Local banks earn high profits from bancassurance activities

Local banks earn high profits from bancassurance activities

Local credit institutions are enjoying a rise in bancassurance activities with more exclusive deals coming, according to industry insiders.
Local banks earn high profits in Q1

Local banks earn high profits in Q1

In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders.
Europe firms may purchase 49 percent in local banks

Europe firms may purchase 49 percent in local banks

The Vietnamese Government may allow European financial firms to buy up to 49 percent of only two local commercial banks Nguyen Thi Thu Trang Director of the WTO Integration Centre at the Vietnam Chamber of Commerce and Industry said on October 23
After delays, local banks eye listing this year

After delays, local banks eye listing this year

Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year
Local banks seek approval for rise in credit growth limit

Local banks seek approval for rise in credit growth limit

Many commercial banks in Vietnam requested the country central bank to expand their credit growth limit as they have nearly used up their assigned quota for the entire calendar year in the first half of 2017
Local banks perform well in first half of the year

Local banks perform well in first half of the year

Commercial banks have performed well in the first half of 2017 H1 and business results show that many have already met more than half their annual profit targets
Local banks recovering from a long slump

Local banks recovering from a long slump

Since the beginning of this year the shares of many banks have appreciated significantly, with the increases ranging from 8% to even 80 %.
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