Vietnam > Finance

Banks to make provisions for COVID-19 affected loans this year

01/23/2021 13:08

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Viet Nam (SBV).

Headlines

Vietnam > Finance

Sacombank meets all business targets set for 2020

01/23/2021 13:10

Despite many difficulties last year due to the Covid-19 pandemic, Sacombank achieved all the targets it listed at its annual general meeting last year, ensured restructuring was on track and created a solid foundation to accelerate its digital transformation.

Vietnam > Finance

Banks to make provisions for COVID-19 affected loans this year

01/23/2021 13:08

Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Viet Nam (SBV).

Vietnam > Finance

Robust economic pickup to drive stronger credit growth in 2021

01/22/2021 08:11

Real estate sales will be another key driver of credit growth, as apartment supply and sales are likely to pick up in 2021.

Vietnam > Finance

Development of consumer finance: vital to fight black credit

01/22/2021 08:04

Increasing the development of consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in HCM City on Wednesday.

Cambodia > Finance

NBC: Financial sector thrives in 2020, beats Covid-19 blues

01/22/2021 07:41

While Covid-19 crippled many linchpins of economic development over 2020, the Cambodian financial sector posted sound growth in terms of loans and deposits.

Vietnam > Finance

VPBank profits jump 26 pct

01/21/2021 14:29

Lender VPBank reported a 26 percent jump in pre-tax profit last year to VND13 trillion ($564.24 million).

Vietnam > Finance

Global finance centre reboot on the cards

01/21/2021 10:34

After long delays, Vietnam will begin implementing a plan to establish an international financial centre as a core pillar of contemporary global finance, thus putting the country’s profile onto the map.

Vietnam > Finance

Timo wins Fastest Growing and Most Innovative Digital Banking awards

01/21/2021 10:33

Timo – a leading non-conventional bank in Vietnam and beyond with a digital-first mindset and over 300,000 customers –  has achieved a remarkable double first at The Global Economics Awards categories, becoming the Fastest Growing Digital Bank and Most Innovative Digital Bank in its ongoing digital banking transformation.

Vietnam > Finance

E-payment startup GPay bags funding from South Korean investor

01/21/2021 09:16

Vietnamese e-wallet provider Gpay has received an undisclosed amount in Series A funding from South Korean listed bank KB Financial Group.

Vietnam > Finance

Vietnam’s e-wallet Gpay draws funding from S.Korean financial firm in Series A investment

01/21/2021 09:08

E-wallet firm Gpay, a member company of G-Group Technology Corporation, announced it had completed its Series A investment with the participation of KB Fina, a joint venture between G-Group and South Korean KB Financial Group, in Hanoi on Tuesday.

 

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