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VND currency hits new low against USD

Commercial banks are selling USD for nearly VND23,500, a historical peak, with rates rising steadily since last week.

Vietnam cashless transactions among lowest in ASEAN

Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking ...

Man gets life for $192,400 bank robbery in central Vietnam

Two bank robbers were sentenced to life and 20 years in prison in central Vietnam Wednesday.
May 09, 2019 | 12:18 pm GMT+7

Vietnamese banks find out car loans not low-hanging fruit as borrowers cheat

Vietnamese banks are struggling to recover overdue car loans since many customers mortgage vehicles bought using bank loans.
April 10, 2019 | 08:29 am GMT+7

Former ANZ employee to stand trial in $4 million fraud case

A former ANZ Bank employee will be tried for allegedly falsifying customers' signatures and misappropriating over VND91.3 billion ($4 million).
March 16, 2019 | 04:31 pm GMT+7

Bank services falter, overwhelmed by Tet demand

Many bank services including online transactions and ATM withdrawals are failing, unable to cope with high Tet related demand.
February 02, 2019 | 02:05 pm GMT+7

Saigon businessman gets life in jail for $21.6 million bank fraud

The head of a Vietnamese coffee company who defrauded five banks of $21.6 million will be jailed for life.
January 27, 2019 | 08:00 am GMT+7

Three banks report plunge in profits

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. 
January 25, 2019 | 08:08 pm GMT+7

Businesses have long wait to cash in on cashless Vietnam

Vietnam’s far away from becoming a cashless society, given low financial literacy and the lack of an ecosystem, experts say.
January 16, 2019 | 08:11 am GMT+7

Vietnamese ‘underground’ banker arrested in Japan

A Vietnamese man is alleged to have charged hefty commissions for transferring money from Japan to Vietnam via his bank account.
January 14, 2019 | 07:26 pm GMT+7

Banks report solid profits, employees hopeful of high bonuses

With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses.
January 08, 2019 | 11:49 am GMT+7

13 caught at drug-laced birthday party in central Vietnam

13 people were caught having a ‘drug party’ Friday night at a Ha Tinh karaoke parlor.
December 23, 2018 | 11:23 am GMT+7

Vietnam bank stocks downgraded on expectations of lower earnings

Securities companies have reduced target prices of bank shares by 10-20 percent, based on result of lower income forecasts.
December 12, 2018 | 08:59 am GMT+7

Former bank chairman jailed for 13 years in Vietnam

Former chairman of the Mekong Housing Bank has been sentenced to 13 years in prison for abuse of power.
November 23, 2018 | 06:40 pm GMT+7

Banks expect profits to rise 18.6 percent

Vietnamese banks have reported good third quarter results, and expect this to continue in the final quarter of the year. 
October 10, 2018 | 08:20 pm GMT+7
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