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EU plans phased oil ban on Russia, also targeting more banks

EU plans phased oil ban on Russia, also targeting more banks

The European Union's chief executive on Wednesday proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning Russia's top bank and banning Russian broadcasters from European airwaves, in a bid to deepen Moscow's isolation.
Banks cannot pay cash dividend this year: central bank

Banks cannot pay cash dividend this year: central bank

The State Bank of Vietnam has instructed commercial banks not to pay dividends in cash this year so that they can lower interest rates to help revive the economy.
January 19, 2022 | 09:32 pm PT
Banks still funding deforestation-linked firms in threat to global climate goals

Banks still funding deforestation-linked firms in threat to global climate goals

Banks based in China, the United States, Indonesia and Brazil have invested billions of dollars in businesses carrying out, or linked to, deforestation since the Paris Agreement on climate change was adopted in 2015, researchers said on Thursday.
October 28, 2021 | 06:26 pm PT
Government to keep 65 pct stake in banks, airport operators

Government to keep 65 pct stake in banks, airport operators

The government will retain a minimum ownership of 65 percent in state-owned banks and airport operators that privatize from now through 2025.
July 7, 2021 | 06:41 pm PT
Banks dominate Vietnam’s profit makers list

Banks dominate Vietnam’s profit makers list

Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits.
May 11, 2021 | 04:14 pm PT
IT, finance companies hire managers in droves

IT, finance companies hire managers in droves

Demand for senior and mid-level managers and skilled workers has increased in the textile, finance and IT sectors due to free trade agreements and digital transformation.
April 23, 2021 | 02:08 am PT
Bank credit growth could reach 13-14 pct: SSI

Bank credit growth could reach 13-14 pct: SSI

Bank credit is estimated to grow at 13-14 percent in 2021 as the economy revives post-Covid-19, according to brokerage SSI Securities Corporation.
January 8, 2021 | 09:00 pm PT
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.
December 23, 2020 | 03:00 am PT
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 7, 2020 | 08:00 pm PT
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 22, 2020 | 08:32 pm PT
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 21, 2020 | 06:03 pm PT
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 15, 2020 | 05:14 pm PT
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 | 01:44 am PT
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 23, 2020 | 11:53 pm PT
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