Bank loans rise despite pandemic Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Đào Minh Tú said.

SmartNet receives “Vietnam Outstanding Fintech Award 2020" SmartNet Company Limited (Co., Ltd), the owner of SmartPay E-Wallet, received the "Vietnam Outstanding Fintech Award 2020" on November 26, along with Moca and Momo e-wallets.

Sacombank offers gifts for FX transactions

Sacombank proudly introduces the promotion programme ‘Increasing Sales - Receiving Gifts’ for foreign exchange trading businesses with total prizes of nearly VNĐ1 billion (US$42,924).

Banks eye post-pandemic business opportunities Experts have forecast that credit demand will increase faster in the coming months as production and business activities in the country return to a normal pace

Banks’ profits from foreign exchange trading dwindling One thing that stands out in many banks’ third quarter reports is the sharp drop in profits from foreign exchange trading activities.

Banks urged to prepare for new financial reporting standards

Under the draft IFRS roadmap released recently by the Ministry of Finance, IFRS implementation will become compulsory for the consolidated financial statements of all State-owned enterprises, listed companies and large-scale unlisted public companies after 2025.

Vietnamese banks face challenges in digital banking transformation Vietnamese banks are facing challenges of network security, customer trust and legal framework during digital transformation in banking, experts said at a conference in HCM City yesterday.

Lotte Finance admitted to Vietnam Banking Association

Lotte Vietnam Finance Company Limited (Lotte Finance) has become the first Korean financial institution to become an official member of the Việt Nam Banking Association (VBA).

Vietnam Banking Report 2018: Amidst earnings announcement, concerns about capital adequacy remain

In the first half of 2018, the Vietnamese banking sector enjoyed VNĐ35.5 trillion (US$1.53billion) in net profit, equivalent to 64 per cent of the previous year.

20% ceiling interest rate question remains open The Civil Code (revised), adopted by the National Assembly on November 24, states that negotiated interest rates must be controlled under 20 per cent per year, excluding loans stipulated in other laws.