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Vietnam, Cambodia’s central banks look to foster partnership

Vietnam, Cambodia’s central banks look to foster partnership

Leaders of the State Bank of Vietnam (SBV) and the National Bank of Cambodia (NBC) met in Phnom Penh on September 16 at an annual conference to share experience in macro-economy management, especially in finance-banking, and seek ways to strengthen cooperation in personnel training.

Thai firm to acquire Agribank subsidiary

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).

Banks post high profits in 2018

Banks post high profits in 2018

Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.

Agribank enhances cooperation with Japan’s Yanmar Group

Agribank enhances cooperation with Japan’s Yanmar Group

Deputy General Director of the Vietnam Bank for Agriculture and Rural Development (Agribank) Pham Toan Vuong has had a working session with representatives from Yanmar, a Japanese agricultural machinery manufacturer.

Vietnam Business Club debuts in Cambodia

Vietnam Business Club debuts in Cambodia

VOV.VN - A Vietnam Business Club in Cambodia (VBCC) has been launched in Phnom Penh with the presence of Vietnamese Ambassador Vu Quang Minh, representatives of the Committee for Overseas Vietnamese Affairs and the Vietnam-Cambodia Friendship Association and a group of more than 100 businesspeople.

Detailed guidance needed to tackle bad debt: experts

Detailed guidance needed to tackle bad debt: experts

Settling non-performing loans (NPLs) has been easier since the application of Nation Assembly’s Resolution 42 a year ago, but detailed guidance is still needed to make the use of the regulation smoother, industry insiders said.

Are bank card criminals flocking to Vietnam?

Are bank card criminals flocking to Vietnam?

The State Bank (SBV) said the process of converting 70 million magnetic cards into chip cards needs to be accelerated to prevent Vietnam from becoming the favorite destination for card crimes.

Fee hikes threaten cashless plan

Fee hikes threaten cashless plan

Recent surges in transactions and withdrawal fees at a number of commercial banks went against the State Bank of Vietnam’s (SBV) initial policy roadmap for a seamlessly cashless society.

Agribank asked to become leading bank in region

Agribank asked to become leading bank in region

Prime Minister Nguyen Xuan Phuc on March 26 asked the Vietnam Bank for Agriculture and Rural Development (Agribank) to strive to become one of the leading commercial banks in the region.