Non-cash payment has been developing sharply in Vietnam recently, and building a digital payment ecosystem is becoming essential to accommodate further growth.
Vietnam International Bank (VIB) posted a revenue of more than VND5.87 trillion (US$252 million) and a pre-tax profit of VND2.33 trillion ($100 million) in the first nine months of 2019.
Non-banking financial companies are expected to pay the highest bonuses this year, an average of 30.4 percent of base salary.
The State Bank of Vietnam’s goal of lowering the bad debt ratio to under 3% by 2020 is completely obtainable, stated Deputy Prime Minister Vuong Dinh Hue.
The development of VBSP shows that credit policies tailored to needy households and other policy beneficiaries are one of the bright points of state policies on poverty reduction.
A bank having an average asset scale, charter capital, and operational network, National Citizen Bank (NCB) is appearing on investors’ radar by virtue of its safe and effective operation, and buoyant potential for retail bank development.
Viet Nam's credit growth is slowing and can fall behind the central bank’s target of 14 per cent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
The Viet Nam Prosperity Joint Stock Commercial Bank (VPB) has bought back 24.7 million shares, equivalent to 49.5 per cent of the registered amount, in the period from October 2 to 11.
Remittances to HCM City by overseas Vietnamese in the first nine months of this year were worth at US$3.8 billion, a 7 per cent increase year-on-year, according to figures from the State Bank of Viet Nam’s city branch.