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Tags: commercial banks

Forex rate under pressure of US-China trade tensions

Forex rate under pressure of US-China trade tensions

The foreign exchange market in Vietnam has heated up recently when the daily reference exchange rate set by the State Bank of Vietnam (SBV) continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.

Funding capacity, asset quality of banks improves

Funding capacity, asset quality of banks improves

The financial capacity of Vietnam’s credit institutions has solidified in recent years, with their charter capital reaching 578.9 trillion VND (24.85 billion USD) by the end of the first quarter 2019.

Banks face anger over lack of dividend payment

Banks face anger over lack of dividend payment

Despite earning decent profits, some commercial banks have opted not to pay any dividends, prompting frustration among shareholders at recent annual general meetings, reported Thanh Nien newspaper.

Banks speed clearance of bad debts at VAMC

Banks speed clearance of bad debts at VAMC

Many banks had to sell a large amount of NPLs to the Viet Nam Asset Management Company (VAMC) in the past few years to meet the central bank’s requirement of keeping their NPL ratio below 3 per cent of all outstanding loans.

Credit programme gives boost to HCMC economic growth

Credit programme gives boost to HCMC economic growth

VOV.VN - Commercial banks have pledged to provide enterprises in Ho Chi Minh City with VND279 trillion (US$11.99 billion) in loans under the bank-enterprise linkup programme this year, heard a conference held in the city on April 18.

Reference exchange rate up 5 VND

Reference exchange rate up 5 VND

The State Bank of Vietnam set the daily reference exchange rate on January 11 at 22,835 VND/USD, up 5 VND from the previous day.

“Big four” banks to lower interest rates on January 10

"Big four" banks to lower interest rates on January 10

VOV.VN - Four major commercial banks have pledged to slash lending rates as of January 10 in a bid to further leverage access to loans for businesses operating in the prioritized sectors as stipulated by the State Bank of Vietnam.

Reference exchange rate up 8 VND

Reference exchange rate up 8 VND

The State Bank of Vietnam raised the daily reference exchange rate on January 9 to 22,835 VND/USD, up 8 VND from the previous day.

Banks expect higher credit growth limits

Banks expect higher credit growth limits

More commercial banks expect their credit growth limits to be expanded this year after Techcombank became the first to get the nod to do so from the State Bank of Vietnam (SBV) recently.

Commercial banks race to expand foreign investments

Commercial banks race to expand foreign investments

Vietnamese commercial banks are racing to develop their networks by opening representative offices and subsidiaries in foreign nations, paving the way for them to expand their overseas operations, according to market watchers.
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