Credit within the banking system to the end of May 2024 increased by only 2.41% against the end of 2023, far from the credit growth target, the Government reported.
Many banks promote online lending to save time and costs for both parties and creating conditions to promote credit growth.
Unlike 2022 and 2023, the exchange rate has been hot since the beginning of 2024. Right after the early- months, the exchange rate has increased by 4.6%, a 3.4 %...
The first quarter 2024 business results of banks have been revealed, the bad debt ratio continues to increase. This situation makes banks' reserve buffers to prevent...
Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.
Since early May, many banks have continued to increase deposit interest rates to ensure a balance of capital sources in the context of a rapid increase in credit.
The business results for Q1 2024 of commercial banks showed positive growth, with some banks experiencing up to 165% growth. Despite low credit growth, the banks' growth...
Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount...
Several commercial banks in Vietnam have started to raise their deposit interest rates by 0.5 – 1 percent, leading to the worry of a possible loan interest rate rise as...
Banks are actively developing plans to attract capital from foreign investors through various methods, aiming to enhance their capital "buffers" and improve their...
With excess liquidity, banks all over the nation are trying to address stagnant capital flow and have received a number of positive signs.
Banks are actively channeling credit towards the manufacturing and business sectors, always standing by to offer loans to enterprises. However, this endeavor requires...
In the context of negative credit growth during the first two months of 2024, savings interest rates on the market continue to plummet. Many banks are injecting cheap...
Since the beginning of the year until now, the Prime Minister, the Government and the State Bank (SBV) have continuously issued instructions to promote credit, but the...
In 2023, a series of negative incidents related to insurance sales resulted in a drop of revenue from cross-selling insurance of many banks. However, the opportunity for...
After a quiet year in 2023, many banks will promote stock offering to foreign investors again and some of them may complete the deals this year, analysts forecast.
Slower than expected credit growth and a large number of non-performing loans have resulted in conservative growth targets among commercial banks for 2024, said industry...
To incentivize cashless payments, banks are offering customers prizes and bits of gold for making transactions of their apps
As interest rates are expected to continue declining, businesses and individuals will have the chance to access capital at affordable costs, supporting the recovery of...
According to financial statements of banks, the total net profit from securities investment of 12 banks in Q4 2023 increased by 195 per cent to more than VNĐ5.6...
According to assessments of credit institutions, the business situation and profits in 2023 are low and have not met expectations, but in the first quarter of 2024 and...
Banks are set to continue their practice of paying stock dividends this year in order to bolster their capital and attract cash flow, driven by positive prospects.
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