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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 > 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.

Vietnam > Finance

PM appoints chairman of State capital management committee

10/02/2018 14:56 | 0 comments

Prime Minister Nguyen Xuan Phuc signed a decision on Thursday to appoint Nguyen Hoang Anh to the post of chairman of the special committee to manage State capital at enterprises.

Vietnam > Finance

SeABank general director resigns

10/02/2018 14:55 | 0 comments

Nguyen Canh Vinh stopped assuming the position of general director of Southeast Asia Joint Stock Commercial Bank (SeABank) from February 8.

Vietnam > Finance

Life sentence upheld for banker who embezzled $51m

10/02/2018 14:52 | 0 comments

The Supreme People’s Procuracy on Friday upheld the life sentence given two years ago to Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the HCM City branch of VietinBank, for swindling customers out of nearly VND1.085 trillion (US$51 million).

Vietnam > Finance

Tax departments collect $4.4b in January

09/02/2018 16:50 | 0 comments

Tax collection to the State budget was estimated at VND99.5 trillion (US$4.4 billion) in January, according to a report by the General Department of Taxation.

Vietnam > Finance

US dollar devalued against dong despite global rise

09/02/2018 08:55 | 0 comments

 Domestic commercial banks on Thursday continued devaluing the US dollar against the Vietnamese dong for the second consecutive session, despite a rise of the greenback in the global market.

 
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