Several local banks are reportedly determined to list on stock markets in 2019 after delaying last year.
KB Kookmin Bank opened its second branch in Vietnam yesterday (February 20) as the bank strives to meet the rising needs of Korean and Vietnamese clients.
Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.
Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VND523 billion (US$22.45 million).
Digital investment has started to yield early results for VPBank, setting it on track for sustainable growth, with increased business volume to offset the investment cost and unearth new streams of revenue.
Many banks have seen their employee efficiency increase significantly, with each member of staff earning them more than VND1 billion (US$43,000) in pre-tax profit on average last year.
Despite recent enormous growth, the local credit card market still offers potential for local commercial banks, Tuoi Tre Online newspaper reported.
Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework.
Liquidity of the banking system has been plentiful again after the Lunar New Year, helping the central bank net withdraw more than VND51.55 trillion (US$2.2 billion) in the past week.
Business households in HCMC might be forced to categorize taxable and nontaxable items sold in their stores to facilitate the use of e-invoices, according to a planned proposal from the municipal taxman.