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Financial Markets

Financial Markets

Major banks continue deposit rate cuts

Nhu Phu -
HCMC – Many large commercial banks have continued lowering deposit rates for various tenors aimed at reducing lending rates to support businesses and residents...
Financial Markets

Banks struggle to raise capital amid Covid-19

Minh Tuan -
HCMC – In light of the unpredictable developments relating to the Covid-19 pandemic, many banks in Vietnam are attempting to raise capital but most...
Financial Markets

Eximbank in disarray ahead of second shareholder meeting

Hong Ngan -
HCMC - Sumitomo Mitsui Banking Corporation (SMBC), a majority shareholder of Vietnam Export Import Bank (Eximbank), has requested the bank to convene an extraordinary...
Financial Markets

Saving rates continue downward spiral

Hong Ngan -
HCMC – Following deposit rate cuts early this month for tenors from six months onward, many local banks have continued to lower rates for...
Financial Markets

Corporate bonds increasingly attractive to investors due to high yield

Nhu Phu -
HCMC – Corporate bonds have attracted a huge cash flow from other investment channels, including depositors, even though the Ministry of Finance has repeatedly...
Financial Markets

Banks further lower deposit rates

Hong Ngan -
HCMC – Local banks have continued to cut deposit rates by 10-90 basis points for various tenors since the beginning of this month, the...
Financial Markets

Zalo Bank not licensed: SBV

Nhu Phu -
HCMC – A representative of the State Bank of Vietnam (SBV) has affirmed that the central bank has not licensed Zalo Bank to provide...
Financial Markets

Calling for cryptocurrency investment is illegal: official

Hong Ngan -
HCMC – A former top police official asked local residents to stay clear of persons calling for investments in cryptocurrencies to avoid being cheated,...
Financial Markets

Banks see abundant capital amid low credit demand

Dinh Dung -
HCMC – Local banks have seen ample capital as the economy posted a low credit demand given the impact of the coronavirus pandemic, Nguoi...
Financial Markets

Central bank’s VND16 trillion aid receives lackluster response from employers

Hong Ngan -
HCMC – The State Bank of Vietnam (SBV) has deployed a financial package worth VND16 trillion to support enterprises impacted by the coronavirus pandemic,...
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Assistant Managing Editor: Pham Dinh Dung

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