Refinitiv Celebrates Achievements of Vietnam’s FX Community Refinitiv Celebrates Achievements of Vietnam’s FX Community

Despite lower interest rates, people still put money in banks

Though the deposit interest rates of commercial banks have been reducing, people are still putting their money into banks amid the pandemic.

Banks step up bad debt resolution Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic.

Shares plummet on GDP growth record low and surges in COVID-19 fatalities Local shares tumbled on Monday as the second-quarter GDP growth record low and the relentless spread of the coronavirus hit market sentiment.

Firms review annual meeting schedules under pressure of coronavirus

Several companies have put annual shareholders’ meeting on hold on worries about the spread of coronavirus pandemic.

HNX collects over VNĐ10.8 trillion in auctions

The total value of shares auctioned by the Hà Nội Stock Exchange (HNX) since the beginning of 2018 has reached over VNĐ10.8 trillion (US$463 million), according to the northern stock bourse regulator.

Cashew businesses lack capital to continue operation

Shortage of capital is hampering the operation of many small cashew factories in Việt Nam, according to the Vietnam Cashew Association (VINACAS).

Two Eximbank staff arrested

 The investigative police unit of the Ministry of Public Security yesterday searched the Hồ Chí Minh branch of the Vietnam Export Import Bank (Eximbank) and arrested two bank staff.

Banks set dates for 2018 AGMs

After gaining positive business performance last year, many banks have planned to hold annual general meetings (AGMs) for 2018 soon.

Interest rates rising, banks stablising

A number of commercial banks have been increasing promotional rates for long-term deposits by 0.1 to 0.2 per cent per annum, along with issuing additional certificates of deposit, in an attempt to safely restructure their reserves, said Vương Duy Lâm of the National Institute for Vietnam Finance under the Ministry of Finance.