commercial banks

Behind the impressive net profit growth in the fourth quarter of 2023

15:18 | 06/03/2024 Import-Export

There are still many points that need to be considered more carefully such as revenue that has not increased correspondingly, gross profit margin sharply decreased, and abnormal profit increases sharply.

The bad debt ratio has increased, putting pressure on banks

08:42 | 03/03/2024 Finance

According to the summary of 2023 business results of 28 listed banks, the total volume of bad debt by the end of 2023 increased by more than 40% compared to 2022, to nearly 195,000 billion VND.

It is necessary to improve the financial capacity of four state-owned commercial banks

14:41 | 09/11/2023 Import-Export

VCN - Facing with the current situation of the economy's capital needs and ensuring the safety of the banking industry, improving the financial capacity of state-owned commercial banks always needs to be done.

Commercial banks invest VND 15,000 billion in digital transformation

14:51 | 31/08/2023 Finance

VCN - In addition, about fourty banks have opened payment accounts for customers with about 11 million accounts via eKYC method; About 20 banks opened card payment accounts for customers through eKYC with the amount of 10.8 million.

Commercial banks invest nearly 630 million USD in digital transformation: SBV

17:05 | 22/08/2023 Finance

Commercial banks in Vietnam have invested a total of 15 trillion VND (629.7 million USD) in digital transformation, heard an online seminar on ensuring security and safety for e-payments in the digital era held on August 21.

The State Treasury expands budget collection coordination, creating the most favorable conditions for businesses and people

13:23 | 13/07/2023 Finance

VCN - According to the State Treasury, in the first 6 months of the year, the State Treasury opened 187 more specialized collection accounts, expanding the coordination of state budget collection with 16 commercial banks.

Commercial banks have simultaneously reduced deposit interest rates, expecting to stimulate credit demand

10:09 | 11/04/2023 Import-Export

On April 3, 2023, the interest rates ceiling for non-term and term deposits under 6 months according to the new regulations of the State Bank of Vietnam (SBV) have been applied

Reduce operating interest rates to promptly support businesses

10:11 | 28/03/2023 Finance

For the first time in two years, the State Bank of Vietnam (SBV) has decided to cut some operating interest rates from 0.5-1%. According to experts, this is a very flexible and timely decision.

Ensuring the stable development of the real estate market

10:15 | 25/03/2023 Import-Export

VCN - The Government has just issued Resolution No. 33/NQ-CP dated March 11, 2023 on a number of solutions to remove and promote the safe, healthy and sustainable development of the real estate market. The Government requires regular monitoring and eff

Which solution to open capital flow?

17:45 | 18/12/2022 Finance

In recent days, the story of extending credit growth limits to "save" liquidity for the economy has been exciting. Naturally, therefore, a flexible operating mechanism is what businesses always want.

If the exchange rate is not flexible enough, it will be difficult for imports and exports to compete

18:25 | 27/10/2022 Import-Export

State Bank's decision to adjust the spot exchange rate band between USD and VND from ±3% to ±5% is consistent with the goal of stabilizing the foreign exchange market

Banks race to raise charter capital

09:17 | 02/09/2022 Finance

A number of banks have been approved by the State Bank (SBV) to increase charter capital as well as plan to increase charter capital in the near future.

VAT refund for foreigners at the store has not been stipulated by law

12:01 | 20/08/2022 Regulations

VCN – At the proposal of the National Assembly Deputies of Lam Dong province on regulations on VAT refund for international tourist and overseas Vietnamese at the store to encourage spending, the Ministry of Finance said Vietnam's law does not have regula

The banking sector continues to promote system restructuring and bad debt handling

15:58 | 17/08/2022 Finance

The financial potential of the entire credit institution system in Vietnam is still low, so the SBV has continued to issue an action plan on restructuring the system associated with bad debt settlement in 2021-2025.

What pressure is being put on the "shoulders" of banks?

13:48 | 20/06/2022 Finance

According to Dr. Nguyen Quoc Hung, General Secretary of the Vietnam Bankers Association (VNBA), 70% of collateral for loans at banks is real estate, if this market "freezes", banks will be greatly affected.