Increasing access ability to capital through electronic lending method

Increasing access ability to capital through electronic lending method

VCN - Circular No. 06/2023/TT-NHNN amending and supplementing a number of articles of Circular 39/2016/TT-NHNN dated December 30, 2016 of the State Bank of Vietnam on regulations on lending activities has added a separate section for lending activities by
Five banks earned profits of more than 10 trillion VND in H1

Five banks earned profits of more than 10 trillion VND in H1

Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.
Law needed to ensure banks can repossess collateral on bad debts

Law needed to ensure banks can repossess collateral on bad debts

It is necessary to create a synchronous and breakthrough legal framework to deal with bad debts in order to achieve more positive results as the work is facing many challenges, according to experts.
Banks cut rates for new loans amid low capital demand

Banks cut rates for new loans amid low capital demand

Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
Vietnam Report announces Top 10 prestigious banks

Vietnam Report announces Top 10 prestigious banks

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2023, which is its annual activity to recognise efforts to develop the prestige and brands of the financial-banking sector.
Top 50 prestigious public companies in 2023: Shooting stars and unpredictable forecasts

Top 50 prestigious public companies in 2023: Shooting stars and unpredictable forecasts

VCN - In the first 4 months of 2023, Vietnam's stock market struggled and differentiated, continuously increasing and decreasing. By the end of April, the VN-Index decreased compared to the previous month.
Banks advised to pay attention to liquidity when large savings mature

Banks advised to pay attention to liquidity when large savings mature

Banks will have to exercise caution to ensure stable liquidity when trillions of Vietnamese dong in savings deposits reach their maturity dates over the next few months, according to experts.
Enterprises seek ways to recover

Enterprises seek ways to recover

VCN - Amid difficulties, many enterprises are trying to maintain production activities and regain growth momentum with solutions such as prioritizing restructuring on production lines, converting to green production, diversifying products, and shifting to
Charter capital of banks to increase sharply in 2023

Charter capital of banks to increase sharply in 2023

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.
Many banks planning move to HoSE

Many banks planning move to HoSE

Banks, including VietBank (VBB) and Việt Capital Bank (BVB), are expected to transfer from UpCOM exchange to the Ho Chi Minh City Stock Exchange (HoSE).
Banks set a lot of "ambitions" with the goal of credit growth

Banks set a lot of "ambitions" with the goal of credit growth

VCN - After two times of lowering the operating interest rate from the management agency, the deposit interest rate has dropped quite sharply, helping to create the expectation that the lending interest rate will go down, thereby stimulating a credit incr
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Enterprises’ worry is being in the debt group for banks

Enterprises’ worry is being in the debt group for banks

Many domestic enterprises are facing the situation of not being able to repay bank loans despite being supported with restructuring
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Lifting the challenge of capital for businesses

Lifting the challenge of capital for businesses

VCN - The State Bank (SBV) has granted the first credit growth limit (room) in 2023 to a number of banks, ranging from 9-13.5%, which enables businesses to access production and business activities more efficiently.
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