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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.

SOEs failed to disclose business information to be punished

SOEs failed to disclose business information to be punished

The Ministry of Planning and Investment (MPI) has just asked the Government to handle the state-owned enterprises (SOEs) which failed to disclose their business information in 2017 in line with the Government’s Decree 81/2015/ND-CP issued in September 2015.

Fitch offers positive outlook on Agribank

Fitch offers positive outlook on Agribank

Fitch Ratings has affirmed the long-term issuer default ratings (IDRs) of Vietnam Bank for Agriculture and Rural Development (Agribank) at B with a positive outlook.

Agribank funds VND1 billion for Hue Festival 2018

Agribank funds VND1 billion for Hue Festival 2018

The Vietnam Bank for Agriculture and Rural Development (Agribank)’s branch in central Thua Thien-Hue province has agreed to provide funds worth VND1 billion (US$44,000) for the 10th Hue Festival.