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Friday, October 25, 2024

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Financial Markets

Banks offer high rates to attract demand savings

HCMC - With the ratio of current account, savings account (CASA) having dropped sharply in the last nine months, many banks have raised interest...

HSBC helps Masan Group access US$600-million loan facility

HCMC – HSBC Vietnam has worked with several other banks to provide Masan Group Corporation, or Masan, and the Sherpa Company Limited, a subsidiary...

Banks trim corporate bond holdings

HCMC – Commercial banks have reduced their holdings of corporate bonds amid a bleak bond market outlook and credit crunch. Techcombank, one of the biggest...

Savings rate hikes ease

HCMC – Commercial banks have been in a race to hike savings rates to attract clients, especially since the State Bank of Vietnam's two...

Central bank pumps more money into system

HCMC – The State Bank of Vietnam (SBV) yesterday, November 3, injected some VND5,000 billion into the banking system via open market operations for...

Banks report handsome profits in Q3

HCMC - Many local banks have released their business results, which indicate huge third-quarter profits. Asia Commercial Bank (ACB) recorded a pretax profit of nearly...

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