Tag: banks
Banks continue bond issuance to meet capital adequacy ratio
Banks have been promoting the mobilisation of medium- and long-term capital through bond issuance to meet the State Bank of Vietnam (SBV)’s requirements on capital adequacy ratio (CAR).
UNGA 76: President meets foreign leaders, WB President in New York
President Nguyen Xuan Phuc had meetings with many foreign leaders and World Bank Group (WB) President David Malpass shortly after he arrived in New York on September 21 (local time) for the General Debate of the UN General Assembly’s 76th session (UNGA 76).
Banks urged to embrace digitisation
About 67% of surveyed banks believe they will lose market share within two years if they fail to digitally transform, according to a new report from cloud banking platform Mambu and The Financial Times Focus (FT Focus).
Digital transformation to optimize banking activities
VOV.VN - The Vietnamese Government identified building an e-Government towards a digital government, a digital society, and a digital economy as one of its top priorities toward a comprehensive digital transformation until 2030.
WB economist has high hope for Vietnamese economic recovery
VOV.VN - Vietnam’s economy will recover on the back of solid growth achieved in the first half of 2021 after the lockdown is lifted, Dorsati Madani, Senior Economist at the World Bank (WB) Vietnam, has said.
Vietnamese transaction value of economic concentration set to hit US$7 bil by 2022
VOV.VN - The nation’s transaction value of economic concentration will be between US$4.5 billion and US$5 billion this year, with this figure likely to reach US$7 billion by next year.
Decree for Fintech sandbox to be submitted in Q4
The Government has issued a resolution to create a sandbox for financial technology (fintech) in the country’s banking sector.
Vietnamese consumers expect seamless banking experience
Vietnamese consumers expect a seamless banking experience when it comes to opening an account via a mobile app or website, with two in five expecting to answer 10 questions or less or they will abandon the process. One out of six Vietnamese will drop out if asked more than five questions.
COVID-19: SBV issues new document on rescheduling of debt payments
The State Bank of Vietnam (SBV) on September 7 issued a circular directing foreign credit institutions and bank branches to reschedule debt payments, waive and reduce borrowing interest and fees, and maintain the groups in order to support customers affected by the COVID-19 pandemic.
Banks continue lower deposit interest rates
The deposit interest rates at major banks has continued to decrease since the beginning week of September.
