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banks

In the news

Depositors turn bondholders

Hong Ngan -
In the past, depositors who put money in their bank accounts could choose to become corporate bondholders or real estate investors. The market needs...
Financial Markets

Banks begin to hike deposit rates

Nhu Phu -
HCMC – Commercial banks are rushing to increase deposit rates to speed up their capital mobilization. Twelve of over 30 banks have raised their deposit...
In the news

More bank M&A deals on the horizon

Thanh Ha -
This year, changes of hands are likely at some banks, in addition to mergers and acquisitions (M&A) and share sales to foreign partners. Now that...
Financial Markets

Bad debt at banks rises to four-year high amid pandemic

Nhu Phu -
HCMC – The bad debt ratio at commercial banks has soared to a four-year high of 1.9%, Le Trung Kien from the State Bank...
Financial Markets

Banks’ rush for corporate bonds faces scrutiny

Nhu Phu -
HCMC – As many banks are rushing to buy corporate bonds, the State Bank of Vietnam (SBV) has issued Circular 16 tightening control over...
Financial Markets

Many banks report handsome profits in Jan-Sept

Thanh Ha -
HCMC – Many local banks have released their business results in the January-September period of this year, with many of them reporting high profits. Specifically,...
In the news

Will banks have to cut lending rates?

Hong Ngan -
In the context that liquidity has become abundant again and credit growth turns sour because of demand heading south in the latest pandemic resurgence,...
HCMC

Banks shut over 300 transaction offices in HCMC over stringent anti-virus measures

Nhu Phu -
HCMC - Over 300 transaction offices of commercial banks in HCMC have suspended their operations as the city bans residents from leaving their homes...
Financial Markets

SBV to impose credit limits on banks failing to cut lending rates as committed

Nhu Phu -
HCMC - The State Bank of Vietnam (SBV) will encourage or restrict credit growth at banks next year, depending on whether these banks have...
Financial Markets

Banks commit to cutting lending rates for pandemic-hit firms

Thanh Ha -
HCMC – Sixteen banks have pledged to reduce lending rates for enterprises affected by the Covid-19 pandemic this year with a total support value...
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