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Rumor of banker's arrest wipes $2bln off Vietnam stock market

The government has stepped in to quell investor fears, saying false rumors sparked the crash. 

HSBC profits up in first half of 2017

The Asia-focused giant has been on a recovery drive over the past two years to streamline the business and slash ...

Asia stocks hit 9-1/2-year high, markets await BOJ, ECB meetings

Shares scaled near-decade peak on Thursday, bolstered by a surge in global stocks to a record high on strong U.S. corporate earnings.
July 20, 2017 | 08:45 am GMT+7

Vietnam finally considers allowing foreigners to put cash in banks

The idea is aimed at preventing speculation and keeping money in the country.
July 14, 2017 | 07:00 pm GMT+7

Thailand's Kasikornbank signs deal with Vietnam's state investment firm

The deal aims to help Thai enterprises explore investment opportunities in Vietnam.
April 27, 2017 | 11:00 am GMT+7

ANZ sells retail business in Vietnam to South Korea's Shinhan

The Australian bank said it will focus on its institutional banking, its biggest business in the region.
April 21, 2017 | 03:51 pm GMT+7

Vietnam bank tycoon, former executives face trial over $66 mln losses

The 20-day trial will hear one of the biggest corruption cases in Vietnam, with former bank executives among 48 defendants.
February 27, 2017 | 07:22 pm GMT+7

Vietnam's central bank terminates tycoon's managing role in Sacombank

The departure of the tycoon is part of the government's efforts to reshape the country's banking system.
February 25, 2017 | 11:19 am GMT+7

Vietnam’s banking sector looks stable for 2017 despite gloomy Southeast Asia outlook: Fitch

The country still needs to address a high ratio of non-performing loans and low profitability.
December 14, 2016 | 02:00 am GMT+7

Vietnam welcomes foreign investors for banking restructuring

The sector is preparing for the next phase of drastic changes, the central bank's governor has said.
November 12, 2016 | 09:51 am GMT+7

Problem assets a challenge for Vietnam's banking system: Moody's

The remark came even as the credit research firm decided to upgrade ratings for seven commercial lenders.
October 22, 2016 | 03:56 pm GMT+7

Vietnam's banking sector remains at high risk: Moody's

Bad debts hold back the country's banking system.
September 01, 2016 | 10:32 pm GMT+7

Vietnamese banks under mounting pressure to adopt technological advancements

Commerical banks in Vietnam have managed to quicken their pace at which they are adopting technologies in recent years, but they remain far behind their global counterparts who ...
May 12, 2016 | 02:46 pm GMT+7

Former governor of State Bank assumes new Party position

Former State Bank Governor Nguyen Van Binh was appointed chair of the Central Committee’s Economic Commission on April 11.
April 11, 2016 | 03:40 pm GMT+7