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Vietnam > Finance

Vietcombank to be among top 100 banks in Asia

23/02/2018 13:19 | 0 comments

Prime Minister Nguyen Xuan Phuc has asked the Bank for Foreign Trade of Vietnam (Vietcombank) to broaden its vision and grow to become among the largest banks in the Asian region through its newly approved restructuring plan until 2020.

Vietnam > Companies

Vietnam gov’t to sell near-30% stake at local plastic giant (BMP)

18/02/2018 20:38 | 0 comments

The government of Vietnam will offer a stake of 29.51 percent in Binh Minh Plastics (BMP) – one of the country’s biggest plastic companies – in a sale due to open on March 8 at the Ho Chi Minh City Stock Exchange (HoSE).

Vietnam > Finance

Banking sector sees bright prospects

18/02/2018 20:09 | 0 comments

As Viet Nam struggles under the weight of its bad debts, it has improved its legal framework to handle the situation. By issuing a resolution (42/2017/QH14), the first-ever on the settlement of non-performing loans (NPLs), it has adopted a pragmatic solution to handle bad debts. CEO of HSBC Bank Viet Nam, Pham Hong Hai, spoke to Viet Nam News reporter Nguyen Linh Anh about the effectiveness of the resolution.

Vietnam > Finance

Fees, retail services to be banks’ main income

18/02/2018 20:06 | 0 comments

Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands.

Vietnam > Finance

Banks take on wealth management

16/02/2018 15:19 | 0 comments

Managing the wealth of well-off people could be a pleasantly profitable business for banks this year, as the number of the rich is growing alongside the strong performance of the local economy. The development of this segment depends on legal backup from the central bank, banks’ competency and capability, and further market expansion.

Vietnam > Finance

Banks battle Tet ATM overload

10/02/2018 14:59 | 0 comments

As demand for cash withdrawals at ATMs doubles or triples around the Vietnamese Tet holiday, banks are recommending customers use electronic payment or scan their cards at POS machines or use quick response (QR) codes instead of withdrawing cash at ATMs.

 
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