Vietnam > Finance

Banks pocket hefty profits in first quarter

05/06/2021 13:31

Local commercial lenders posted soaring profits in the first quarter this year, as mirrored by their newly-released first-quarter financial reports, driven by escalating interest income and a jump in earnings from services.

Headlines

Vietnam > Finance

Banks pocket hefty profits in first quarter

05/06/2021 13:31

Local commercial lenders posted soaring profits in the first quarter this year, as mirrored by their newly-released first-quarter financial reports, driven by escalating interest income and a jump in earnings from services.

Vietnam > Finance

HDBank to choose life insurer partner for upcoming exclusive bancassurance deal

05/06/2021 13:31

Ho Chi Minh City-based bank HDBank would choose a life insurer partner for an exclusive bancassurance deal, believing the deal would be of great significance in the coming time.

Vietnam > Finance

ABBANK plans to hike charter capital

05/06/2021 13:26

An Binh Commercial Joint Stock Bank plans to increase its charter capital to over VND9.4 trillion (US$408.08 million) from the current VND5.7 trillion ($247.6 million) by the end of this year.

Vietnam > Finance

Vietnam seeks avoidance as currency manipulator in future

05/06/2021 08:16

On 16 April 2021, the US Treasury Department removed Vietnam and Switzerland from their list of currency manipulators, reversing the decision taken by the Trump Administration last December.

Vietnam > Finance

Banking sector to maintain role as veins for economic growth: Party chief

05/05/2021 16:22

Monetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong.

Vietnam > Finance

FE CREDIT goes all-in on AWS to accelerate innovation

05/04/2021 20:10

Amazon Web Services, Inc. (AWS), an Amazon.com company, on April 28 announced that FE CREDIT, the largest consumer lender in Vietnam and a subsidiary of VPBank, has gone all-in on AWS, moving the vast majority of its IT infrastructure to the world’s leading cloud to respond faster to the company’s business objectives in market penetration and expansion.

Vietnam > Finance

Cash circulation necessary to stimulate economy

05/04/2021 14:05

The government had placed large sums of money into circulation to support the domestic economy during the ongoing Covid-19 pandemic.

Vietnam > Finance

Four new payment intermediaries licensed in Vietnam since 2021

05/04/2021 14:02

From the beginning of the year, the State Bank of Vietnam (SBV) has issued new licences to four non-bank payment intermediaries, showing the increasing demand by local firms to join the fintech rush.

Vietnam > Finance

Banks to serve with soaring capital needs of businesses

05/04/2021 08:23

Strong increase in capital demand has been seen as production activities of enterprises gradually showed signs of recovery, forcing banks to reschedule their lending plans.

Vietnam > Finance

Visa survey spots momentum for cashless payments

05/03/2021 20:01

Visa, the world’s leader in digital payments, has released its Consumer Payment Attitudes study in Vietnam that sheds light on how behaviour has changed during the COVID-19 pandemic towards a cashless economy. Dang Tuyet Dung, Visa country manager for Vietnam and Laos shared with VIR’s Thanh Van her insight into the report and the fast-paced change in Vietnam’s digital payment landscape.

 

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