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PM seeks Japanese Mizuho Bank's aid for banking restructuring
Prime Minister Pham Minh Chinh requested assistance from Mizuho, one of Japan's three largest banks, for the restructuring of Vietnam's underperforming banks.
Bank deposits remain preferred asset class despite collapsing interest rates
Despite the steady and steep decline in interest rates, people are still keeping their money in bank deposits rather than invest it in securities or real estate.
Stop focusing loans on a few corporates, PM warns banks
Prime Minister Pham Minh Chinh has called on banks to stop prioritizing a few corporates for loans to reduce risks and increase other customers’ access to funds.
December 7, 2023 | 07:13 pm PT
PM wants more flexible loan approval
Prime Minister Pham Minh Chinh has instructed banks to adopt a more 'flexible' approach in approving loans while maintaining their assessment criteria.
December 7, 2023 | 05:24 pm PT
Vietcombank pushes deposit interest rates to record low
State-owned lender Vietcombank, Vietnam’s biggest lender by market cap, has cut its interest rate for one-month deposits to a record low of 2.4%.
November 30, 2023 | 08:38 pm PT
Bank slashes prices by half for Hanoi Old Quarter shophouses
Agribank is auctioning off shophouses in Hanoi’s Old Quarter at prices halved from a year ago to cover unpaid loans, but is still struggling to find buyers.
November 16, 2023 | 06:30 pm PT
Doors to bank credit remain closed, developers complain
Property developers are facing hurdles in accessing bank credit, including bureaucracy and high interest rates, but some lenders deny any serious issues.
November 14, 2023 | 10:40 pm PT
Deposit interest rates fall to 6%
Around 20 banks have lowered their deposit interest rates to 6% a year as they have abundant cash resources amid difficulties in providing loans.
November 7, 2023 | 01:03 am PT
ACB's profit shoots up in Q3
ACB saw its pre-tax profit rising 13% year-on-year to VND5 trillion ($203.57 million) in the third quarter even as many lenders posted declines.
October 25, 2023 | 06:34 pm PT
More banks post profit declines in Q3
Several banks have reported a decline in profits in the third quarter due to rising costs and provisioning.
October 23, 2023 | 12:25 am PT
VCCI against lowering ownership limit at banks
The Vietnam Federation of Commerce and Industry has rejected the central bank’s proposal to lower the stakeholding cap in banks to prevent cross-ownership.
August 3, 2023 | 08:22 pm PT
SeABank names new acting CEO
Le Quoc Long, for the last 18 years the deputy CEO of SeABank, has been named its new acting CEO with effect from Tuesday.
July 31, 2023 | 08:36 pm PT
Banks have liquidity to cut lending interest rates, but no demand: SBV
Banks have a lot of liquidity and will lower interest rates further, but businesses are not borrowing now amid low demand, a central bank official has said.
July 25, 2023 | 07:02 pm PT
Banks to see slower profit growth in 2023: forecast
Banks are set to see their profit growth decline to 10% this year amid slower credit growth, high bad debts and a narrower net interest margin, according to Vietcombank Securities (VCBS).
July 17, 2023 | 01:01 am PT
Banks cut rates for new loans amid low capital demand
Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
July 13, 2023 | 08:11 pm PT
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