Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital ...

VCN - According to preliminary statistics, about 20 credit institutions and foreign bank branches (CIs) have publicly announced credit programs and products with preferential interest rates.

Up to now, 12 banks have committed to reducing interest rates from 0.5-3% per year with an amount of more than VND 3,300 billion to support businesses and people.

VCN - In the analysis report of the banking industry just released, SSI Research said that the market was starting to see difficulties among companies in raising capital (and restructuring ...

VCN - The recent sharp fluctuation of the exchange has hit businesses badly due to increased costs. However, businesses still face a double whammy from liquidity and interest rates.

Modern forms of payment are becoming more and more familiar to users. Electronic payment via card and contactless payment, especially QR code, also pops up as a typical form.

The race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates.

A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.

Deposits at all banks, including the Saigon Commercial Bank (SCB), are guaranteed by the State in all cases, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong affirmed ...

Besides interest and exchange rates, non-performing loans (NPLs) are also a concern for banking activities in the remaining months of 2022, experts have warned.

The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from UK partners after ...

Banks have continued to increase the highest deposit interest rate up to 1%/year.

Dr. Nguyen Tri Hieu, a banking and finance expert shared with Customs Magazine about meeting the capital needs of businesses in the context that the economy is facing inflation.

The adjustment of credit growth targets is made on the basis of the request of credit institutions assessing their operational requirements

Limited credit growth and the tendency of deposit interest rates increase faster than lending rates are putting pressure on the net interest income (NIM) ratio.