Tags: bidv

Banks cut home loan interest rates

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.

Lawmakers due to ratify EVFTA on June 8

Lawmakers due to ratify EVFTA on June 8

VOV.VN - The National Assembly (NA) is to convene its plenary session in Hanoi on June 8 and approve a resolution on ratification of the European Union – Vietnam free trade agreement (EVFTA).

Vietcombank among Forbes’ top 1,000 listed companies worldwide

Vietcombank among Forbes’ top 1,000 listed companies worldwide

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) found a place among the 1,000 largest companies in Forbes’ recent “The World’s Largest Public Companies 2020” report, released in its Global 2000 annual rankings.

COVID-19 hits profitability of national banking sector

COVID-19 hits profitability of national banking sector

VOV.VN - If the ongoing COVID-19 epidemic is successfully brought under control by the end of the second quarter then it is likely that the pre-tax profits of banks will grow at an annual rate of 7.2%, with the rate drastically falling to 0.8% if the epidemic is unable to be controlled until the end of the year, according to SSI Securities Joint Stock Company.

Banking sector to cash in on benefits from EVFTA

Banking sector to cash in on benefits from EVFTA

The Vietnamese banking sector, now undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business models and management from their European partners after the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, according to insiders.

Cyber threats slow down rise of cashless payments

Cyber threats slow down rise of cashless payments

Vietnamese lenders and fintech groups are catching up with international peers on kick-starting the economy and promoting cashless transactions in the face of the coronavirus outbreak, but greater advancement always comes with new risks.

Foreign banks may return soon

Foreign banks may return soon

The completion of the sale of Vietcombank stake to foreign buyers in early 2019 and of BIDV at the end of last year may bode well for a comeback of foreign banks to Vietnam in 2020.

Banking M&As set to flourish

Banking M&As set to flourish

Merger and acquisition activities in Vietnam's banking sector are expected to grow in the years to come despite certain regulatory barriers hindering foreign investors.

SBV tightens lending regulations with bad loans on the rise

SBV tightens lending regulations with bad loans on the rise

The State Bank of Vietnam (SBV) has taken steps to tighten regulations over banks’ use of short-term deposits, reducing its ratio used to finance medium and long term loans from 60 percent now to 40 percent by September next year.

KEB Hana named strategic shareholder of BIDV

KEB Hana named strategic shareholder of BIDV

KEB Hana Bank of the Republic of Korea (RoK) has become a strategic shareholder of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), helping the latter to have the biggest charter capital among Vietnamese banks.