Banks offer higher rates for online savings to draw clients amid COVID-19 battle

To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings by up 1.4 per cent higher than over-the-counter deposits.

Banks slash fees for interbank fund transfers Thirty seven commercial banks have confirmed the reduction of the fees for interbank fund trasfers following the move of the National Payment Corporation of Việt Nam (NAPAS) to halve the switching fees for local banks from Wednesday.

Companies encourage people to stay safe at home by offering online transactions Companies in various sectors are seeking to help people limit physical contact with others, not use cash or leave home as the COVID-19 epidemic rages.

Banking human resources change in Industry 4.0 The fourth industrial revolution (Industry 4.0) has a great impact on the human resources of the banking sector, according to the general director of Việt Nam Prosperity Joint Stock Commercial Bank (VPBank).

BIDV clears bad debts at VAMC The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Việt Nam Asset Management Company (VAMC), the bank’s chairman Phan Đức Tú said.

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.

Seventeen banks slash interbank transfer fees from Tuesday

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VNĐ500,000 (US$22) following the move of the National Payment Corporation of Việt Nam (NAPAS) to cut switching fees with an aim to promote cashless payments.

Banks speed recruitment to meet expansion plans Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020.

2020 promises to be seminal year for banking sector

Large mergers and acquisitions deals, an explosion in digital banking and the listing of several banks’shares on the stock market are among the key events expected this year in the financial sector.

Twelve banks clear all bad debts at VAMC Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC).