State Bank of Việt Nam (SBV) survey.

Better performance forecast for banks in H2

Business performance at commercial banks is forecast to continue its upwards trend this quarter after making some improvements in the first half of the year, a State Bank of Việt Nam (SBV) survey said.

Wages of bank employees rise Commercial bank employees received an average monthly wage last year of VND13-23 million (USVND12,929,650-1,020), up VND1-4 million against 2014, thanks to better performance.

Credit institutions asked to up lending to boost business State Bank of Viet Nam (SBV) Governor Nguyen Van Binh on Wednesday asked credit institutions to boost lending right after Tet (Lunar New Year) in a move to support businesses.

Domestic lending drops off in January Lending by January 20, 2016 declined 0.21 per cent against the end of last year, according to a report released by State Bank of Viet Nam (SBV) yesterday.

Banks see improved business climate in 2015 Business performance at banks is expected to improve significantly during the second quarter, against the same period last year, a State Bank of Viet Nam (SBV) survey said.

SBV survey predicts 14.5% credit growth Deposit and credit growth will likely accelerate in the last quarter of 2014, pushing the growth rate for deposits to 14.4 per cent and that for credit to 14.5 per cent this year.

SBV survey finds optimism among domestic banks More than 55 per cent of commercial banks had expected their business performance results this year to outstrip last year, while 14.1 per cent held the opposite opinion.