Commercial banks continue to cut deposit interest rates
Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.
Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.
Cash flow from government bonds is meant to flow into the treasury for the benefit of the economy but in a vicious cycle, cash is being deposited back in banks to buy...
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains...
On April 3, 2023, the interest rates ceiling for non-term and term deposits under 6 months according to the new regulations of the State Bank of Vietnam (SBV) have been...
Investors and shareholders have been left surprised with corporations and businesses divesting from commercial banks at a starting price higher than the market price.
Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said.
According to some experts, commercial banks are holding 71 percent of corporate bonds issued by real estate companies.
Many banks have just launched credit packages with preferential lending interest rates that decreased by between 0.5-3% per year for customers in the fields of business...
Banks are facing higher cost of fund (COF) as a result of tightening liquidity and stricter monetary policies.
The "big" banks with state capital proposed to increase their capital in 2023 to improve their financial capacity.
Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand...
International capital has flowed into many Vietnamese banks in 2022, which is a good sign indicating the capacity of domestic joint stock commercial banks.
Many commercial banks are prepared to inject more than VND200,000 billion worth of cash into markets after the State Bank of Vietnam approved the expansion of the credit...
Bad debts always come hand in hand with business activities of all commercial banks.
A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.
Besides the strong increase in credit in the first half of the year, the insurance distribution segment (bancassurance) is having a positive impact on banks’ business...
Banks must tighten their assessment controls of corporate bond investments to avoid excessive risk and the misuse of funds raised by firms, experts said.
From the beginning of August 2022, many more banks including commercial banks with state capital have raised the interest rate offered on savings accounts to attract...
A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Vietnam (SBV)’s latest survey on business trends of...
The capitalisation of Vietnam’s banking sector is expected to increase by nearly 2.8 billion USD this year.
Some banks have temporarily stopped providing loans to the real estate sector in the short term in the wake of the State Bank of Vietnam (SBV)'s policy on controlling...