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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.
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.
Financial sector profits surge despite Covid-19: report
Even as non-financial companies saw profits plunge due to the impact of Covid-19 last year, the financial sector seemed to be immune, with theirs surging by 10.5 percent.
February 16, 2021 | 06:01 pm PT
Techcombank chairman points to customer selection for low-risk, high-returns model
Techcombank sustains its low-risk, high-returns business model by carefully identifying customers and not entering sectors it does not clearly understand, its chairman said.
June 20, 2020 | 11:57 pm PT
Finance industry crowds Forbes' Vietnam list of top 50 listed firms
Banking, securities and insurance firms dominate Forbes Vietnam’s 2020 list of top 50 listed firms with 10 representatives.
June 2, 2020 | 04:28 pm PT
Mid-sized banks spearhead VN-Index gain
The VN-Index added 0.25 percent to 884.43 points Monday, with stocks of mid-sized lenders among the biggest gainers.
March 2, 2020 | 01:56 am PT
Financial sector elicits most complaints in Vietnam
Banking, finance and insurance were the three industries to receive the most customer complaints in 2019, the Ministry of Industry and Trade has reported.
February 6, 2020 | 10:36 pm PT
Finance industry rules Forbes Vietnam's top 100
Forbes Vietnam’s list of 100 largest public companies has seen the dominance of banks, with 22 representatives ranked.
December 31, 2019 | 01:00 am PT
Retail, banking sectors see big-ticket M&A deals in 2019
Acquisitions worth well over a billion dollars took place this year in retail and banking, and the trend could persist in 2020, experts say.
December 17, 2019 | 11:54 pm PT
VN-Index hits 13-month high
The benchmark VN-Index rose 0.67 percent to 1022.43 points on Monday, the highest level since October 4 last year, led by blue chips and banks.
November 4, 2019 | 06:45 am PT
Vietnam fintech sector in the fast lane
The number of financial technology companies in Vietnam has grown from around 40 in 2016 to 154, focusing on payment, peer-to-peer lending and crowdfunding, a survey has found.
October 8, 2019 | 12:32 am PT
Banking staff salaries on the up
Bank staff in Vietnam on average make VND20 million ($864) to VND30 million ($1,300) per month, financial statements show.
August 4, 2019 | 06:55 pm PT
Vietnam posts H1 credit growth of 7.33 pct
Credit grew 7.33 percent in the first half of 2019, slightly higher than 6.14 percent in the same period last year, according to the central bank.
July 5, 2019 | 04:36 pm PT
Take acquisition route, Deputy PM tells South Korean banks
South Korean banks desiring to enter Vietnam should acquire local lenders since new licenses are not in the offing, Deputy PM Vuong Dinh Hue said.
June 20, 2019 | 08:20 pm PT
Eximbank ordered to reimburse additional $5 mln to customer
A court in Saigon has ordered Eximbank to pay a customer the interest she would have earned on her deposits stolen by an employee.
April 19, 2019 | 10:34 pm PT
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