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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).
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 10, 2021 | 11:00 am GMT+7
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).
August 01, 2021 | 06:56 am GMT+7
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 | 03:30 pm GMT+7
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 23, 2021 | 10:15 am GMT+7
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 21, 2021 | 12:24 pm GMT+7
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 | 03:03 pm GMT+7
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 14, 2021 | 08:03 am GMT+7
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 | 09:00 pm GMT+7
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 | 07:31 pm GMT+7
​Bank deposit interest rates could rise: brokerage

​Bank deposit interest rates could rise: brokerage

Banks are likely to increase deposit interest rates at the end of the second quarter when the economy starts to recover post-pandemic, brokerage SSI Securities said.
March 27, 2021 | 07:00 pm GMT+7
Banking industry set for bumper profits

Banking industry set for bumper profits

State-owned banks' profits will grow by around 80 percent in the first quarter and private lenders’ by around 50 percent, brokerage SSI Securities Corporation has forecast.
March 22, 2021 | 08:52 am GMT+7
PG Bank merger plans collapse… again

PG Bank merger plans collapse… again

The proposed merger between PG Bank and HDBank is set to be called off, making it the former’s third failed merger bid in the last six years.
March 16, 2021 | 02:00 pm GMT+7
State-owned banks lag behind in lending growth

State-owned banks lag behind in lending growth

State-owned lenders have been achieving slower credit growth than the industry average for the last five years while private banks are on the fast lane.
March 01, 2021 | 07:38 am GMT+7
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