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Banks’ profits surge in Q1

Banks’ profits surge in Q1

Most banks grew their profits in double digits in the first quarter but asset quality worsened.
TPBank eyes 36-percent hike in profits

TPBank eyes 36-percent hike in profits

Private lender TPBank expects its pre-tax profits to top VND8.2 trillion ($358 million) this year, up 36 percent from 2021.
April 18, 2022 | 06:13 pm PT
Japanese bank to spend $170 mln to acquire Momo stake

Japanese bank to spend $170 mln to acquire Momo stake

A Japanese bank is expected to spend $170 million to acquire 7.5 percent of M-Service, which operates Vietnamese e-wallet app Momo.
December 11, 2021 | 03:00 am PT
Covid-19 forces banks to accelerate digital transformation

Covid-19 forces banks to accelerate digital transformation

VIB saw triple-digit revenue growth during Covid-19 by launching new products and services to adapt to changes in consumer habits and behaviors in the pandemic.
October 20, 2021 | 07:00 pm PT
Banks cut lending interest rates to support pandemic-hit businesses

Banks cut lending interest rates to support pandemic-hit businesses

Sixteen Vietnamese banks have agreed to lower loan interest rates for Covid-19-hit businesses, with the total reduction estimated to be worth VND24.3 trillion ($1.07 billion).
August 11, 2021 | 10:30 pm PT
VIB maintains strong growth momentum

VIB maintains strong growth momentum

VIB's total assets has reached over VND277 trillion on June 30, and credit balance over VND185 trillion, up 8.1 percent from the start of the year, despite the impact of Covid-19.
August 9, 2021 | 08:00 pm PT
BIDV profit surges 85 pct

BIDV profit surges 85 pct

State-owned lender BIDV saw pre-tax profit in the first half surging 85 percent year-on-year to VND8.1 trillion ($351.93 million).
July 31, 2021 | 03:56 pm PT
16 banks to lower loan interests amid Covid-19

16 banks to lower loan interests amid Covid-19

Sixteen commercial banks have agreed to reduce interests on existing loans of Covid-hit businesses from now until the end of the year.
July 13, 2021 | 12:30 am PT
Bring bank deposit interest to zero: investors association

Bring bank deposit interest to zero: investors association

The Vietnam Association of Financial Investors (VAFI) has called for gradually bringing bank deposit interest rates down to zero so that lending interest rates could be cut to boost growth.
June 22, 2021 | 07:15 pm PT
Vietnam’s credit growth doubles

Vietnam’s credit growth doubles

Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year.
June 20, 2021 | 09:24 pm PT
Commercial banks rush to increase charter capital

Commercial banks rush to increase charter capital

Many lenders in Vietnam are planning to raise their charter capital by double-digit percentages this year, expecting an increase in post pandemic credit demand.
June 15, 2021 | 12:03 am PT
Credit institutions struggle to sell high-priced collateral

Credit institutions struggle to sell high-priced collateral

Credit institutions have been struggling to find buyers for their high priced collateral properties because market demand is low.
May 13, 2021 | 05:03 pm PT
Japanese giant takes stake in Vietnam consumer lending firm

Japanese giant takes stake in Vietnam consumer lending firm

Japan’s Sumitomo Mitsui Financial Group has signed an agreement to purchase a 49 percent stake in Vietnam’s biggest nonbank lender FE Credit.
April 28, 2021 | 06:00 am PT
OCB shares 'undervalued,' says bank chairman

OCB shares 'undervalued,' says bank chairman

Shares of OCB are undervalued by 25 percent, its chairman Trinh Van Tuan said at the private lender’s annual general meeting Wednesday.
April 28, 2021 | 04:31 am PT
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