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Vietnam banks to continue making profits next year: experts

Vietnam banks to continue making profits next year: experts

A pandemic induced slowdown in credit growth has not hurt commercial banks this year, and this will continue next year, too, experts say.
Non-performing loans surge due to pandemic

Non-performing loans surge due to pandemic

Most banks have seen non-performing loans rise by at least 30 percent in the first nine months as the Covid-19 pandemic hit businesses and individuals.
November 08, 2020 | 11:00 am GMT+7
Preventing banks from setting foreign ownership cap could hamper their growth: analysts

Preventing banks from setting foreign ownership cap could hamper their growth: analysts

The Securities Bill, which seeks to prevent public companies from fixing their own foreign ownership caps, could take away banks’ rights to choose long-term strategic partners.
October 23, 2020 | 11:32 am GMT+7
Banks offer easy loans to meet year-end credit targets

Banks offer easy loans to meet year-end credit targets

Banks are trying to increase lending by offering low interest rates amid a lack of demand in an economy slowed down by the Covid-19 pandemic.
October 22, 2020 | 09:03 am GMT+7
Lenders bank on foreign bosses for growth

Lenders bank on foreign bosses for growth

Several Vietnamese banks have appointed foreigners to key positions such as CEO and chairman as new growth drivers.
October 16, 2020 | 08:14 am GMT+7
Deposit rates fall to record low as credit growth crawls

Deposit rates fall to record low as credit growth crawls

Commercial banks have lowered their deposit interest rates to their lowest levels in years as the Covid-19 pandemic slows credit growth.
October 12, 2020 | 04:44 pm GMT+7
Why banks achieved strong profit growth despite Covid-19?

Why banks achieved strong profit growth despite Covid-19?

Banks have reported excellent figures in the second quarter by delaying provisioning for doubtful debts, which will eventually cut into their profits in future.
July 24, 2020 | 02:53 pm GMT+7
Banks eye profit growth despite pandemic

Banks eye profit growth despite pandemic

The banking industry expects pre-tax profit to rise 4.9 percent this year despite the impacts of coronavirus on lending.
July 20, 2020 | 11:10 am GMT+7
Banks lead stock market in gaining session

Banks lead stock market in gaining session

The VN-Index added 0.42 percent to 934.67 points Tuesday, with almost all banking blue chips turning green.
February 11, 2020 | 05:45 pm GMT+7
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. 
December 20, 2019 | 07:40 pm GMT+7
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
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