Total assets of commercial banks under state ownership accounted for 42.7% of the total in the banking sector, followed by joint stock commercial banks with 41.6%.
Over the past year, Vietnam’s customs and tax authorities have taken steps to reform administrative procedures, improve the business environment and help enterprises perform their integration commitments in the most efficient manner.
By the end of 2025, Vietnam targets to have at least 80% of adults in the country to have bank accounts and the number of non-cash transactions to expand 20 – 25% annually.
Techcombank has reported a 20 percent year-on-year surge in 2019 consolidated pretax profits to more than VND12.8 trillion ($552.8 million).
Banks, ATMs, and online banking systems have been overloaded towards the end of the Lunar New Year, forcing customers to wait long hours.
Tax revenue last year exceeded the General Department of Taxation’s (GDT) 2019 revenue collection plan by more than 23 per cent, or $530 million, the GDT’s 2019 Results and 2020 Implementation Plan report said on Tuesday.
Malaysian-owned Cambodian Public Bank (Campu Bank) on Wednesday was granted a licence to act as Cash Settlement Agent (CSA) at the local stock market.
Remittances sent to Viet Nam through banks in 2019 exceeded US$2.5 billion, up by 12 per cent compared with the previous year.
The dong could average slightly lower this year to VND23,475 per dollar down from VND23,230 per dollar in 2019, according to Fitch Solutions.
Viet Nam Prosperity Joint Stock Bank (VPBank) announced a record 2019 consolidated pre-tax profit of VND10.3 trillion (US$445 million), exceeding 9 per cent of the yearly plan and up 12.3 per cent compared to 2018.