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Tags: banking

Foreign funds flow back to banking

Foreign funds flow back to banking

The banking sector has been on the recovery path after a tough time struggling with bad debt (2012-2014), especially since 2016. This comeback has been assisted by foreign investors in local banks.

Association enhances Vietnam-Japan economic links

 Association enhances Vietnam-Japan economic links

VOV.VN - The Hokuriku-Vietnam association of investment promotion businesses was set up on October 20 in Kanagawa City, Japan, aiming to cultivate investment opportunities for businesses and develop economic ties between the two countries through human resources and economic exchanges.

Saigon-Hanoi joint stock bank opens Myanmar-based first branch

Saigon-Hanoi joint stock bank opens Myanmar-based first branch

VOV.VN - The Saigon-Hanoi Commercial Joint Stock Bank (SHB) recently opened its first branch in Myanmar, marking an important step towards expanding its operations in the Southeast Asian region, Lao Dong (Labour) Newspaper reported.

FOLs will help banks revamp

FOLs will help banks revamp

A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.

SBV unveils 2017 policy

SBV unveils 2017 policy

The State Bank of Vietnam (SBV) on December 2 announced its key orientation of monetary policy management and banking operations in 2017.

Vietnam makes progress cleaning up banking segment

Vietnam makes progress cleaning up banking segment

VOV.VN - The Vietnam government has made meaningful progress in cleaning up the banking segment after an out of control lending spree led to a crippling surge in bad debts back in 2012.

Banking sector’s goals achievable: SBV Deputy Govenor

Banking sector’s goals achievable: SBV Deputy Govenor

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong expressed optimism about achieving its yearly goals during talks with members of the European Chamber of Commerce and Industry in Hanoi on October 3.

Vietnam licenses unit of Malaysian bank CIMB

Vietnam licenses unit of Malaysian bank CIMB

The State Bank of Vietnam has granted a license for Malaysia’s second largest lender CIMB to open a unit here, which will be the seventh fully foreign-owned bank in the country.

FPT builds financial switching system for Myanmar

FPT builds financial switching system for Myanmar

VOV.VN - The Myanmar Payment Union (MPU) has signed a memorandum of understanding (MoU) with FPT Group and the National Payment Corporation of Vietnam (NAPAS) to implement a project on building a financial switching system for Myanmar.

Banks report higher profits in H1

Banks report higher profits in H1

Some banks have reported good business performance results in the first half of the year thanks to high credit growth.

Banking sector to support firms

Banking sector to support firms

The banking sector will apply comprehensive monetary policies and banking operations to improve credit access, focusing on enhancing national credit ratings, according to the State Bank of Vietnam (SBV).

VCCI release incomes by sector 2014

VCCI release incomes by sector 2014

Banking, finance and insurance employees had the highest income across all sectors in Vietnam in 2014, with an average income of about VND195 million (US$8,660) per year.
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