Rubber exports are flourishing, promising potential Vietnam becomes biggest rice supplier for Singapore Measures sought to boost Vietnam - Russia digital economic cooperation
Ambitious profit goals of banks

Ambitious profit goals of banks

10:32 | 13/04/2024 Finance

VCN - Setting the target of a sharp increase in profit is VPBank. According to the draft 2024submitted to the General Meeting of Shareholders, VPBank targets consolidated pre-tax profit in 2024 to increase by 114% compared to 2023, equivalent to VND 23,16
Banks seek to attract foreign capital

Banks seek to attract foreign capital

10:50 | 09/04/2024 Finance

VCN - During the investor conference in February 2024, organized by HDBank, a spokesperson for the bank stated that the approval of the strategy to establish a representative office in Seoul (South Korea) is integral to the bank's efforts to broaden inter
Mechanisms for bolstering "bolder" and more efficient credit flow

Mechanisms for bolstering "bolder" and more efficient credit flow

08:24 | 31/03/2024 Import-Export

VCN - Banks are actively channeling credit towards the manufacturing and business sectors, always standing by to offer loans to enterprises. However, this endeavor requires additional conditions as well as coherent support from the broader economy to augm
Credit and access to credit: A problem for banks and businesses

Credit and access to credit: A problem for banks and businesses

15:24 | 19/03/2024 Finance

VCN - Since the beginning of the year until now, the Prime Minister, the Government and the State Bank (SBV) have continuously issued instructions to promote credit, but the situation of banks having excess cash and businesses lacking capital is still a c
Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

Limiting the "power" of major shareholders under the Law on Credit Institutions (amended)

13:52 | 15/03/2024 Regulations

VCN - Accordingly, regarding the ownership rate of credit institutions, the Law on Credit Institutions (amended) has stipulated a reduction in the maximum ownership rate at a credit institution from 15% to 10% of charter capital for an institutional share
Minister Ho Duc Phoc worked with Mizuho Bank

Minister Ho Duc Phoc worked with Mizuho Bank

10:21 | 14/03/2024 Finance

VCN - Speaking at the meeting, Minister Ho Duc Phoc said that the purpose of this delegation's business trip is to contribute to realizing the goals of the Joint Declaration on the Comprehensive Strategic Partnership between Vietnam and Japan which was ju
Accumulating bad debt ratio put pressure on banks

Accumulating bad debt ratio put pressure on banks

09:53 | 11/03/2024 Import-Export

VCN - According to the summary of 2023 business results of 28 listed banks, the total volume of bad debt by the end of 2023 has increased by more than 40% compared to 2022, to nearly 195,000 billion VND.
Banks are facing new challenges in 2024

Banks are facing new challenges in 2024

13:28 | 30/01/2024 Finance

VCN - Currently, banks are gradually revealing their business results for the whole year 2023. Among them, with the "big four" group of state-owned commercial banks, despite the difficult economic context, the results are recorded positive.
Interest rate management: From high rates to loosening

Interest rate management: From high rates to loosening

13:50 | 17/01/2024 Finance

VCN - In 2023, many times the leaders of the State Bank of Vietnam (SBV) had to express that: operating monetary policy has never been so difficult because of impacts from many directions. Therefore, finding a balance for monetary policy to support the ec
­­State Bank assigns credit growth target of 15% for banks

­­State Bank assigns credit growth target of 15% for banks

10:46 | 16/01/2024 Finance

VCN - The SBV said that sticking to the Resolution of the National Assembly, the direction of the Government and the Prime Minister, the SBV aims for credit growth in 2024 of about 15% and flexibly adjusts in accordance with actual developments and situat
Credit growth is facing difficulties

Credit growth is facing difficulties

17:21 | 14/01/2024 Finance

VCN - In 2023, the State Bank (SBV) will operate monetary policy flexibly, in accordance with the current state of the economy.
Bank interest rates plummet

Bank interest rates plummet

09:55 | 15/12/2023 Finance

VCN - Accordingly, the latest savings interest rate schedule at Vietcombank continues to decrease by 0.2%/year for deposit terms of less than 12 months.
Year-end credit growth problems

Year-end credit growth problems

15:18 | 11/12/2023 Finance

VCN - Due to the modest credit growth results in nearly 11 months of 2023, the State Bank (SBV) has decided to redistribute the credit "pie" with the expectation that it will help banks proactively boost lending.
Concerns about bank credit quality as bad debt increases

Concerns about bank credit quality as bad debt increases

11:01 | 11/11/2023 Import-Export

VCN - According to the newly released consolidated financial report, Vietcombank reported pre-tax profit for the first 9 months of 2023 of more than 29,550 billion VND, an increase of 18% over the same period last year.
Credit growth is slow, many banks "suffered" loss of profit in the third quarter

Credit growth is slow, many banks "suffered" loss of profit in the third quarter

09:51 | 07/11/2023 Finance

VCN - Fluctuations in the world and domestic economies are causing the third-quarter profits of many banks to decline. At the same time, banks also face difficulties when credit growth is low and bad debt increases.
    Prev         Next    
Mobile Version