Many banks hike deposit rates
Friday,  Nov 24,2017,00:10 (GMT+7)
HCMC – Many commercial banks such as BIDV, VietinBank and Sacombank have recently raised their annual deposit rates by 10 to 50 basis points for many tenors, Dan Tri news website reports.
NA: Ailing banks can file for bankruptcy
Wednesday,  Nov 22,2017,00:01 (GMT+7)
HANOI – The National Assembly (NA) has for the first time given banks the green light to file for bankruptcy if they become insolvent, said local media reports.
Capital for real estate, BOT projects to fall
Friday,  Nov 17,2017,00:24 (GMT+7)
HCMC – The State Bank of Vietnam has demanded increased controls on loans for build-operate-transfer (BOT) road and real estate projects despite their high demand for finances, Le Minh Hung, governor of the State Bank of Vietnam, was quoted by local media as saying.
VAMC settles VND66 trillion of bad debt
Thursday,  Nov 16,2017,18:33 (GMT+7)
HCMC - Vietnam Asset Management Company (VAMC) has settled bad debt worth VND66 trillion (about US$2.9 billion) since it was founded in 2013, and the progress is getting faster, according to VAMC general director Doan Van Thang.
WeChat Pay e-wallet launched in Vietnam
Wednesday,  Nov 15,2017,21:18 (GMT+7)
HANOI – China’s Tenpay Payment Technology on Monday announced its cooperation with the e-wallet service provider VIMO to launch WeChat Pay e-wallet service in Vietnam to make it convenient for Chinese tourists to pay for goods and services here in the country.
Fintech approach essential for banking system development
Monday,  Nov 13,2017,22:30 (GMT+7)
HANOI – Commercial banks should cooperate with financial technology (fintech) companies to reach out to new customers rather than considering them rivals, said experts at a conference in Hanoi on November 10.
SBV under no pressure to boost credit growth
Thursday,  Nov 9,2017,18:32 (GMT+7)
HCMC - The State Bank of Vietnam (SBV) has come under no pressure to loosen monetary policy to help the country achieve the economic growth target of 6.7% this year, Dan Tri news website quoted SBV governor Le Minh Hung as saying.
Deputy PM: Mobile payment in Vietnam seen booming in coming years
Tuesday,  Nov 7,2017,23:33 (GMT+7)
HCMC – Mobile payment will grow popular in Vietnam with the ratio of cash payments to total sales to fall to less than 10% by 2020, Deputy Prime Minister Vuong Dinh Hue was quoted by the Government news website as saying.
FPT University intends to accept bitcoin despite SBV’s ban
Monday,  Oct 30,2017,18:41 (GMT+7)
HCMC - FPT University has hinted at a plan to allow students to pay tuition fees by bitcoin although this virtual currency has not been recognized as legal in Vietnam.
Interest rates may dip further in Q4
Wednesday,  Oct 11,2017,21:30 (GMT+7)
HCMC - Interest rates could fall in the fourth quarter of 2017, according to a National Financial Supervisory Commission (NFSC) report on Vietnam’s economic and financial performance in the first nine months.
Deputy PM orders inspections at two bank branches
Thursday,  Oct 5,2017,18:26 (GMT+7)
HCMC - Deputy Prime Minister Truong Hoa Binh has required the State Bank of Vietnam to inspect two banking branches over their law compliance in giving credits to four enterprises, Nguoi Lao Dong newspaper reports.
Consumer finance market underdeveloped
Friday,  Sep 29,2017,17:59 (GMT+7)
HANOI – The local consumer credit market remains underdeveloped despite high consumer demand while the black market still attracts a large number of people in need.
Visa: E-payments on the rise in Vietnam
Thursday,  Sep 28,2017,21:13 (GMT+7)
HCMC – Electronic payments have grown strongly in Vietnam, with the number of electronic transactions in the first half of 2017 increasing 38% year-on-year, said Sean Preston, Visa’s country manager for Vietnam, Cambodia and Laos.
Politburo consent may be required for forced bank transfers
Wednesday,  Sep 20,2017,00:06 (GMT+7)
HANOI – Lawmakers on September 18 proposed adding a provision to the draft amended law on credit institutions in which the Politburo’s prior consent must be sought for forced transfers of commercial banks.
SBV demands strict compliance in foreign-currency mobilization
Friday,  Sep 15,2017,21:53 (GMT+7)
HCMC – Governor of the State Bank of Vietnam Le Minh Hung has issued Document 7295/NHNN-TTGSNH ordering credit institutions and foreign bank branches to strictly comply with regulations on capital mobilization in foreign currency.
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