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Big 4 banks represent 41.9% of total credit, 50% of total deposits

Big 4 banks represent 41.9% of total credit, 50% of total deposits

Vietnam's four largest commercial banks - Vietcombank, BIDV, Agribank and VietinBank (the Big 4) - in 2023 accounted for 41.9% of total outstanding loans and about 50% of the total deposits of the country's banking system.
Citizen database helps reduce credit default risks

Citizen database helps reduce credit default risks

US bans 14 Iraqi banks in crackdown on Iran dollar trade

US bans 14 Iraqi banks in crackdown on Iran dollar trade

US places sanctions on Myanmar's defense ministry, banks

US places sanctions on Myanmar's defense ministry, banks

The U.S. imposed sanctions on Myanmar's defense ministry and two banks used by the ruling military junta to buy arms and other goods from foreign sources.
June 21, 2023 | 06:33 pm PT
Government excludes property, banking sectors from VAT rebate proposal

Government excludes property, banking sectors from VAT rebate proposal

The government has excluded property, banking, securities, insurance, and telecommunications from the list of sectors to be given a 2% value-added tax rebate in July-December this year.
May 15, 2023 | 09:00 pm PT
Thai bank increases capital 3.5-fold

Thai bank increases capital 3.5-fold

Thai lender Kasikornbank has increased its charter capital from $80 million to US$285 million (VND6.5 trillion), the second highest among foreign banks in Vietnam.
May 5, 2023 | 01:08 am PT
PM orders measures to facilitate finance, banking activities

PM orders measures to facilitate finance, banking activities

Prime Minister Pham Minh Chinh held a working session with the State Bank of Vietnam Saturday to review and step up the issuance of two important circulars related to the finance-banking sector.
April 23, 2023 | 01:19 am PT
Banking turmoil means recession fears are creeping back

Banking turmoil means recession fears are creeping back

The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse's rescue, and the ensuing turmoil in world markets have re-ignited the recession risks that appeared to have abated just a few weeks ago.
March 29, 2023 | 12:35 am PT
Silicon Valley Bank's demise began with downgrade threat

Silicon Valley Bank's demise began with downgrade threat

In the middle of last week, Moody's Investors Service Inc delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank's credit.
March 11, 2023 | 05:29 pm PT
Mortgages remain hard to get despite hike in credit quotas

Mortgages remain hard to get despite hike in credit quotas

For the last two months, Hoang Long has been on a waiting list for a mortgage at a Hanoi bank, but his application has yet to be taken up.
September 13, 2022 | 05:04 pm PT
Japan bank lending picks up on demand to meet rising material costs

Japan bank lending picks up on demand to meet rising material costs

Japanese bank lending rose 1.8% in July from a year earlier, accelerating from the previous month, as some companies borrowed more to meet rising raw material costs amid a surge in global commodity inflation.
August 7, 2022 | 05:45 pm PT
Lawmakers want bank credit growth quotas scrapped

Lawmakers want bank credit growth quotas scrapped

The National Assembly wants the government to gradually remove the credit growth cap for banks, a policy it finds anomalous in a modern economy.
June 16, 2022 | 09:01 pm PT
Singapore lender appoints new Vietnam CEO

Singapore lender appoints new Vietnam CEO

Singaporean bank UOB has named Victor Ngo its CEO in Vietnam.
June 1, 2022 | 07:47 pm PT
Bad debts to return to 2017 high

Bad debts to return to 2017 high

Banks’ bad debts are set to return to levels last seen in 2017 due to the impacts of Covid-19, a blow to the industry’s efforts to keep them low.
November 24, 2021 | 08:46 pm PT
Citigroup expects up to $1.5 bln charge from South Korea retail banking exit

Citigroup expects up to $1.5 bln charge from South Korea retail banking exit

Citigroup Inc said on Monday it expects to take a cash charge of nearly $1.2 to $1.5 billion related to the closure of its consumer banking business in South Korea.
November 8, 2021 | 06:34 pm PT
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