The State Bank of Vietnam (SBV) may further reduce its policy interest rate if the Fed’s monetary policy reverses in the second half of this year, according to analysts from VNDirect Securities Company.
Construction Bank (CB) is reaping rewards as it embarks on its ninth year of restructuring, poised to undergo a compulsory transition into becoming a subsidiary of Vietcombank.
Vietbank, in partnership with Vidiva Technology JSC and Mastercard, unveiled its strategy to expand the EMV Open-Loop payment system for city buses in Ho Chi Minh City on June 5, signifying an intention to enhance the experience of the city's public transportation for passengers
Banks will have to exercise caution to ensure stable liquidity when trillions of Vietnamese dong in savings deposits reach their maturity dates over the next few months, according to experts.
Banks expect to rely more on non-interest income sources in the face of the credit expansion slowdown and challenging business environment to see any considerable profit growth this year.
It is critical to improve the quality of insurance agents and consultants to consolidate trust of insurance buyers and bring the life insurance market back on track, experts said.
Banks have been reportedly finding luxury cars and villas difficult to liquidate, even after significantly reducing their prices in an effort to attract buyers, according to industry insiders.
The Australian insurtech startup made inroads into Vietnam's agricultural insurance sector, aiming to insure farmers against Southeast Asia's volatile weather.
Vietnam Construction Bank (CB) is expected to become a subsidiary of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) by the end of this year at the earliest, a top CB executive confirmed at a press briefing on Monday afternoon.
New insights have been revealed into the sustainable debt market in Vietnam and ASEAN more broadly, showing diversification and government support for sustainable finance.