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Moody’s confirms outlook downgrades for 15 Vietnamese banks

Moody’s confirms outlook downgrades for 15 Vietnamese banks

International credit rating agency Moody’s has lowered 15 banks’ credit outlook to negative after doing the same to the Government of Vietnam. 
Get private sector into debt trade, Vietnam advised

Get private sector into debt trade, Vietnam advised

Vietnam’s debt-trading market is limited to two state-owned asset management companies and banks, but needs private players to increase liquidity, experts say.
November 17, 2019 | 01:31 pm GMT+7
BIDV issues bonds worth $216 million

BIDV issues bonds worth $216 million

Vietnam’s largest bank by assets, BIDV, has issued VND5 trillion ($215.6 million) worth of bonds to augment capital.
November 04, 2019 | 04:32 pm GMT+7
Interest income delivers double digit profit growth for banks

Interest income delivers double digit profit growth for banks

Vietnamese banks have posted double digit profit growth in Jan-Sept 2019, with net interest income accounting for the lion's share.
October 31, 2019 | 11:21 am GMT+7
Transnational expressway investor selection to take until August 2020

Transnational expressway investor selection to take until August 2020

Switching from an international to a domestic tendering process for the North-South Expressway means the investor selection will take at least until August 2020 to complete.
October 15, 2019 | 11:18 am GMT+7
Vietnam makes progress in sustainable finance reforms: report

Vietnam makes progress in sustainable finance reforms: report

Vietnam is among 38 emerging market economies to have initiated banking reforms towards promoting sustainable development and fighting climate change, a report says.
October 12, 2019 | 10:31 am GMT+7
Banking staff salaries on the up

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 05, 2019 | 09:55 am GMT+7
VPBank completes first $300 million international bonds issue

VPBank completes first $300 million international bonds issue

Private creditor VPBank has issued $300 million worth of 3-year international bonds to Asian and European investors.
July 13, 2019 | 04:12 pm GMT+7
Vietnam ready to speed up switch to chip cards

Vietnam ready to speed up switch to chip cards

The National Payment Corporation of Vietnam says many banks would this year convert their magnetic cards to chip cards for greater security.
May 31, 2019 | 04:12 pm GMT+7
90 percent of suspected money laundering in Vietnam done through banks

90 percent of suspected money laundering in Vietnam done through banks

Banking, real estate and unofficial remittances are top channels for money laundering in Vietnam, a new report says.
May 21, 2019 | 12:50 pm GMT+7
Banks rates higher than free market as dollar shortage bites

Banks rates higher than free market as dollar shortage bites

Unusually, Vietnamese banks’ dollar prices have been higher than the free market as they face a dearth of greenbacks.
May 10, 2019 | 07:53 am GMT+7
Banks race to offload expensive property as bad debt buyback looms

Banks race to offload expensive property as bad debt buyback looms

Many banks are looking to sell mortgaged assets as they prepare to buy back bad debt from the state.  
May 06, 2019 | 09:00 am GMT+7
ECB's Draghi worried about Fed's independence

ECB's Draghi worried about Fed's independence

European Central Bank President Mario Draghi expressed concern on Saturday about the U.S. Federal Reserve’s independence.
April 14, 2019 | 03:21 pm GMT+7
Vietnamese banks lose foreign partners one by one

Vietnamese banks lose foreign partners one by one

The last few years have seen a number of cases of foreign partners severing ties with Vietnamese banks. 
March 18, 2019 | 08:32 am GMT+7
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