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.
Cambodia-Thailand cross-border QR (Quick Response) code transactions have risen significantly since the central banks launched their transnational QR code payment system in 2020.
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.